Real estate in Bielefeld is becoming more and more popular among immigrants from various cities in Germany, foreign citizens and, of course, investors. At the same time, the city is able to meet the growing demand - new residential complexes are being built here and old objects are being restored. Multicultural and young, Bielefeld attracts with excellent recreational opportunities, job opportunities, prospects for start-up entrepreneurs, a large number of green spaces, educational institutions, health centers, entertainment and cultural institutions.
Features of the real estate market in Bielefeld
Bielefeld is one of the 20 largest cities in Germany and is both a university city and a vibrant economic and cultural metropolis in the north-east of North Rhine-Westphalia. It is the largest settlement in the Ostwestfalen-Lipa region and its economic center.
Bielefeld currently has over 330,000 inhabitants, but the city continues to grow as much as it can afford it: unlike most of the settlements in Ostwestfalen-Lipa, there is a sufficient area of settlements here.
City appearance, architecture
The “small town” Bielefeld is located between Dortmund and Hanover and occupies 258 m2. And only 9.65% of the area is used for the transport network. But agricultural zones, water bodies and green spaces are present in all parts of the city, although they are riddled with industrial districts.
Bielefeld is well integrated into the natural environment. Hardly any other city offers such beautiful views, villas on a picturesque hill and wide tracts of forest, located in close proximity to each other.
Numerous green areas, parks and streams, as well as 2 rivers (Ems and Weser) together create a fairly green urban landscape that offers the city's residents a variety of options for outdoor recreation.
The largest parks in the city center are Bürgerpark, Ravensberger, Nordpark and Rochdale. There is also a Japanese garden in the Gadderbaum district. A popular holiday destination is Lake Obersee, which is surrounded by an 80-acre park.
The colorful city center is filled with entertainment, dining and cultural venues. In the evenings, people go to bars; in the spring, an open-air restaurant opens. That is why the most popular areas are either those located in the center, or those that border the Teutoburg Forest. Between these areas are new residential areas and spacious parks.
Bielefeld has an almost equal number of old and new quarters. Objects that have already been completed to completion are usually not demolished, but renovated and re-sold or rented out.
Due to the fact that the authorities adhere to this rule, the city center and its western part remain unique: many houses are still decorated with stucco molding and are located in small adjacent areas. However, booming areas such as Hoberge-Uerentrup and Johannisburg are emerging with brand new buildings and modern villas.
Expansion and use of urban areas
The most significant urban expansion is 22 km north-south and 19 km west-east. The share of agricultural land is about 5% higher than the size of farmland comparable in size to cities in Germany.
About 7.5% of Bielefeld's territory is designated as protected areas. Of the nearby woodlands, 2,256 hectares are part of the urban forest.
The land use principle in Bielefeld is illustrated in the table below:
| Area by type of use | Area (km2) | Share in total area (%) |
|---|---|---|
| Agricultural land | 95.75 | 37.13 |
| Woodland | 52.22 | 20.25 |
| Construction, free and exploited zone | 70.2 | 27.22 |
| Resettlement and movement area | 24.89 | 9.65 |
| Water objects | 1.86 | 0.72 |
| Sports and green areas | 11.79 | 4.57 |
| Other land use | 1.19 | 0.46 |
Administrative division of the city
The city of Bielefeld is made up of 10 municipalities with 38 urban districts, officially divided into 92 statistical districts.
| Municipality | Urban district |
|---|---|
| Brackwede | Brackwede |
| Holtkamp | |
| Quelle | |
| Ummeln | |
| Dornberg | Babenhausen |
| Großdornberg | |
| Hoberge-Uerentrup | |
| Kirchdornberg | |
| Niederdornberg-Deppendorf | |
| Schröttinghausen | |
| Gadderbaum | Bethel |
| Gadderbaum | |
| Heepen | Altenhagen |
| Baumheide | |
| Brake | |
| Brönninghausen | |
| Heepen | |
| Milse | |
| Oldentrup | |
| Jöllenbeck | Jöllenbeck |
| Theesen | |
| Vilsendorf | |
| Mitte | Mitte |
| Schildesche | Gellershagen |
| Schildesche | |
| Sudbrack | |
| Senne | Buschkamp |
| Windelsbleiche | |
| Windflöte | |
| Sennestadt | Dalbke |
| Eckardtsheim | |
| Heideblümchen | |
| Sennestadt | |
| Stieghorst | Hillegossen |
| Lämershagen-Gräfinghagen | |
| Sieker | |
| Stieghorst | |
| Ubbedissen |
Infrastructure, entertainment and cultural institutions
The residents of Bielefeld have a wide range of educational opportunities. At the University of Bielefeld, which is also a major research center in Germany, about 22 thousand students study. Another 6,600 students are registered at one of the universities of applied sciences.
