The city of Bochum is architecturally rather plain, its historical appearance was lost after the bombing of the Second World War, but for the investor real estate in Bochum is of value. Almost four hundred thousand inhabitants, a strong economy, modern infrastructure, excellent transport links, the proximity of large cities, the presence of 5 universities and 8 clinics, many green areas, dozens of ways to spend leisure time, a strong flow of tourists and ample opportunities for cultural pastime have made the purchase of local buildings a profitable investment.
Features of the Bochum real estate market
Bochum is an ancient city, the first mention of which dates back to 890. It is home to 375,187 people (as of 2021), making the city the 16th largest city in terms of the number of inhabitants among large settlements of Germany. It is located in the famous industrial center of the Ruhr, almost in the heart of the West German coal-mining region of North Rhine-Westphalia, where coal is still mined today.
Despite the fact that Bochum began its development as an industrial zone, today it is more of a European city: higher educational institutions are opening here, museums are being built, well-groomed parks and gardens are growing.
Bochum is now the cultural and historical center of the Ruhr.
Bochum flourished at a time when coal deposits were found in its vicinity - 25 mines were opened, thanks to which workers massively moved from east to west of the country. Gradually, the main coal deposits were developed. The metallurgical and coal mining industries are a thing of the past.
As a former industrial metropolis for the mining industry and related services, Bochum is still considered the city of the last century. Traces of antiquity are still visible in many parts of the city, despite the fact that the local administration has been trying for decades to give the metropolis new impetus and prospects for the future. Nevertheless, Bochum has some features that may be of interest to an investor.
City appearance, architecture, residential complex
Bochum's urban landscape is very evenly structured in terms of residential areas, transport hubs and central supply points. Unlike many other cities, it does not have areas in which residential and industrial zones would be clearly demarcated.
As for residential development, the emphasis on apartment buildings is not made, since the Bochum residents are in demand for individual private houses, especially on the hillside. It is precisely the modern buildings that have become desirable due to major repairs or reconstruction.
Most of the houses were hastily built in the post-war period and are now being actively renovated. In areas dominated by housing for mine workers who have subsequently closed, some redevelopments are also underway to make the structures more attractive.
Bochum was almost completely destroyed during the Second World War, after which it was built up in the post-war years with simple buildings that can be safely called dull and uninteresting. Despite the fact that here you can still see ancient buildings that have survived to our times, after the hostilities Bochum has forever lost its historical appearance.
The streets of the city can be described as unremarkable. The north of the city still reflects the traditional character of the Ruhr area in terms of housing and industrial estates, with terraced houses everywhere. And in the south, close to the Ruhr Valley, lies an idyllic residential area.
The eastern and western parts do not have any special individuality - a wide variety of housing was built here, and buildings of various shapes and sizes alternate with each other.
Bochum can be called a green city: about 40% of its territory is occupied by green spaces. Especially picturesque can be called the places near Lake Kemnader.
Infrastructure, transport links
Since the closure of several large mines in Bochum, local authorities have begun to pay close attention to the development of other areas of society. Today Bochum offers quality education to the young generation, ranging from kindergarten and various types of schools to colleges, institutes and universities. The most significant are the Ruhr University - one of the best educational institutions in the country - and the Yu.M. Lotman. Many research centers are also open here.
At present, art and culture occupy a special place in the city - it is not without reason that the Ruhr District deservedly received the status of the European Capital of Culture in 2021. The Bochum Schauspielhaus and the Starlight Express musical theater attract thousands of music lovers from all over the country.
The Bochum Symphony Orchestra is one of the finest orchestras in Germany, and the world's piano elite meets regularly in the Thürmer-Saal. The Schauspielhaus Drama Theater plays an important role in the education of Bochum youth. During important events in the world of culture, guests stay in hotels and do not rent an apartment. Occasionally newcomers rent apartments for daily rent.
There are practically no historical buildings left in the city, but more than 400 thousand tourists come to Bochum every year. Attractions for visitors are the Mining Museum, the Ruhr Botanical Garden, the Zeiss Planetarium.
The city is famous for its holidays and festivals, to which guests of Bochum are also eager to visit - the Ruhr Triennale art festival and the Bochum total pop music and rock festival are considered especially striking events.
