Real estate in Duisburg and opportunities to profitably invest in it have been discussed by investors for a long time. Over the decades, numerous industrial plants have loomed over houses and turned neighborhoods into unattractive places to live, causing the population to decline steadily. But in recent years, several development zones have appeared in Duisburg, and the authorities have tackled infrastructure problems, which made investors think about the prospects for the local real estate market.
Features of the real estate market of the city of Duisburg
Duisburg is an independent city in the Ruhr industrial region in western Germany, belonging to the federal state of North Rhine-Westphalia. It is located on the right bank of the Rhine, where the Ruhr and Emscher flow into the river. Duisburg is located in the Rhine-Ruhr metropolitan region with a population of about 10 million and belongs to both the Lower Rhine region and the Ruhr region.
Duisburg has a population of 499,845 (as of 31 December 2021), making it the fifth largest city in North Rhine-Westphalia.
In the 19th century, thanks to its advantageous location at the mouth of the Ruhr, the presence of ports and the close proximity of coal deposits, Duisburg grew from the metallurgical industry to an important industrial area. The local river port is considered the largest inland port in the world.
City appearance, architecture
During the Second World War, Duisburg lost almost all of its architectural structures. Only the foundations of the Palatinate of the X-XII centuries, the city walls of the XII-XIII centuries, the late Gothic Cathedral of the Savior in 1415, the Three-tongued House in 1536, the Church of St. Joseph (1871-1874), Christuskirche (1908), Liebfrauenkirche (restored in 1951), the Town Hall (1897-1902), railway station (1934) and center of Judaism (1999).
In terms of urban planning, Duisburg relies heavily on industrial facilities, some of which are still in use and are partially integrated into parks or used by companies and cultural enterprises in the inner harbor.
Administrative division
Since the municipal reorganization was carried out on January 1, 1975, the territory of Duisburg has been divided into 46 districts, which are distributed over 7 urban districts:
| District of Duisburg | Population | Districts |
|---|---|---|
| Walsum | 50.836 | Aldenrade |
| Alt-Walsum | ||
| Fahrn (Farn) | ||
| Overbruch | ||
| Vierlinden (Vierlinden) | ||
| Wehofen (Wehofen) | ||
| Hamborn | 74.947 | Alt-Hamborn |
| Marxloh (Marxloh) | ||
| Neumühl | ||
| Obermarxloh | ||
| Röttgersbach | ||
| Meiderich / Beeck | 73.584 | Beeck |
| Beeckerwerth | ||
| Bruckhausen (Bruckhausen) | ||
| Laar | ||
| Mittelmeiderich | ||
| Obermeiderich | ||
| Untermeiderich | ||
| Homberg / Ruhrort / Baerl | 40.794 | Alt-Homberg |
| Baerl | ||
| Hochheide | ||
| Ruhrort | ||
| Rheinhausen (Rheinhausen) | 77.893 | Bergheim (Bergheim) |
| Hochemmerich | ||
| Friemersheim | ||
| Rheinhausen-Mitte | ||
| Rumeln-Kaldenhausen (Rumeln-Kaldenhausen) | ||
| Duisburg-Mitte (Duisburg-Mitte) | 110.931 | Altstadt (Altstadt) |
| Dellviertel (Dellviertel) | ||
| Duissern (Duissern) | ||
| Hochfeld (Hochfeld) | ||
| Kasslerfeld (Kasslerfeld) | ||
| Neudorf-Nord | ||
| Neudorf-Süd (Neudorf-Süd) | ||
| Neuenkamp (Neuenkamp) | ||
| Wanheimerort (Wanheimerort) | ||
| Duisburg-Süd (Duisburg-Süd) | 73.118 | Bissingheim |
| Buchholz | ||
| Großenbaum (Grossenbaum) | ||
| Huckingen (Huckingen) | ||
| Hüttenheim (Hüttenheim) | ||
| Mündelheim | ||
| (includes Ehingen, Rheinheim, Serm and Holtum) | ||
| (Mündelheim, which includes Ehingen, Rheinheim, Serm and Holtum) | ||
| Rahm (Ram) | ||
| Ungelsheim | ||
| Wanheim-Angerhausen | ||
| Wedau |
Infrastructure, cultural and entertainment institutions
With the opening of the Gesamthochschule University in 1972, the city was recognized as a scientific and high-tech center. Since 2005, the School of Management has been operating on the campus with an emphasis on doing business.
There are other educational institutions in the city - the State University of Applied Sciences and the Folkwang University of Arts. Among the leading research institutes in Duisburg are the institutes of microelectronic circuits of the Fraunhofer Society, river shipbuilding and welding.
As for entertainment and places for recreation, the popular green areas are the Old City Park, Landscape Park "Nord", Park im. I. Kant, a recreational park in Hambourne.