The city has 47 primary, 11 secondary, 16 special, 10 general education, 7 professional, 9 private, one music, one art, 2 state experimental and 2 technical schools. The city's music and art school with 6 thousand students is one of the largest in Germany. For an investor, this means that when reselling real estate, it is worth focusing mainly on families with children, and when renting out real estate - on students.
Bielefeld has a unique medical center for the rehabilitation of patients with severe mental disorders, especially patients with epilepsy. There are many homes for the elderly, orphanages, recreation centers for people of all ages in the city.
People living in Bielefeld have many cultural opportunities:
- The museums of Bielefeld, of which there are about 20 in the city, present art and historical collections, as well as exhibits that give an idea of the history of the local industry.
- The Municipal Theater offers the audience drama and musical performances, as well as dance programs.
- At the Theater am Alten Markt you can get acquainted with the works of contemporary authors.
- Comedy theater is located on Ritterstraße.
- Alarmtheater, Theaterhaus and Puppenspiele are targeted at children and adolescents.
- There are three symphony orchestras in the city.
It can be assumed that residents of neighboring cities will come to Bielefeld to attend cultural events, and this increases the demand for apartments for daily rent.
- In addition to the two large multiplex cinemas, Cinemaxx and Cinestar, there are several smaller cinemas in Bielefeld.
- The botanical garden and the zoo, which are home to about more than 430 animals, are of interest.
With several stadiums, sports clubs and gyms in the city, the city hosts amateur and professional training sessions and competitions in a variety of sports, from American football and cycling to tennis. Probably, in the vicinity of large stadiums, spacious rented apartments will be in demand, which could be rented at once by several out-of-town fans or athletes who came to the competition.
Tourism, attractions
Bielefeld is a real treasure for tourists, because, despite numerous attempts to destroy the city, it managed to preserve a huge number of interesting and unique architectural monuments, temples, museums and other attractions. The authorities took care of the preservation and restoration of historic buildings and churches.
Favorite places of tourists are the Spalenburg castle-fortress, which received the status of the historical heritage of the city and the country, as well as the open-air museum of peasant life, the Church of St. Mary with its Gothic beauty and austerity, the city zoo, the botanical garden, the Bielefeld Opera, the headquarters of Dr. Oetker.Bielefeld can also be safely called a find for gourmet tourists - the variety of restaurants and bars here is simply amazing.
Problems with the accommodation of tourists never arise - more than 60 hotels and boarding houses are open in Bielefeld. The most comfortable hotels of the highest level and small cozy middle class hotels are located in the center.
The city offers unique traditional events, including annual folk festivals, carnivals, Christmas markets, dance festivals, exhibitions in artists' studios, literature days in the library, film festivals, culinary performances, music and science festivals, trade fairs, sports competitions and museum nights, churches and galleries.
If an investor decides to invest in the hotel business, attention should be paid to hostels - there is not enough cheap housing for tourists in the city.
Economy and industry
Linen weaving is the foundation of Bielefeld's economic development. The industrialization of Bielefeld began with the railway in 1847. Since 1900, the industrial production of table and bed linen, shirts, blouses began. At the same time, metal processing companies appeared, began to produce sewing machines, bicycles, motorcycles, cars, trucks and buses.
Today, the city's economy is defined by the manufacturing sector, which is characterized by food and beverage manufacturing, metalworking, mechanical engineering, the chemical industry and tailoring.
Educational institutions and health and social services centers are also important employers. Thousands of employees of enterprises, medical institutions and universities come to Bielefeld from other cities and even countries - which means that they create additional demand for rented apartments (especially those located near large companies and universities), rented out for long-term rent.
Transport connection
Bielefeld has good transport links - some tram lines run underground, and some bus lines are at night. The city is located on federal highways B 61, B 66 and B 68 and two federal highways - A 2 and A 33, so it is easy to travel by car in the north-south and east-west directions.
The city is connected to the intercity and regional transport network Deutsche Bahn.
Bielefeld is also located on the electrified main railway Cologne-Dortmund-Hanover (a four-lane railway line).