However, you should not rely on tourists as tenants: excursions last no more than 1-2 days, and then travelers organize trips to the Rhine castles, to Cologne, Münster and Dusseldorf. Bochum is also conveniently connected to Amsterdam, Brussels and Luxembourg.
Shoppers can enjoy shopping on the main shopping boulevard. A huge selection of goods is offered by the shopping center "Ruhr Park".
Locals and visitors alike love to stroll along the Bermuda Triangle in the center of Bochum with over 30 restaurants and pubs for beer and traditional German sausages lovers. There is a large selection of cafes of national cuisine, nightclubs, discos. Popular is the Medi-Spa.
Bochum has a strong economy - 15 thousand companies operate here. Steel production is developing rapidly. In the 50s, a radio and electrical industry appeared in the city. A few years later, the Opel plant was built, thanks to which the automotive industry began to develop.
Subsequently, factories of such world-famous companies as Thyssen and Nokia were opened. To this day, the Steilmann textile factory, recognized as the largest textile empire in Europe, operates. Employers attract workers to the city from other regions of Germany and from abroad, and they often rent housing here with whole families: both apartments and houses of the middle and cheap price category.
In Bochum, there are several large clinics at once, the patients of which become both local residents and citizens of other cities of Germany and foreigners:
- St. Joseph's multidisciplinary clinic in Bochum;
- LWL-Universitätsklinikum clinic;
- Clinic Berufsgenossenschaftliche Universitätsklinikum Bergmannsheil;
- HELIOS St.Josefs-Hospital Bochum-Linden;
- Clinic Marien-Hospital Wattenscheid;
- Clinic Augusta-Kranken-Anstalt Bochum;
- Clinic Martin-Luther-Krankenhaus Bochum;
- Knappschaftskrankenhaus clinic.
Since there are really many medical centers in Bochum, patients with a variety of diseases come here, some of which are treated for a long period, after which, moreover, the patient needs rehabilitation. In this regard, the purchase of apartments near clinics will turn into a profitable business - the patients themselves and their relatives will rent a house for the entire period of treatment.
In 2021, a refugee reception center was opened in Bochum. It is located in the former police barracks at the intersection of Gersteinring and Castroper Straße. Some residents do not like this, and therefore it is not recommended to buy apartments in houses located near this institution.
Bochum is a significant transport hub in West Germany. It was originally built at the intersection of the most important routes and is located near such large settlements as Düsseldorf, Bonn, Aachen and Cologne.
There is no own airport in Bochum, but there is a Bochum railway station, where trains from Bonn, Cologne, Dusseldorf arrive.
The local population serves a large number of trams and buses, the routes of which are organized quite competently. Motorists can reach the A40 and A43 motorways in a few minutes from any part of the city. A well-developed transport network allows for short trips within the city and long journeys to neighboring settlements.
Administrative division of the city
Bochum is divided into 6 administrative districts, each of which includes several districts:
| Counties | Districts |
|---|---|
| Mitte (Center) | Altenbochum |
| Gleisdreieck | |
| Grumme | |
| Hamme | |
| Hofstede | |
| Hordel | |
| Kruppwerke | |
| Riemke | |
| Südinnenstadt | |
| Wattenscheid | Eppendorf (Eppendorf) |
| Günnigfeld (Gunnigfeld) | |
| Höntrop | |
| Leithe | |
| Wattenscheid-Mitte | |
| Westenfeld (Westenfeld) | |
| Nord | Bergen / Hiltrop (Bergen / Hiltrop) |
| Gerthe | |
| Harpen / Rosenberg | |
| Kornharpen / Voede-Abzweig | |
| Ost (Ost) | Laer |
| Langendreer | |
| Langendreer-Alter Bahnhof | |
| Werne | |
| Süd (Süd) | Querenburg |
| Stiepel | |
| Wiemelhausen / Brenschede | |
| Südwest | Dahlhausen |
| Linden (Linden) | |