Sports fans are interested in the Sports Academy (one of the largest in Europe), the athletics and football stadium, the Vedau sports park with an ice palace. The Duigburg Forest massif hosts the largest zoo in the Ruhr with a Chinese Garden, an aquarium, a whale breeding nursery and a dolphinarium (over 1 million visitors a year).
The city has several large museums, the Opera House and other theaters.
Economy and industry
Duisburg's inland river port shapes the city's economy and the local metallurgical industry. Almost a third of the pig iron produced in Germany comes from 8 Duiburg blast furnaces. Traditional steelmaking and metalworking in the city is increasingly focusing on high-tech products. Due to this structural change (steel crisis), which has been going on since the 1970s, Duisburg suffers from high unemployment rates. In general, the city occupies one of the first places in North Rhine-Westphalia in terms of the concentration of foreign workers and employees and in terms of unemployment (only 14.9% of the economically active population).
Duisburg performs the functions of the westernmost German seaport (about 2,000 river-sea vessels call in, about 2 million tons of cargo are handled). The Rhein-Ruhr-Hafen Duisburg free trade zone operates on the basis of the local port.
Duisburg is the second most important railway junction in Germany after Frankfurt am Main: 6 railway lines converge here. At the beginning of the XXI century, Duyburg entered the top five largest railway junctions in the EU in terms of freight turnover.
It is also a major road junction (regional and local roads, 5 highways). Finally, Duisburg is of great importance in the combined transport of goods, including the transport of containers.
Since the beginning of the XXI century, Duisburg has been a center for holding international conferences, scientific, technical and industrial associations of Germany and the EU countries, congresses and meetings of sports, political, public congresses and meetings, industrial exhibitions.
The service sector in Duisburg is also quite developed - it employs about 70% of all employees, and the main role in its development is played by the logistics, communications and transport sector. The city is a global logistics center, one of the largest in Europe.
The city has a well-developed sphere of business, information, insurance, banking and financial services. The largest employers in the city are:
- Hitachi Power Europe is an electronic and electrical engineering corporation;
- Klöckner & Co AG - wholesale and international trade in metal products and ferrous metals.
Duisburg is the largest region of ferrous and nonferrous metallurgy and river shipbuilding, machine and instrument making, radio-electronic industry, production of electrical equipment, chemical industry are developed here. In addition, the city has a brewing, tobacco and flour-milling, clothing and printing industry, coal is mined, petrochemical and oil refining enterprises operate.
Real estate market
Duisburg's real estate market has been shaken for years by numerous decommissioning projects. Residential quarters, usually organized in high-rise buildings, were demolished in large numbers, and those that remain are today used for commercial purposes.
Consequently, the existing housing is practically free from defects in terms of construction, which increases its value.Basically, the real estate market in Duisburg is wider in the low price segments, and there are very few upscale and luxury properties on offer. But comfortable houses and apartments are still found, usually near the Rhine.
Due to the relatively high unemployment rate and the constant population decline, the Duisburg real estate market has been in a relaxed state for many years. This does not mean, however, that the city administration is not struggling with the problems that abound here. Many buildings are in need of renovation, in some areas it is difficult not to notice infrastructure deficiencies.
Today, restructuring in Duisburg is gaining momentum, especially in the northern part of it, near Bruckhausen and Marksloch - here already more than 100 empty apartment buildings have been bought and destroyed by the authorities.
The aim of urban planning for the near future is the further development of the Landschaftspark Duisburg-Nord to Grüngürtel. Conversion areas outside the project are being developed throughout the Rhine metropolis and are being converted mainly into green areas.
Contrary to popular belief, the once smoky port is getting closer to nature, despite the fact that the block-like structure of the settlements of the former workers' quarters is only partially improving. At the same time, the current housing supply is experiencing an increase in value in many areas of the city. In industrial areas, the supply of housing and commercial properties is expected to decline as the current trend is towards the creation of natural, open, close-to-nature settlements.
Features of residential and commercial real estate by district
If we talk about Duisburg as a whole, when buying residential and commercial real estate, an investor should focus primarily on the following population groups:
- migrants, especially Muslims from Turkey (Duisburg has the largest Muslim community, and in some areas the share of foreigners reaches 30%, and in Bruckhausen 80% of residents are immigrants);
- workers of industrial enterprises (mainly they live in the city);
- elderly people (the average age of residents of Duisburg is 47 years, and in the Ungelsheim region - 50 years);
- students (although local universities practically do not attract students from abroad and from other German cities, there are still a lot of students here).