The route intersects in Lehne with the international railway line Lehne-Rheine to Amsterdam. The line from the central station leads to Lemgo and Altenbecken, and the line from Breckwede station to Osnabrück and Paderborn.
Also at the Breckwede train station there is an international bus station for intercity buses that run on numerous routes within Germany and Europe.
There are a total of 11 stations and transport control points in the city. The nearest international airport is Paderborn / Lippstadt, 45 km southwest of Bielefeld via the A 33 motorway.
It is noteworthy that at the main station of the city there is also a bicycle station with a garage, a bicycle center with a workshop and a shop where you can buy a new vehicle.
Real estate market
The high demand for real estate in Bielefeld is primarily due to the variety of properties on the market. Here everyone can find a suitable home for themselves and their families.
Many quarters of the city can be described as mixed. The Musikerviertel, for example, is renowned for its rich variety of cultural institutions. Theesen, Schildecke and Dornberg have a family atmosphere and a bit like a village, while Hoberge-Uerentrup is turning into a trendy neighborhood thanks to its border with the Teutoburg Forest and the city center is just a short bike or bus ride away. ...
Thanks to the expansion of the campus and the implementation of the “It’s OWL” project, many jobs were created and the city began to grow steadily. As a result, the influx of students and young couples continues, making Bielefeld an even younger city.
Features of real estate by area
Investors interested in buying real estate in Bielefeld should take into account the specifics of the market in each of the city's districts. And it's not just the cost of apartments and houses - future tenants and home buyers will look for suitable premises depending on the level of transport links, urban or rural appearance, road noise, the number of green areas, the presence or absence of schools and kindergartens.
| District | Real estate, architecture | Attractiveness for certain segments of the population (reasons) |
|---|---|---|
| Brackwede | ||
| Brackwede | Attractive residential areas with one and two-family houses in the north, multi-storey residential buildings in the south. | Families with children (there are institutions of all levels of education), childless couples (all important infrastructure facilities are located in the district) |
| Holtkamp | Small idyllic village in the southwest of the city. Well-kept farms (some are historical), half-timbered houses. | Pensioners and farm workers (closeness to nature, calm measured life, excellent transport links, infrastructure and local supplies). |
| Quelle | Well-developed new living areas with well-maintained single and multi-family houses with beautiful gardens. | Young families (developing area, new buildings, high quality of life, excellent infrastructure, many green areas, excellent transport links and several schools and kindergartens). |
| Ummeln | Solid city buildings, multi-storey apartment buildings. | Young families (location in nature, good transport links, many schools), students (cheap rent). |
| Dornberg | ||
| Babenhausen | Mostly single-family homes. | Students (due to the proximity of the university), families with children (due to the proximity to nature, the presence of schools and kindergartens), employees of enterprises. |
| Großdornberg | Well-kept single-family homes and apartment buildings set amid beautiful gardens. | Young families (growing attractive area, sports clubs, excellent transport links, closeness to nature). |
| Hoberge-Uerentrup | A prestigious area for wealthy people. Well maintained single and apartment buildings, private houses, villas. | Wealthy families with children (high standard of living, rich infrastructure, schools and kindergartens), wealthy single people (prestigious real estate), golfers (there is a beautiful golf course). |
| Kirchdornberg | Well maintained single and apartment buildings surrounded by beautiful gardens. | Young families (closeness to nature, high quality of life), childless couples (opportunities for active leisure, good infrastructure). |
| Deppendorf | Well-preserved tenements and single-family homes amid beautiful gardens. | Young families (many green areas, schools available), retirees (good transport links, many recreational areas, quiet rural life), students (sports opportunities). |
| Niederdornberg | Well-preserved single and apartment buildings. | Young families (opportunities for sports, education, outdoor recreation), retirees (many shops, doctors, recreational opportunities). |
| Schröttinghausen | Farms, single family homes. | Young families (local food from private farms, availability of schools), retirees (stable and active village community, closeness to nature). |
| Gadderbaum | ||
| Gadderbaum | The seat of the production facilities and administrative facilities of the Oetker Group. Single and apartment buildings. | Pensioners (there is a social institution to help the disabled, the poor and the homeless), disabled people (there is a medical center and employment opportunities), families with children (schools and kindergartens are open, close to nature, many places to relax, there is a museum, a park, a farm , Botanical Garden). |
| Heepen | ||