| Weitmar-Mark | |
| Weitmar-Mitte |
Features of real estate by regions of Bochum
The table you see in front of you displays the features of the properties on the market in each of the Bochum districts:
| District | Real estate, architecture | Attractiveness for certain segments of the population |
|---|---|---|
| Mitte (Center) | ||
| Altenbochum | Mixed architecture: single-family houses, several terraced houses, several frame buildings. Affordable rental. | Students of the Protestant University of Applied Sciences Rheinland-Westfalen-Lippe, foreigners (9% of residents), families with children (children from 0 to 14 years old - 9% of residents). |
| Gleisdreieck | Mostly single-family homes. | Foreigners (25% of the population), childless couples. |
| Grumme | Multi-storey apartment buildings. In the northern part it is a rural species, in the southern part it is an urban industrial one. | Childless couples, lonely people. |
| Hamme | Many old buildings with affordable rent. Multi-family houses are located between the main streets. | There are many students and employees of enterprises. |
| Hofstede | Mostly apartment buildings, most of which are located on main roads. | Pensioners, students. |
| Hordel | The residential complex consists exclusively of standard single-family houses. In addition to the settlement, there are also several streets with single-family houses, small private houses (in the north) and terraced houses (in the east). | Low-income families with children. |
| Kruppwerke | The area is moving from an industrial past to a new city block. Parts of the workers' settlements and the houses of civil servants on Baarestraße have been preserved here. Where houses were destroyed during the war, unremarkable simple houses were built in a row. | Single people, childless couples. |
| Riemke | Away from Hernerstraße - apartment buildings and single-family homes. | Students (due to affordable rent), senior citizens, families with children. |
| Südinnenstadt | The architecture of a big city is not to be found here. Towards the south, buildings are becoming more compact. Only single-family houses and small apartment buildings are located here. | Students, single people around 45 years old, childless couples. |
| Wattenscheid (Wattenscheid) | ||
| Eppendorf (Eppendorf) | The architecture is mixed, but there are mainly households with a garden. One of the best areas in the city. | Families with small children. |
| Günnigfeld (Gunnigfeld) | Former homes of coal mine workers. | Single people, childless couples. |
| Höntrop | Mainly single-family houses, there are also apartment buildings. | Families with children. |
| Leithe | One of the smallest areas. Mostly terraced houses. Farmland. | Low-income families with children, students. |
| Wattenscheid-Mitte | High-rise buildings from the 1970s, empty apartments and shops. Single-family houses are inhabited near the city garden. | Due to its proximity to the center and cheap rentals, it is home to students, retirees and low-income families. |
| Westenfeld (Westenfeld) | The residential complex Vogelspoth consists mainly of small single-family houses and apartment buildings. The west is dominated by prefabricated buildings and multi-family houses (cityscape). In the east, there are small wooden houses, street villages of single-family houses and houses lined up in a row. | Industrial complex workers, young families with children (in new residential buildings). |
| Nord | ||
| Bergen / Hiltrop (Bergen / Hiltrop) | Small houses lined up in a row of houses. | Pensioners, lonely people. |
| Gerthe | Privatized housing for miners (carefully restored buildings). Around the market are modern private and apartment buildings. | Childless couples with average income. |
| Harpen / Rosenberg | Mainly single-family houses and apartment buildings, some are vintage. | Single people about 46 years old, retired. |
