Duisburg: Cheap real estate prices attract clever investors!
Duisburg: Cheap real estate prices attract clever investors!
Duisburg continues to be an interesting location for investors, despite a decline in offer prices on the real estate market. In the 4th quarter of 2024, prices for existing apartments fell by 2.5 percent, which the city presents special opportunities and challenges compared to other major German cities. The average square meter price in Duisburg is 1,875 euros, which makes it one of the cheapest among the 15 largest cities in Germany. This price level attracts investors who are looking for attractive entry opportunities.
While cities like Munich and Hamburg record square meter prices of over 5,000 euros, Duisburg with moderate prices and a stable demand for affordable living space remains an advantage. In the long term, this combination is expected to be solid rented rental trends. The real estate market in Duisburg also has an average vacancy rate of 4.4 percent, which, however, fluctuates greatly depending on the district. In districts such as Marxloh or Alt-Hamborn, the vacancy rate is over 7 percent, while in Wehofen or Buchholz values below 2 percent.
economic framework and urban development
Duisburg has established itself as the number one steel location and plays a central role as a logistics hub. Traditional companies such as Thyssenkrupp Stahl AG and the Hüttenwerke Krupp Mannesmann GmbH shape the economic image of the city. Particularly noteworthy is the largest inland port in the world, which takes up an important position in international trade with a trimodal concept (water, rail, road).
Urban development in Duisburg focuses on the inner port and the expansion of educational and research institutions, such as the University of Duisburg-Essen and the Fraunhofer Institute. City tourism is also becoming increasingly important, which sets further impulses for the local economy and the real estate market. A comprehensive transport infrastructure with connection to motorways, rail networks and airports, such as the Düsseldorf International Airport, contributes to the attractiveness of Duisburg. Despite the falling real estate prices, there can be opportunities for investors, provided that they select their objects carefully and pursue a long -term strategy.
Additional information on the current development on the real estate market in Duisburg and on other relevant statistics can be found in a comprehensive real estate market report by Duisburg Business, which offers detailed insights into the market development, as well as Duisburg Business reported.
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Ort | Duisburg, Deutschland |
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