The table will help you get an idea of which areas of Duisburg are most often chosen for permanent residence by representatives of certain segments of the population:
| District | Main characteristics | Attractiveness for representatives of certain segments of the population |
|---|---|---|
| Walsum | ||
| Aldenrade | Quiet and peaceful area in the countryside, separated from the neighboring areas by a green belt. Modern single and double family homes with well-tended gardens create a harmonious overall picture. Shops, restaurants, weekly market, 3 kindergartens, primary and secondary schools, nature reserve. There is an industrial zone. Good transport links. | Single people, families with children, industrial workers. The average age of residents is 45 years. |
| Alt-Walsum | New residential buildings, apartment buildings. There are enough shops, there is no weekly market. Transport links are good, but it takes 1 hour to get to the center by bus. | Lonely people, industrial workers. The average age of residents is 40 years. |
| Fahrn | Mostly multifunctional apartment buildings and terraced houses. Several shops, a bakery, a butcher's shop, 3 kindergartens, an elementary, secondary and specialized school. Reserved area for recreation. It takes about 30 minutes to get to the center, transport links are good. Life is decent and cheap. | Single people, childless couples. The share of foreigners is 25% higher than in other regions. |
| Overbruch | Rustic character. Mainly prefabricated buildings and residential settlements, single-family houses. Supermarket, bakery, butcher shop, no weekly market. It takes a long time to get to the center. | Lonely people. The average age of residents is 44 years. |
| Vierlinden | The area is close to Oberhausen and Dinslaken. Terraced houses in new residential complexes, old single-family houses, apartment buildings. Good transport links, quick access to the center. 4 kindergartens, a supermarket, a discounter, a bakery, a weekly market, recreation in a conservation area, sports grounds, a hippodrome. | Young childless couples, families with children, active people. |
| Wehofen | Rustic idyllic atmosphere. New residential buildings with gardens have been built on the outskirts of the district. 5 kindergartens, no schools. Good transport links, it takes an hour to get to the center. Small shops, supermarket, weekly market, sports grounds. | Single people, childless couples. |
| Hamborn | ||
| Alt-Hamborn | The area is characterized by a mix of old and new residential buildings. Representatives of various nationalities live. Weekly market, shops, shopping street, cafes, kindergartens, primary and secondary schools. Botanical Garden. Sports park, cabaret, observation tower. | Middle-income families with children. 25% of foreigners. |
| Marxloh | The region is industrial. Simple houses and apartments, partly in poor condition. Low rent, good transport links. 8 kindergartens, banks, doctors' offices, shops, a large market for household appliances, many fashionable wedding shops, a Muslim mosque. | Low income families, single people. There are 36% more foreigners than in other areas. |
| Neumühl | It is characterized by heterogeneous structures ranging from attractive single-family houses to large prefabricated buildings. Industrial park, several small shops, supermarkets, disco, restaurant, weekly market, Catholic hospital. Transport links are good. | Lonely people. The average age of residents is 43 years. |
| Obermarxloh | Mostly social housing. Here you can buy a good house for little money, but the atmosphere is unpleasant, social problems have not been resolved, and there are many unemployed. Transport links are good, it takes 40 minutes to get to the center. | Low-income families. There are many foreigners, especially Turks. |
| Röttgersbach | The area is characterized by single-family houses, old mansions, patrician houses. Apartment buildings are rare. 5 kindergartens, discounters, no market, no schools. Park, golf club, sauna, swimming pools, outdoor recreation. Good transport links, but it takes 1 hour to get to the center. The rent is high. | Families with preschool children, pensioners. |
| Meiderich / Beeck | ||
| Beeck | Medium area with gray residential areas, old buildings in need of renovation. Beautiful new homes can be found in quiet side streets. The rent is relatively low. 5 kindergartens, indoor pool, library, some shops, shopping area. Good transport links, 30 minutes to the center. | Low-income families. 22% are foreigners. |
| Beeckerwerth | Quiet area, even in the center. 3 kindergartens, primary school, discounters, market, disco, sports grounds. Good transport links, there are traffic jams, to the center - 30 minutes. | Lonely people. 13% are foreigners. |
| Bruckhausen | The area is located between the huge and visible buildings of the steel mill. A disadvantaged social area with a high crime rate. The buildings are in poor condition, the unemployment rate is over 30%, the rents are low. | More than 80% of residents are immigrants, the share of foreigners in the area is 60%. |
| Laar | Small idyllic area on the Rhine. Several rows of residential buildings, apartment buildings. Institute of Applied Materials Technology of the University of Duisburg-Essen. Several kindergartens, primary and secondary schools, sports centers. Good transport links, to the center - less than 30 minutes. | Families with children, retirees. The share of foreigners is 25%. |
| Mittelmeiderich | One of the central areas with beautiful old buildings combined with functional high-rise buildings. 7 kindergartens, 3 primary schools, secondary schools. Shopping street, pharmacies, shops. | Families with children |