| Altenhagen | Apartment buildings in the center, single-family houses on the outskirts. | Families with small children (there are schools, kindergartens, sports clubs), football fans (there is a football field, clubs, training places), retirees (good transport links). |
| Baumheide | Multi-storey buildings and industrial areas. | Migrants, retirees (there is a nursing home). |
| Brake | Private houses, single-family houses and several apartment buildings. | Pensioners (excellent transport links, village life). |
| Brönninghausen | Well maintained farms, commercial area. | Retirees (quiet rural life, many recreational opportunities), childless couples (great sports opportunities, excellent local supplies). |
| Heepen | Small business parks, apartment buildings, family houses. | Families with children (many kindergartens and schools, entertainment for children), retirees (good transport links, closeness to nature). |
| Milse | Unattractive commercial and residential areas, urban urban silhouette. Mostly apartment buildings. | Employees of enterprises, lonely people. |
| Oldentrup | Well-preserved single and apartment buildings, industrial zones. | Families with children (many kindergartens and schools), migrants (multicultural area). |
| Jöllenbeck | ||
| Jöllenbeck | Historic buildings, single or twin family houses, apartment buildings. | Families with children (kindergartens and several schools), athletes (there are sports clubs, competitions are held), young couples (good infrastructure, many shops). |
| Theesen | Mostly well-preserved single and apartment buildings. | Young families (thanks to the presence of kindergartens, schools, necessary infrastructure facilities - shops, restaurants, pharmacies, doctors), retirees (there are many doctors, good infrastructure and transport links). |
| Mitte | ||
| Mitte | Beautiful and prestigious villas in the west, high-rise buildings and apartment buildings in the east. | Wealthy single people, couples and families with children (high quality of life, many places for recreation and cultural pastime, excellent transport links, rich infrastructure, prestige). |
| Schildesche | ||
| Gellershagen | Sparsely built residential areas adjacent to the western and eastern parts of Gellershagen Park. The Sudbrack area is densely built up. | Students (the campus of the University of Bielefeld is located here), retirees (good transport links, closeness to nature, excellent local supplies), athletes (places for training and competitions). |
| Schildesche | Multi-storey buildings dominate; there are also well-kept single and multi-apartment buildings. | Students (in the area there are buildings of Bielefeld University), young couples (there are many places for recreation, restaurants, shops), families with children (there are many schools and kindergartens). |
| Senne | ||
| Buschkamp | Several agricultural farms, well-preserved half-timbered houses. | Families with children (clean ecology, several kindergartens and schools, organic food from farms, a swimming pool, museums, green areas and parks for recreation and sports), pensioners (good infrastructure and transport links, many places for cultural pastime). |
| Windelsbleiche | ||
| Windflöte | ||
| Sennestadt | ||
| Dalbke | New urban structures, apartment buildings and single-family houses. | Pensioners (outdoor recreation, excellent transport links and local supplies), migrants, single people. |
| Sennestadt | Avant-garde houses with glass facades. | Migrants (multinational area), families with children (kindergartens, schools), students (cheap rent). |
| Stieghorst | ||
| Hillegossen | Single and apartment buildings. | Families with children (many schools, a music school, various sections for children, high quality of life), young couples (many shops, excellent transport links, restaurants). |
| Lämershagen | Isolated well-kept farms, apartment buildings, single-family homes. | Childless couples (only one kindergarten, no schools, but ample opportunities for spending leisure time in nature), pensioners (good transport supplies, closeness to nature). |
| Gräfinghagen | Beautiful single-family homes, apartment buildings set in well-tended gardens, small farms. | Families with children (close to nature, many places to relax), retirees (countryside, fresh air). |
| Sieker | Classicist apartment buildings, post-war buildings in good condition, well-kept one-, two- and three-storey houses with beautiful gardens. | Families with children (good infrastructure, schools, entertainment events, attractions, sports clubs), young couples (close to the center). |
| Stieghorst | Large multi-storey buildings, apartment buildings, industrial areas. | Migrants (originally, apartment buildings were built for refugees), foreign employees of enterprises (international companies are located here), families with children (a large number of schools). |
| Ubbedissen | Private farms, manicured gardens and single and apartment buildings. | Families with children (there are schools, kindergartens, a zoo, a forest), farm workers, retirees (good access to local and international traffic). |
Features of commercial real estate in Bielefeld
Bielefeld is a young and lively city, populated mostly by students and families with children. Accordingly, the greatest benefit for the investor can bring such commercial real estate as budget cafes and canteens near the university, pizzerias, coffee shops and recently popular anti-cafes, in which students can spend several hours in the company of friends or a textbook, paying only for the time stay in the institution.