| Kornharpen / Voede-Abzweig | The western part is densely built up. To the north of the steel mill is a small settlement of single-family homes, multi-family buildings and terraced buildings. In the eastern part there are 2 small settlements with mixed architecture - there are mainly single-family houses. | Students, families with children. |
| Ost (Ost) | ||
| Laer | Multi-storey and high-rise buildings near the Opel plant, in the rest of the area there are small multi-family houses and single-family houses. | Opel factory workers, lonely people. |
| Langendreer | Diverse urban landscape - dominated by single-family houses, apartment buildings, often found with small terraced houses. | Pensioners (due to the Knappschaftskrankenhaus hospital located here), many students (due to cheap rentals). |
| Langendreer-Alter Bahnhof | To the east of the road is the old city center, followed by new streets and a park. Single-family houses and small apartment buildings predominate. | Pensioners, lonely people, students. |
| Werne | Mostly single-family homes. There are farms in the west. | Single people, childless couples. |
| Süd (Süd) | ||
| Querenburg | Frame structures and old buildings dominate. Mainly high-rise buildings, sometimes there are free-standing houses for student residences, there is also social housing for the poor. Around Buscheyplatz there are many two-story houses lined up in a row. | Students, retirees. |
| Stiepel | Upscale beautiful area. Mostly found in single-family homes. | Families with children. |
| Wiemelhausen / Brenschede | The Kirchviertel residential area has many old buildings and detached houses. Ehrenfeld has many old-style apartments and the largest clinic in the city, Bergmannsheil. Brenschede is a quiet residential area with detached houses and green areas. | Students, retirees, families with children. |
| Südwest | ||
| Dahlhausen (Dahlhausen) | Single-family homes. | Large families with average income. |
| Linden (Linden) | One of the best areas in the city. Mostly detached private houses. | Pensioners (due to the location of the Helios-Kliniken Bochum-Linden, St. Josefs-Hospital), families with children. |
| Weitmar-Mark (Weitmar-Mark) | The area developed from the former settlements of two mines. Mainly single-family houses and small apartment buildings. | Single people over 47 years old, retirees. |
| Weitmar-Mitte | Apartment buildings, single-family houses. Most of the residential buildings are located on Hattinger Straße, the most important street in the area. | Childless couples, lonely people. |
Features of commercial real estate in Bochum
When buying commercial real estate in Bochum, you need to approach with caution. A large number of a wide variety of buildings are offered for sale, especially for industrial purposes - this is due to the fact that after the closure of many industrial facilities, warehouses and large factories do not bring profit.
Profitable acquisition in Bochum will be:
- apartment buildings near universities, state libraries, research centers
- social facilities (homes for the disabled and the elderly);
- office buildings in central areas;
- small hotels near attractions, places of festivals, concert halls, theaters, shopping areas;
- small student cafes and coffee shops;
- recently popular anti-cafes, which have hourly pay and offer to spend time reading books, playing board games, watching movies and drinking tea.
Property rental prices by area of Bochum
The main demand for rental housing is created by students, patients of large clinics and employees of industrial enterprises and factories. Demand rates are not as high as, for example, in Bonn and Augsburg, however, it takes about 19 days from the moment the announcement of the apartment is published to the conclusion of the contract with the tenant in Bochum, which is not so long.
On average, residents of Bochum and guests of the city spend 14.8% of monthly income on rent, excluding the cost of utilities and other additional costs. For utility services, you have to pay an additional 213 euros per month.