| Obermeiderich | A variety of housing options - beautiful old single-family homes, simple apartment buildings, functional high-rise buildings. The area is crossed by several main roads. In the northwest - a landscape park, in the northeast - a shopping center, in the west - a large commercial and industrial area. | Young couples |
| Untermeiderich | The area is characterized by detached houses, apartment buildings with and without a garden, sometimes terraced houses. Shopping street, shops, retailers, discounters, supermarkets, weekly market, 3 kindergartens, elementary schools, disco. Good transport links, low rent. | Young couples, families with small children. |
| Homberg / Ruhrort / Baerl | ||
| Alt-Homberg | Houses with well-preserved Art Nouveau facades, new buildings in the town hall area. Shops, supermarkets, weekly market, restaurants, pubs, discounters. Industrial and chemical plants. Kindergartens, primary and secondary schools, high school. Good transport links, it takes 30 minutes to get to the center. Sports grounds. | Lonely people, factory workers. |
| Baerl | A wonderful area with a nature reserve and a recreational area. Mainly single-family houses, rural buildings and several apartment buildings. 2 kindergartens, primary school. | Families with children, retirees. |
| Hochheide | Functional apartments and residential buildings are mixed with single-family homes. 6 kindergartens, elementary schools, supermarkets, discounters, weekly market. | Socially vulnerable citizens. In family houses near the Rhine there are families with children. Thrifty people. |
| Ruhrort | Nice area to stay. Dense development. Single-family houses, rarely townhouses. Many catering establishments, excellent transport links, 3 kindergartens, primary, secondary and comprehensive schools, supermarkets, banks, discount stores. | Families with children, retirees. The average age of residents is 44 years. |
| Rheinhausen | ||
| Bergheim | Green area in the countryside. Single-family homes, new buildings. Good transport links, to the center - 15 minutes. 6 kindergartens, elementary schools, shops, doctors' offices, pharmacies, restaurant, recreational area with barbecue and water sports facilities. | Young families |
| Hochemmerich | Large area. Weekly market, supermarkets, discounters, retailers. Good transport facilities. Sports facilities, water areas, heather garden, stage, cafes, mini golf course, playgrounds. | 25% of foreigners. People with modest incomes, lonely people. |
| Friemersheim | The rural area is characterized by old single-family houses, standard multi-family houses. 6 kindergartens, general and secondary schools, shops, supermarkets. | Families with small children, retirees. |
| Rheinhausen-Mitte | Simple houses, old buildings together with functional high-rise buildings. Shopping street, weekly market, 4 kindergartens, sports grounds, water areas, garden-heather, cafe-bar, golf course. Good transport links, quick access to the center and neighboring areas. | Lonely people. The average age of residents is 47 years. |
| Rumeln-Kaldenhausen | Area in the countryside. 5 kindergartens, 3 primary schools, a secondary school, 2 secondary modern schools, a specialized school for the mentally retarded. Weekly market, ample shops, recreational area, water sports, sports clubs. To the center by bus 50 minutes. It has its own train station. | Families with children, retirees. The average age of residents is 45 years. |
| Duisburg-Mitte | ||
| Altstadt | Trendy area. Many old buildings with beautiful facades and functional new buildings. Apartments of all types and sizes. Inner harbor. Weekly markets, many shops, shopping malls, central theater, restaurants, retailers, hi-tech casinos, cafes, bars, museums. Little greenery. | Young couples, single people. The share of foreigners is 15%. The average age of residents is 44 years. |
| Dellviertel | Popular area. Mostly new buildings. Several kindergartens, elementary schools, comprehensive school, secondary schools. Cabaret theater, cultural center, cafes, pubs, children's playgrounds. | Young families, childless young couples. |
| Duissern | There are many old buildings, avenues and green courtyards. City forest. Many tenement villas and private villas with well-tended gardens. Several kindergartens, 2 elementary schools, the University of Duisburg-Essen, 2 botanical gardens, a zoo, a dolphinarium. Good transport links, the center can be reached in a couple of minutes, to Dusseldorf in an hour. | Students, families with children, retirees. The average age of residents is 46 years. The population is decreasing all the time. |
| Hochfeld | Simple houses and apartments. Lots of Turkish coffee shops and shops. Weekly market, many retail outlets, 2 parks, discos, restaurant, pub. Low rental rates. | Migrants, single people, students, low income families. The share of foreigners is 37%. |
| Kaßlerfeld | Standard buildings, old houses and functional new buildings. You can buy a cheap house right on the main road or in a quiet side street. 3 kindergartens, discos, supermarkets. Good transport links, to the center - 10-15 minutes. | Young people with low demands. Low-income people unwilling to give up the benefits of the city center. |
| Neudorf-Nord | A popular area close to the city forest and Germany's largest sports park. Lots of housing options. There is a campus of the University of Duisburg-Essen. Excellent infrastructure, well-developed transport links. | Students, retirees. The average age of residents is 45 years. |
| Neudorf-Süd | Green area bordering the Wedau sports park and urban forest. Mostly terraced houses and well-preserved old buildings, as well as functional apartment buildings, new structures and nice single-family homes. Recreational area. The proximity of the center. | Young couples, families with children, retirees. |