Tens of thousands of tourists come to the city every year, and there are no problems with their accommodation - there are really enough hotels and restaurants in the city. However, if it is possible to buy out an already operating business, especially near the center, the investor will definitely not be left at a loss.
Despite the fact that Bielefeld is only getting younger every year thanks to the incessant flow of students and young couples, the elderly also found their home here - all the conditions for a comfortable stay have been created for them.
But there are many medical institutions, nursing homes and recreation centers in the city, and it hardly makes sense to open new ones.
In connection with all of the above, it can be assumed that the purchase will be a profitable investment for an investor:
- student dormitory;
- an apartment building in a budget area;
- entertainment club;
- apartments for daily rent (aspiring entrepreneurs often come to Bielefeld and prefer to rent apartments rather than stay in a hotel);
- retail store of youth clothing.
Average cost of residential and commercial property
In recent years, buildings in many quarters of Bielefeld have risen in price - the authorities are investing in public services and maintaining a neat view of suburban green spaces, which makes local real estate even more attractive for both young people and retirees.
Property prices in Bielefeld are increasing in proportion to demand. At best, this will be modest growth: for example, Sieker Schweiz offers impressive country houses and luxury villas for sale at comparatively low prices.
The cost of apartments and houses differs depending on the remoteness of the city center, local infrastructure and transport links. In this regard, it will be useful to consider the features of the demand for residential properties within each of the city's districts separately:
| District | Real estate demand dynamics (%) |
|---|---|
| Brackwede | |
| Brackwede | 3.3 |
| Quelle | 1.6 |
| Ummeln | 9.6 |
| Dornberg | |
| Babenhausen | 1.5 |
| Großdornberg | -5.8 |
| Hoberge-Uerentrup | 2.6 |
| Kirchdornberg | -7.5 |
| Schröttinghausen | -17.5 |
| Gadderbaum | |
| Gadderbaum | -2.9 |
| Heepen | |
| Altenhagen | 6.3 |
| Baumheide | -10.6 |
| Brake | 0 |
| Heepen | 6.3 |
| Milse | -3.4 |
| Oldentrup | -8.2 |
| Jöllenbeck | |
| Jöllenbeck | 5.5 |
| Theesen | -1.6 |
| Mitte | |
| Mitte | -1.4 |
| Schildesche | |
| Gellershagen | 3 |
| Schildesche | 1.6 |
| Senne | |
| Buschkamp | 12.5 |
| Windelsbleiche | |
| Windflöte | |
| Sennestadt | |
| Sennestadt | -3.8 |
| Stieghorst | |
| Hillegossen | 3.5 |
| Sieker | 1.5 |
| Stieghorst | 6.6 |
| Ubbedissen | 12.3 |
The following table contains information about the current offers of commercial property owners in the city of Bielefeld:
| Property object | Year built | Area, m2) | Profitability (%) | Absolute Income (EUR) | Cost (EUR) | Add. expenses (notary, purchase tax, broker's commission) |
|---|---|---|---|---|---|---|
| Tenement house | 1976 | 3.784 | 4.9 | 243.311 | 5,000,000 | 0.015 0.065 0.06 |
| Manufacture building | 1981 | 3.464 | 6 | 66 | 1,100,000 | 0.02 0.065 0.071 |
| Supermarket | 2013 | 1.419 | 7.6 | 138 | 1,800,000 | 0.02 0.065 0.071 |
| A restaurant | 1997 | 551 | 4.9 | 34.538 | 700 | 0.015 0.065 0.071 |
| Hotel and apartment building | 1959 | 1.108 | 5.2 | 159.953 | 3,100,000 | 0.02 0.065 0.071 |
| Commercial center | 1969 | 2.98 | 0.07 | 132.6 | 1,900,000 | 0.02 0.065 0.071 |
| A fitness center | 1980 | 1.65 | 8 | 164.999 | 2,062,000 | 0.02 0.065 0.048 |
| Shopping center | - | 6.952 | 7.1 | 545.328 | 7,635,000 | 0.015 0.065 0.06 |
| Medical Center | 2018 | 2.58 | 6.2 | 480 | 7,700,000 | 0.02 0.065 0.06 |
| Nursing home apartment package | 2017 | 153 | 4.8 | 22.003 | 458 | 0.02 0.065 0.036 |
Apartment prices
In simple residential areas of Bielefeld, the price range for 100 m2 apartments ranges from 160,000 to 200,000 euros. These include, for example, Senne and the eastern part of Sieker Schweiz.