Investors who do not have large amounts of savings that could be spent on the purchase of a residential or commercial property, as a rule, go the other way: they rent the premises from the owner, after which they transfer it under a sublease agreement at a higher cost.
In Bochum, such a scheme will pay off only if it is possible to rent housing near educational institutions. Since supply currently exceeds demand, tenants can always find apartments cheaper, and therefore subletting is unlikely to earn much.
Here are the average rental prices for commercial real estate in different areas of Bochum:
| Commercial property | Area, m2) | Cost for 1 m2 (euro) | Total cost (EUR) |
|---|---|---|---|
| Office (Altenbochum) | 68 | 8.53 | 580 |
| Office building (Südinnenstadt) | 420 | 9.8 | 4.116 |
| One-stop logistics shop (Stiepel) | 500 | 5.9 | 2.950 |
| Retail store on the ground floor (Weitmar-Mitte) | 45 | 7.78 | 350 |
| Essentials Store (Linden) | 130 | 10.77 | 1.400 |
| Bistro (Gleisdreieck) | 100 | 10.75 | 1.075 |
| Bar (Hamme) | 231 | 5.2 | 1.200 |
| Industrial site (Kruppwerke) | 2000 | 15 | 30.000 |
Prices for renting apartments in Bochum
Average rental prices for apartments in Bochum, North Rhine-Westphalia and Germany as a whole as of 2021 are presented in the table:
| Apartment area (m2) | Rental price (EUR / m2) | ||
|---|---|---|---|
| Bochum | North Rhine-Westphalia | Germany | |
| 30 m2 | 8.28 | 10.32 | 11.11 |
| 60 m2 | 6.55 | 7.17 | 7.63 |
| 100 m2 | 7.05 | 8.04 | 8.95 |
The dynamics of prices for renting apartments in Bochum, North Rhine-Westphalia and Germany for the period from 2021 to 2021:
| Year | Apartment rental prices (EUR / m2) | ||
|---|---|---|---|
| Bochum | North Rhine-Westphalia | Germany | |
| 30 m2 | |||
| 2011 | 6.84 | 8.38 | 7.63 |
| 2012 | 6.64 | 8.27 | 7.91 |
| 2013 | 7.28 | 8.65 | 8.38 |
| 2014 | 7.2 | 8.54 | 8.62 |
| 2015 | 7.34 | 9.28 | 9.41 |
| 2016 | 9.64 | 11.24 | 11.59 |
| 2017 | 7.66 | 9.94 | 9.68 |
| 60 m2 | |||
| 2011 | 5.39 | 5.58 | 5.56 |
| 2012 | 5.45 | 5.69 | 5.69 |
| 2013 | 5.68 | 5.84 | 5.93 |
| 2014 | 5.76 | 5.94 | 6.12 |
| 2015 | 5.96 | 6.21 | 6.56 |
| 2016 | 6.7 | 6.92 | 7.34 |
| 2017 | 6.36 | 6.91 | 7.37 |
| 100 m2 | |||
| 2011 | 5.75 | 5.93 | 6.11 |
| 2012 | 5.79 | 6.07 | 6.31 |
| 2013 | 6.04 | 6.43 | 6.72 |
| 2014 | 6.01 | 6.58 | 7.02 |
| 2015 | 6.21 | 6.9 | 7.61 |
| 2016 | 7.06 | 7.69 | 8.41 |
| 2017 | 6.94 | 7.73 | 7.49 |
The table below contains the average rental prices for apartments in Bochum districts. According to the data, it is cheapest to rent an apartment in Bochum in the districts Hordel (Hordel), Leithe (Leithe) and Günnigfeld (Gunnigfeld) - which is why there are many students and low-income families here.
| District | Apartment rental price (EUR / m2) |
|---|---|
| Mitte (Center) | |
| Altenbochum | 7.66 |
| Gleisdreieck | 7.78 |
| Grumme | 7.84 |
| Hamme | 6.86 |
| Hofstede | 6.51 |
| Hordel | 5.71 |
| Kruppwerke | 6.56 |
| Riemke | 6.47 |
| Südinnenstadt | 7.63 |
| Wattenscheid (Wattenscheid) | |
| Eppendorf (Eppendorf) | 7.24 |
| Günnigfeld (Gunnigfeld) | 5.93 |
| Höntrop | 6.41 |
| Leithe | 5.84 |
| Wattenscheid-Mitte | 6.2 |
| Westenfeld (Westenfeld) | 6.17 |
| Nord | |
| Bergen / Hiltrop (Bergen / Hiltrop) | 6.92 |
| Gerthe | 6.89 |
| Harpen / Rosenberg | 6.63 |
| Kornharpen / Voede-Abzweig | 6.88 |
| Ost (Ost) | |
| Laer | 6.34 |
| Langendreer | 6.71 |
| Langendreer-Alter Bahnhof | 6.29 |
| Werne | 6.28 |
| Süd (Süd) | |
| Querenburg | 6.49 |
| Stiepel | 8.68 |
| Wiemelhausen / Brenschede | 7.77 |
| Südwest | |
| Dahlhausen (Dahlhausen) | 6.29 |
| Linden (Linden) | 6.75 |
| Weitmar-Mark (Weitmar-Mark) | 7.27 |
| Weitmar-Mitte | 6.88 |
Residential house rental prices
The average rental prices for private residential buildings in Bochum, North Rhine-Westphalia and Germany for 2021 are presented below:
| House area (m2) | Rental price (EUR / m2) | ||
|---|---|---|---|
| Bochum | North Rhine-Westphalia | Germany | |
| 100 m2 | 9.72 | 8.51 | 8.66 |