| Neuenkamp | In the north, the district is occupied by an industrial zone, the settlement is in the south. The area is green enough. dominated by small private houses, single-family buildings, apartment buildings overlooking the countryside. 2 kindergartens, primary school, several shops for everyday needs, restaurants, small indoor pool. | Childless couples, single people, industrial workers. |
| Wanheimerort | Lots of residential areas, motorway, commercial and recreational areas. Many detached houses with gardens, apartment buildings. Sports park, forest area, 6 lakes, large forest cemetery. Market, many shops, supermarkets, discounters, 6 kindergartens, 3 primary schools, secondary schools. Excellent transport links - you can quickly reach the center, Düsseldorf and Dortmund. | Families with children, young couples, retirees. |
| Duisburg-Süd | ||
| Bissingheim | A popular area in a quiet wooded area. Proximity to the center and several recreation areas. Kindergarten, sports park, weekly market, lake. You can quickly reach the university in the Neudorf-Nord area. | Students, families with preschool children, pensioners. |
| Buchholz | Quiet residential area. Kindergartens, primary and secondary schools. Weekly market, recreational park. An excellent combination of nature and urban infrastructure. | Wealthy families and couples. |
| Großenbaum | A pleasant area with a predominance of single-family houses and tenements with a garden. There are terraced and prefabricated houses. Lakes, woodland for walking, many shops and cafes. Kindergartens, 2 elementary schools, a comprehensive school, University of Applied Sciences North Rhine-Westphalia. Good transport links, to the center - 10 minutes. | Students, families with children, young couples. |
| Huckingen | A popular place to live due to its many green areas, developed infrastructure and excellent transport links. There are new development areas with one- and two-apartment buildings. The Infineon Technologies AG development center is located here, and the creation of new high-tech companies is expected. Shopping Center, St. Anna, 3 kindergartens, elementary school, gourmet Italian restaurant, hotel, golf course, many outdoor activities. | Families with children, entrepreneurs, technology center employees, retirees. The average age of residents is 45 years. |
| Hüttenheim | The area is bordered in the west by the Rhine and industrial plants. Christian churches have been converted into a shopping center and a retirement home, there are 2 Muslim mosques and one more will be built. Simple houses dominate. The rent is low. 3 kindergartens, shops are enough. Transport links are acceptable, to the center 30 minutes. | People on a budget who don't mind living with foreigners. 28% are foreigners. |
| Mündelheim (includes Ehingen, Rheinheim, Serm und Holtum) | Quiet and peaceful area of the village type. Many old and new family houses surrounded by fields and meadows. Good transport links, to Dusseldorf airport - 15 minutes. Primary school, 2 kindergartens. Ample opportunities for outdoor recreation. | Families with preschool children, pensioners. |
| Rahm | In the east, the area is divided by a large forest zone. There is a development zone. 3 kindergartens, primary school, ample shops and green spaces. Convenient to get to Dusseldorf. Low rent and at the same time closeness to the city center. | Pensioners, employees of low-income enterprises. 5% of foreigners. The average age of residents is 45 years. |
| Ungelsheim | Mostly quiet and green area, equidistant from the city center, Düsseldorf and Krefeld. There are few detached and apartment buildings, mostly terraced. Nearby there is a recreational area, there are plenty of shops. | Pensioners. The average age of residents is 50 years. |
| Wanheim-Angerhausen | The area has green areas, but is surrounded by industrial plants. Functional apartment buildings, single-family houses, residential complexes. 5 kindergartens, schools for children of all ages. Weekly market, shops, discounters. Playgrounds, recreation area, Rhine bank. | Families with children, lonely people. |
| Wedau | “Garden City” - the area is located on 6 lakes and other recreation areas and at the same time is close to the center. The quality of life is high. Terraced houses, prefabricated housing estates, tenements and single-family houses, village villas with large gardens. Sports park, several canoeing and rowing pools, woodland, recreation area. 2 kindergartens, primary school, excellent infrastructure, good transport links. | Families with children, retirees. The average age of residents is 48 years. |
Features of commercial real estate
In fact, if an investor decides to purchase real estate in Duisburg, it is advisable to focus on residential properties. When there is a desire to invest in commercial buildings, it is better to focus on areas of the city in which the infrastructure is not too developed, especially in the north. But in whatever area you decide to open an institution like a restaurant or a cafe, you should take into account the fact that Duisburg is a multinational city, and many Muslims live here. There will be much more visitors if you think over the halal menu and the oriental atmosphere of the catering.
Tourists come to Duisburg to visit the largest port, museums, a zoo and to visit local festivals. There are hotels in the city, and there is no shortage of places, so the opening of a hotel or hostel is unlikely to meet the investor's expectations.
As already mentioned, the population of Duisburg is aging: young couples rarely move here to live. According to statistics, the city has 138.3 practicing doctors per 100,000 inhabitants, while the German average is 230. This suggests that there will soon be a shortage of specialists for the elderly. The investor could invest in the opening of a new clinic, nursing homes, boarding houses.