In Oldentrup and Schildesche, the ceiling has already reached 235,000 euros. In fact, only the most developed residential areas have seen significant price increases.
The University District offers a number of solid, mostly modernized townhouses with an elevator and balcony. A compact apartment of 80 m2 on the ground floor can cost as little as 250,000 euros. But in this part of the city there are still many old buildings, where apartments are sold at prices ranging from 140,000 to 170,000 euros.
The fact that new residential areas are being built in the best locations in the city is no coincidence: Hoberge-Uerentrup offers 120 m2 apartments with balconies and modern equipment for 500,000 euros. The situation is similar in many parts of the Musikerviertel.
The first table below shows the current average prices per m2 of apartment space in Bielefeld, North Rhine-Westphalia and Germany. The second table contains indicators of price dynamics for apartments with an area of 30 m2, 60 m2 and 100 m2 for the period from 2021 to 2021 (a visual representation of price changes is shown in the diagram).
In the following table you can see the average apartment prices in some areas of Bielefeld:
Prices for residential buildings in Bielefeld
Information on the average prices for residential buildings in Bielefeld, North Rhine-Westphalia and Germany as of 2021 can be found in the first table below. The second table contains information about the dynamics of prices for private houses for the period from 2021 to 2021:
Below is the current average cost of 1 m2 of house space in the districts of Bielefeld, in which such real estate objects are currently on sale:
The following table shows the average prices for individual buildings in those areas where it is possible to buy a house in Bielefeld today:
| District | House prices (euro) |
|---|---|
| Brackwede | |
| Brackwede | 232 |
| Quelle | 271 |
| Ummeln | 235 |
| Dornberg | |
| Babenhausen | 328 |
| Großdornberg | 324 |
| Hoberge-Uerentrup | 418 |
| Kirchdornberg | 468 |
| Niederdornberg | 447 |
| Deppendorf | 173 |
| Schröttinghausen | 272 |
| Gadderbaum | |
| Gadderbaum | 275 |
| Heepen | |
| Altenhagen | 242 |
| Baumheide | 244 |
| Brake | 258 |
| Heepen | 297 |
| Milse | 197 |
| Oldentrup | 214 |
| Jöllenbeck | |
| Jöllenbeck | 256 |
| Theesen | 250 |
| Mitte | |
| Mitte | 324 |
| Schildesche | |
| Gellershagen | 338 |
| Schildesche | 372 |
| Senne | |
| Buschkamp, Windelsbleiche, Windflöte | 270 |
| Sennestadt | |
| Dalbke | 147 |
| Sennestadt | 193 |
| Stieghorst | |
| Hillegossen | 274 |
| Sieker | 392 |
| Stieghorst | 250 |
| Ubbedissen | 245 |
In the table below you can see the average prices for condominiums in the areas of Bielefeld where they are currently available for purchase:
| District | Condominium prices (EUR / m2) |
|---|---|
| Brackwede | |
| Brackwede | 1.25 |
| Quelle | 1.8 |
| Ummeln | 1.55 |
| Dornberg | |
| Babenhausen | 1.35 |
| Großdornberg | 1.55 |
| Hoberge-Uerentrup | 2.45 |
| Kirchdornberg | 1.3 |
| Niederdornberg | 1.05 |
| Gadderbaum | |
| Gadderbaum | 2.1 |
| Heepen | |
| Altenhagen | 1.3 |
| Baumheide | 750 |
| Brake | 1.5 |
| Brönninghausen | 1.4 |
| Heepen | 1.3 |
| Oldentrup | 1.15 |
| Jöllenbeck | |
| Jöllenbeck | 1.5 |
| Theesen | 1.9 |
| Mitte | |
| Mitte | 1.8 |
| Schildesche | |
| Gellershagen | 1.55 |
| Schildesche | 1.8 |
| Senne | |
| Buschkamp, Windelsbleiche, Windflöte | 1.35 |
| Sennestadt | |
| Sennestadt | 850 |
| Stieghorst | |
| Hillegossen | 1.25 |
| Lämershagen | 600 |
| Sieker | 1.35 |
| Stieghorst | 1.3 |
| Ubbedissen | 1.3 |
Rental prices by district in Bielefeld
More and more students, including foreign ones, come to Bielefeld every year. Young couples from all over Germany are also actively coming to this city. A large number of industrial companies and educational institutions attract workers from neighboring cities and other countries.