| 150 m2 | 8.71 | 8.65 | 9.13 |
The dynamics of prices for rental houses in Bochum, North Rhine-Westphalia and Germany for the period from 2021 to 2021:
| Year | House rental prices (EUR / m2) | ||
|---|---|---|---|
| Bochum | North Rhine-Westphalia | Germany | |
| 100 m2 | |||
| 2011 | 6.11 | 6.75 | 7.04 |
| 2012 | 7.55 | 6.73 | 7.13 |
| 2013 | 6.37 | 6.97 | 7.26 |
| 2015 | 7.95 | 7.53 | 7.79 |
| 2016 | 8.38 | 7.73 | 8.21 |
| 2017 | 10.48 | 8.12 | 8.92 |
| 150 m2 | |||
| 2011 | 6.13 | 7 | 7.27 |
| 2012 | 8.78 | 6.76 | 7.07 |
| 2013 | 8.16 | 7.07 | 7.37 |
| 2014 | 8.82 | 7.28 | 7.57 |
| 2015 | 9.22 | 7.54 | 7.89 |
| 2016 | 8.73 | 7.98 | 8.62 |
| 2017 | 8.29 | 8.47 | 9.14 |
| 200 m2 | |||
| 2011 | 7.86 | 6.85 | 6.89 |
| 2012 | 6.48 | 6.32 | 7 |
| 2013 | 6.7 | 6.95 | 7.15 |
| 2015 | 7.08 | 7.11 | 7.57 |
| 2016 | 7.5 | 8.73 | 8.79 |
| 2017 | 8.33 | 8.83 | 10.27 |
Bochum average property prices
In terms of buying housing in Bochum, it is losing popularity among foreign investors, since, according to various forecasts, the number of guests in the city will continue to decline, while the authorities will demonstrate a moderate increase in the flow of visitors. As a result, the real estate market in the city has become more relaxed and the supply has increased.
This is especially true for the lower price segment. Investors interested in buying local real estate will find a wide variety of options. In the center of Bochum and on the outskirts, there are really many apartments and houses for rent. Often, in the middle and upper price segment, objects offered for sale and rent at a similar price can differ significantly in quality and equipment. You should pay attention to this, because completely different apartments can be purchased for the same price.
The table shows the dynamics of demand for residential real estate in all areas of Bochum (compared to the previous year):
| District | Real estate demand dynamics (%) |
|---|---|
| Mitte (Center) | |
| Altenbochum | -11.6 |
| Gleisdreieck | 3.2 |
| Grumme | -1.5 |
| Hamme | -6.7 |
| Hofstede | 3.7 |
| Hordel | 0 |
| Kruppwerke | 1.8 |
| Riemke | 7.3 |
| Südinnenstadt | 4.5 |
| Wattenscheid (Wattenscheid) | |
| Eppendorf (Eppendorf) | -1.7 |
| Günnigfeld (Gunnigfeld) | 5.9 |
| Höntrop | 5.4 |
| Leithe | 0 |
| Wattenscheid-Mitte | 1.9 |
| Westenfeld (Westenfeld) | 3.6 |
| Nord | |
| Bergen / Hiltrop (Bergen / Hiltrop) | 6.8 |
| Gerthe | -1.8 |
| Harpen / Rosenberg | 1.8 |
| Kornharpen / Voede-Abzweig | 1.8 |
| Ost (Ost) | |
| Laer | 5.4 |
| Langendreer | 1.8 |
| Langendreer-Alter Bahnhof | -3.3 |
| Werne | 1.8 |
| Süd (Süd) | |
| Querenburg | 3.4 |
| Stiepel | 2.8 |
| Wiemelhausen / Brenschede | 1.6 |
| Südwest | |
| Dahlhausen (Dahlhausen) | -1.7 |
| Linden (Linden) | -3.2 |
| Weitmar-Mark (Weitmar-Mark) | 6.3 |
| Weitmar-Mitte | -3.2 |
Below is information of an introductory nature about the current offers of commercial real estate owners:
| Property object | Year built | Area, m2) | Profitability (%) | Absolute Income (EUR) | Cost (EUR) | Add. expenses (notary, purchase tax, broker's commission) |
|---|---|---|---|---|---|---|
| Commercial center | 1976 | 5523 | 6.2 | 618965 | 10000000 | 0.015 0.065 0.036 |
| Tenement house | 1995 | 1397 | 5.3 | 131474 | 2500000 | 0.015 0.065 0.048 |
| Supermarket | 2004 | 1300 | 7.8 | 136000 | 1750000 | 0.015 0.065 0.071 |
| Office building | 1995 | 935 | 6 | 121000 | 2200000 | 0.015 0.065 0.071 |
| Kindergarten | 2017 | 1100 | 5 | 201300 | 4026000 | 0.015 0.065 0.071 |
| Medical Center | 2017 | 4630 | 4.6 | 700000 | 15200000 | 0.02 0.065 0.048 |
| Hotel | 1993 | - | 6.2 | 890000 | 14355000 | 0.015 0.065 0.048 |
| Shopping center | 2015 | 1946 | 6.3 | 215924 | 3400000 | 0.015 0.065 0.036 |
| Nursing home | 2006 | 2160 | 6.8 | 335088 | 4900000 | 0.015 0.065 0.036 |
As you can see, commercial real estate in Bochum is quite expensive, since the city is large and densely populated. Regular supermarkets have the highest profitability indicators.