Finally, the guaranteed demand will be enjoyed by the services of student hostels, budget cafes, entertainment facilities for young people, and coffee shops. But on condition that such enterprises are located in close proximity to universities.
Average cost of residential and commercial real estate in the city
On the Duisburg real estate market, the overwhelming number of housing offers refers to apartments and houses in the low price segment. There are very few luxury villas and upscale apartments in the city; more or less comfortable and noteworthy houses are located near the Rhine and near some recreational areas in areas that do not have industrial zones. But there are also many single or two-family houses for sale, mostly in the south of the city and on the left bank of the Rhine.
Apartments located in fairly attractive locations are also included in the offer. For example, in Rumeln-Kaldenhausen, a spacious 90 m2 attic three-room apartment will cost around 200,000 euros including a balcony.
In the popular residential area Baerl, in the north of Duisburg, such properties are not uncommon. Here the market is large and diversified in terms of the variety of types of property. Whether it's the upper or lower floors, the garden, the balcony - in the Baerl development areas, even the most demanding buyers will find what they are looking for. At the same time, prices are kept in the range from 170,000 to 400,000 euros, depending on the area of the dwelling and some of its features.
But the new buildings are already in better locations. For three-room apartments on the ground floor with an area of 100 m2, prices are set at 260,000 euros and the garden is included in the price.
A bit to the east, in Buchholz, the offer is more modest: a three-room apartment of 70 m2 is for sale at a price of 60,000 euros, even if they are located in attractive locations.
| District | Real estate demand dynamics (%) |
|---|---|
| Walsum | |
| Aldenrade | -1.9 |
| Alt-Walsum | -3.3 |
| Fahrn | 4.2 |
| Overbruch | 3.7 |
| Vierlinden | -2 |
| Wehofen | -6.8 |
| Hamborn | |
| Alt-Hamborn | 8.5 |
| Marxloh | 0 |
| Neumühl | 6.3 |
| Obermarxloh | 0 |
| Röttgersbach | -2 |
| Meiderich / Beeck | |
| Beeck | 0 |
| Beeckerwerth | 0 |
| Bruckhausen | 0 |
| Laar | -3.9 |
| Mittelmeiderich | -1.9 |
| Obermeiderich | 6.5 |
| Untermeiderich | 2 |
| Homberg / Ruhrort / Baerl | |
| Alt-Homberg | 0 |
| Baerl | -6.8 |
| Hochheide | 6 |
| Ruhrort | 0 |
| Rheinhausen | |
| Bergheim | 3.7 |
| Hochemmerich | 0 |
| Friemersheim | 0 |
| Rheinhausen-Mitte | 1.9 |
| Rumeln-Kaldenhausen | 0 |
| Duisburg-Mitte | |
| Altstadt | 5 |
| Dellviertel | -5.2 |
| Duissern | 0 |
| Hochfeld | 0 |
| Kaßlerfeld | -1.9 |
| Neudorf-Nord | -1.6 |
| Neudorf-Süd | 0 |
| Neuenkamp | -7.5 |
| Wanheimerort | 3.7 |
| Duisburg-Süd | |
| Bissingheim | 0 |
| Buchholz | 6.9 |
| Großenbaum | 1.7 |
| Huckingen | -4.9 |
| Hüttenheim | 3.8 |
| Mündelheim (includes Ehingen, Rheinheim, Serm und Holtum) | 8.6 |
| Rahm | -4.5 |
| Ungelsheim | 5.3 |
| Wanheim-Angerhausen | 0 |
| Wedau | 3.3 |
Commercial real estate in Duisburg can safely be called inexpensive, even taking into account the additional costs of paying notary fees, paying taxes and broker's commission. The following table will help you to get acquainted with the current prices for the most popular commercial buildings:
| Property object | Year built | Area, m2 ) | Profitability (%) | Absolute Income (EUR) | Cost (EUR) | Add. expenses (notary, purchase tax, broker's commission) |
|---|---|---|---|---|---|---|
| Two tenement houses | 1960 | 1.222 | 0.08 | 69.000 | 860.000 | 0.02 0.065 0.071 |
| Office building | 1978 | 1.498 | 0.073 | 127.200 | 1,750,000 | 0.02 0.065 0.071 |
| Portfolio of apartment buildings | 1960 | 1.222 | 0.075 | 80.260 | 1,070,000 | 0.015 0.065 0.06 |
| Investment land | - | 15.000 | - | - | 2,200,000 | 0.02 0.065 0.071 |
Prices for apartments of various sizes
Here are 2 tables - the first will help you get an idea of the average cost of one square meter of apartment area in Duisburg, the federal state of North Rhine-Westphalia and in Germany as a whole, and the information from the second table will help you understand the dynamics of the cost of apartments for the period from 2021 to 2021 :