In Bielefeld, all conditions have been created for start-up entrepreneurs, and therefore university graduates also often begin to embody their ideas in this city.
All of these categories of the population have something in common: they need rental housing, for a short or long term. This makes local residential real estate quickly recouped, and if there is not enough budget housing options for everyone, the demand for mid-range premises increases sharply.
The steady growth in demand for rented apartments and residential buildings allows investors with little capital who rent apartments to be subleased.
In Bielefeld, you can be sure that there will be people willing to rent premises at a higher cost than the tenant initially requested. This is especially true for apartments in the city center and near educational institutions.
The following table shows the rental prices for some of the commercial properties in Bielefeld:
| Commercial property | Area, m2) | Cost for 1 m2 (euro) | Total cost (EUR) |
|---|---|---|---|
| Office space | 90 | 8 | 720 |
| Office building, private practice room | 176 | 5.63 | 990 |
| Warehouse space | 30.688 | 4.6 | 141.165 |
| Premises for retail trade | 82 | 12 | 984 |
| A restaurant | 300 | 7.5 | 2.25 |
| Grocery store | 390 | 8.5 | 3.315 |
| Hotel | 530 | 4 | 2.12 |
Apartment rental prices
The cost of renting apartments in Bielefeld differs significantly from one area of the city to another. Residential areas around the city center are particularly popular. The most prestigious areas are located in Hoberge-Uerentrup, which also has the highest rental rates. That is why families with children often choose northern areas, characterized by large forest lands and moderate rental rates.
At what price you can rent an apartment in Bielefeld, North Rhine-Westphalia and Germany in 2021, you can see in the first table below.
And the dynamics of apartment rental prices for the period from 2021 to 2021 is reflected in the second table and schematically shown in the picture:
The following table shows the average rental prices for apartments in all districts of Bielefeld, in which housing is rented:
It takes an average of 14 days from the publication of the announcement of the renting of an apartment to the conclusion of a contract with tenants in Bielefeld - this is a good indicator, which means a fairly high demand for rented apartments and houses. Local residents spend 13.7% of their monthly income on rent, if we do not take into account the cost of utilities and other expenses.
Residential house rental prices
The average rental cost of residential buildings of various sizes in Bielefeld, North Rhine-Westphalia and Germany for 2021 is shown in the first table, and the following table shows the dynamics of rental prices for houses in the period from 2021 to 2021.
Conclusion
Bielefeld is not only an ideal city for active people and athletes, but also a cozy multinational town. Despite the relatively small population, it is in this city of Germany that you can meet residents of a wide variety of nationalities and adherents of all religions. That is why it is quite profitable to acquire residential properties for subsequent renting out: any foreigner quickly adapts to life in Bielefeld, becomes a member of ethnic communities and remains permanently.
The city attracts representatives of all segments of the population from other cities in Germany and from abroad, people come here to study at a well-known university and to open a business in an important industrial center of the region, which creates an additional demand for rental housing.
A significant advantage is the fact that among the buyers of real estate in Bielefeld there are not only wealthy foreigners and investors, but also people with modest financial resources - the local residential market is distinguished by a variety and a wide price range. And this means that a novice businessman with a small capital will have something to acquire and what to earn for many years. Moreover, the unemployment rate in the city is low, which means that the demand for housing is solvent.
In Bielefeld, you can buy almost any property, from an ordinary secondary apartment in an apartment building to a single-family private house, which is considered the most prestigious and expensive purchase in the city. Moreover, prices for a 1-room apartment are rarely set above 70,000 euros. Two-room and three-room apartments cost between 150,000 and 200,000 euros. But individual residential buildings can be sold for several million euros. Land plots are in demand among buyers, on which unique houses are subsequently built that meet the needs of a particular family.
And in conclusion, let us recall the main average cost indicators obtained in the process of analyzing the investment attractiveness of residential real estate in Bielefeld:
average rental price: 6.50 euros / m2;
average home value: 271,000 euros;
dynamics of real estate prices in comparison with the previous year: + 1.60%.