The following table contains data on at what price you can buy an apartment in Duisburg, depending on which area of the city will be chosen:
Prices for individual residential buildings of various sizes
The following 2 tables will help assess the prospects for buying an individual residential house in Duisburg: the information from the first table will tell you about the average cost of houses in Duisburg, North Rhine-Westphalia and Germany as of 2021, and the information from the second table will help to form an idea of the change in money to private buildings from 2021 to 2021:
The current average prices for one square meter of the area of a private house in certain districts of Duisburg are reflected in the table below:
The following table shows the average market prices for detached houses in Duisburg by city district:
| District | House prices (euro) |
|---|---|
| Walsum | |
| Aldenrade | 225.000 |
| Alt-Walsum | 265.000 |
| Fahrn | 149.000 |
| Overbruch | 197.000 |
| Vierlinden | 167.000 |
| Wehofen | 108.000 |
| Hamborn | |
| Alt-Hamborn | 189.000 |
| Marxloh | 252.000 |
| Neumühl | 193.000 |
| Obermarxloh | 178.000 |
| Röttgersbach | 258.000 |
| Meiderich / Beeck | |
| Beeck | 136.000 |
| Beeckerwerth | 126.000 |
| Bruckhausen | 125.000 |
| Laar | 141.000 |
| Mittelmeiderich | 180.000 |
| Obermeiderich | 211.000 |
| Untermeiderich | 207.000 |
| Homberg / Ruhrort / Baerl | |
| Alt-Homberg | 195.000 |
| Baerl | 338.000 |
| Hochheide | 223.000 |
| Ruhrort | 206.000 |
| Rheinhausen | |
| Bergheim | 266.000 |
| Hochemmerich | 208.000 |
| Friemersheim | 199.000 |
| Rheinhausen-Mitte | 113.000 |
| Rumeln-Kaldenhausen | 292.000 |
| Duisburg-Mitte | |
| Altstadt | 293.000 |
| Dellviertel | 314.000 |
| Duissern | 374.000 |
| Hochfeld | 228.000 |
| Neudorf-Nord | 360.000 |
| Neudorf-Süd | 325.000 |
| Neuenkamp | 193.000 |
| Wanheimerort | 187.000 |
| Duisburg-Süd | |
| Bissingheim | 297.000 |
| Buchholz | 282.000 |
| Großenbaum | 441.000 |
| Huckingen | 530.000 |
| Hüttenheim | 242.000 |
| Mündelheim | 295.000 |
| (includes Ehingen, Rheinheim, Serm und Holtum) | |
| Rahm | 430.000 |
| Ungelsheim | 306.000 |
| Wanheim-Angerhausen | 267.000 |
| Wedau | 256.000 |
Below are the current prices for 1 m2 of condominium area in the districts of Duisburg, in which they are currently being sold:
| District | Condominium prices (EUR / m2) |
|---|---|
| Walsum | |
| Aldenrade | 1000 |
| Alt-Walsum | 1.450 |
| Fahrn | 800 |
| Overbruch | 1.200 |
| Vierlinden | 1000 |
| Wehofen | 1.400 |
| Hamborn | |
| Alt-Hamborn | 700 |
| Marxloh | 650 |
| Neumühl | 950 |
| Obermarxloh | 700 |
| Röttgersbach | 1.15 |
| Meiderich / Beeck | |
| Beeck | 600 |
| Bruckhausen | 450 |
| Laar | 650 |
| Mittelmeiderich | 800 |
| Obermeiderich | 700 |
| Untermeiderich | 700 |
| Homberg / Ruhrort / Baerl | |
| Alt-Homberg | 1000 |
| Baerl | 1.900 |
| Hochheide | 850 |
| Ruhrort | 1.200 |
| Rheinhausen | |
| Bergheim | 1.100 |
| Hochemmerich | 650 |
| Friemersheim | 1000 |
| Rumeln-Kaldenhausen | 1.600 |
| Duisburg-Mitte | |
| Altstadt | 1.300 |
| Dellviertel | 1.100 |
| Duissern | 1.500 |
| Hochfeld | 550 |
| Kaßlerfeld | 850 |
| Neudorf-Nord | 1.300 |
| Neudorf-Süd | 1.200 |
| Neuenkamp | 1000 |
| Wanheimerort | 800 |
| Duisburg-Süd | |
| Bissingheim | 950 |
| Buchholz | 1.200 |
| Großenbaum | 1.500 |
| Huckingen | 1.300 |
| Hüttenheim | 800 |
| Mündelheim (includes Ehingen, Rheinheim, Serm und Holtum) | 1.150 |
| Rahm | 1.900 |
| Wanheim-Angerhausen | 1.050 |
| Wedau | 1.050 |
Rental prices for residential and commercial real estate by district
High unemployment, an aging population, a shrinking population, a large proportion of social housing for low-income families and migrants - these circumstances did not affect the local real estate market in the best way. Rental rates have been declining for a long time, and today you can rent an apartment quite cheaply even in attractive locations in Duisburg.
It will be unprofitable to rent housing for subsequent sublease: there are enough offers on the market, the authorities are even getting rid of empty apartment buildings.
As for the lease of commercial real estate, the rates of the landlords can also be described as modest. But trying to make money on sublease is not worth it - many establishments are closed due to a lack of visitors to reach the level of self-sufficiency. Simply put, entrepreneurs can easily find suitable premises without overpaying to the owner.
The current rental prices for some types of commercial real estate are contained in the table below:
| Commercial property | Area, m2 ) | Cost for 1 m 2 (euro) | Total cost (EUR) |
|---|---|---|---|
| Office building | 3.104 | 10,00 | 31.040 |
| Office space | 184 | 11.96 | 2.200 |
| Logistic warehouse | 6.684 | 4.70 | 31.415 |
| Retail space on the 1st floor of the building | 160 | 4.50 | 720 |
| Cafe with tables on the street | 300 | 8.34 | 2.500 |
| Bar | 140 | 5.72 | 800 |
| A restaurant | 595 | 2.11 | 1.250 |
| Mini Hotel | 300 | 5,00 | 1.500 |
| Land (communications) | 1.100 | 6,00 | 6.600 |
| Wine warehouse with exact sale | 240 | 4.38 | 1.050 |
Prices for renting apartments of various sizes
The demand for rented housing in Duisburg is comparable to the average for the Federal Republic of Germany - from the date of publication of the announcement of the renting of an apartment to the signing of a contract with a tenant, it takes an average of 14 days here. For comparison, in Berlin, those wishing to rent an apartment are searched for in 10 days, and in Freiburg - in 6 days.
Residents of Duisburg spend an average of 14.1% of their monthly earnings on renting an apartment, if we do not take into account the cost of utility bills and other costs of maintaining a dwelling. To pay for services for the removal of household waste, hot and cold water, air conditioning, heating and electricity, residents additionally set aside about 170 euros per month.
Pay attention to the tables below. The first contains information about the average rental cost of apartments in Duisburg (for comparison, we also indicated the average prices for the federal state of North Rhine-Westphalia and Germany), and the second table reflects information on the change in the cost of rented apartments for 2011-2017:
The table below provides information on the average cost of renting apartments in some areas of Duisburg:
Private house rental prices
The average rental prices for private residential buildings of 100 m2, 150 m2 and 200 m2 in Duisburg, North Rhine-Westphalia and the Federal Republic of Germany are shown in the first table that you see below. And the second table reflects the dynamics of prices for renting houses for 2011-2017:
Conclusion
Duisburg currently has a large offer of detached houses. High unemployment rates have been driving down property values in lower price segments for many years. Currently available housing in many areas, especially north of the port, will soon be demolished and modernized - new parking spaces will be equipped, a promising business is planned, the authorities are also reporting the improvement of public places.
In the south of Duisburg, in Rheinhausen, the urban structure is more like a village. modern single-family homes are scattered throughout, but contrasting terraced housing estates from the post-war period are emerging here and there in need of refurbishment.
And in the very north of the city, in Baerle and Walsum, a similar urban structure is present near recreation areas and public places.
In general, there is a tendency towards a decrease in the number of large residential areas in Duisburg, which should contribute to an increase in living standards, primarily due to active greening of the streets and a well-developed infrastructure.
Potential buyers should consider real estate options that have a long-term perspective and carefully assess the area - an understanding of which location and properties will continue to perform well and provide a good life for tenants.
So, during the analysis of the investment attractiveness of residential and commercial properties in Duisburg, the following negative factors were found:
- The constantly decreasing population of the city. The average age of Duisburg residents is 40-45 years old, and in some areas - 50 years old.
- Underdeveloped infrastructure in certain areas of the city.
- Low standard of living of the local population.
- Extremely high unemployment rate.
- Low paying capacity of the population.
- A small number of green areas, spoiled by industrial objects visible from everywhere.
The positive points in favor of buying a property in Duisburg are:
- The constant work of the authorities to improve the quality of life of the population, active construction of development zones, greening of streets, construction of sound barriers between factories and residential complexes, and an increase in the number of parking spaces and recreational areas.
- The presence of a university, clinic.
- Developed transport links, the proximity of Dusseldorf.
- The presence of many operating industrial enterprises, service companies, factories, high-tech industries. The city's economy can be called stable thanks to the local river and sea port.
- Low rental rates, low cost of apartments and houses - current real estate prices in Duisburg allow novice investors with small capital to buy objects.
Let us also recall the main indicators that should be guided by when assessing the city's real estate market:
| Average rental price | 5.30 euro / m2 |
| Average home value | 243,000 euros |
| Average cost of a condominium | 1,050 euro / m2 |
| Average cost of 1 m 2 of the area of an apartment (30 m 2) | 1389 euro |
| Dynamics of real estate prices in comparison with the previous year (2017) | 0.019 |