Prices for apartments in Bochum
The table below shows the current average prices for 1 m2 of apartment space in Bochum, North Rhine-Westphalia, Germany:
| Apartment area (m2) | Apartment cost (EUR / m2) | ||
|---|---|---|---|
| Bochum | North Rhine-Westphalia | Germany | |
| 30 m2 | 1.254,53 | 2.042,95 | 3.150,45 |
| 60 m2 | 1.336,91 | 1.881,07 | 2.814,27 |
| 100 m2 | 2.272,85 | 2.516,22 | 3.399,89 |
Below is a table showing the dynamics of prices for apartments with an area of 30 m2, 60 m2 and 100 m2 for the period from 2021 to 2021 in Bochum, North Rhine-Westphalia, Germany:
| Year | Apartment prices (EUR / m2) | ||
|---|---|---|---|
| Bochum | North Rhine-Westphalia | Germany | |
| 30 m2 | |||
| 2011 | 1.116,24 | 1.105,17 | 1.411,03 |
| 2012 | 1.274,46 | 1.135,91 | 1.690,04 |
| 2013 | 829 | 1.162,88 | 1.929,90 |
| 2014 | 1.056,71 | 1.360,52 | 2.233,51 |
| 2015 | 1.180,77 | 1.480,39 | 2.480,27 |
| 2016 | 849.9 | 1.514,14 | 2.552,38 |
| 2017 | 1.294,40 | 1.703,94 | 2.300,03 |
| 60 m2 | |||
| 2011 | 1.098,22 | 1.237,64 | 1.520,60 |
| 2012 | 1.062,40 | 1.181,21 | 1.596,73 |
| 2013 | 970.09 | 1.203,30 | 1.789,22 |
| 2014 | 1.037,83 | 1.328,17 | 2.044,30 |
| 2015 | 1.172,29 | 1.530,15 | 2.359,35 |
| 2016 | 1.061,77 | 1.569,80 | 2.396,09 |
| 2017 | 1.117,10 | 1.698,86 | 2.264,10 |
| 100 m2 | |||
| 2011 | 1.660,49 | 1.698,58 | 2.168,36 |
| 2012 | 1.333,57 | 1.747,04 | 2.261,62 |
| 2013 | 1.488,16 | 1.889,85 | 2.499,54 |
| 2014 | 1.576,98 | 2.060,31 | 2.754,88 |
| 2015 | 2.097,94 | 2.269,34 | 2.950,97 |
| 2016 | 2.043,81 | 2.347,77 | 3.022,58 |
| 2017 | 2.160,07 | 2.473,94 | 2.841,54 |
Apartments in Bochum are bought mainly by parents of students who came from abroad. Education in Germany is free, and buying your own apartment is more profitable than renting.
In addition, when the training is over, the student will probably want to find a job in a more promising and beautiful city or return to his home country, and then the apartment can be rented out to other students.In general, the demand for student housing in Bochum is consistently high, and the investor does not have to worry: the dynamics of the growth in prices for apartments and houses promises the possibility of a quick sale of housing at a higher cost in a few years.
In the popular Altenbochum area, around the very center of the area, there are many affordable long-term rentals and single-family homes in relatively quiet neighborhoods. If you buy such a property, then a house of 200 m2 with 9 rooms will cost an average of 480 thousand euros, including a balcony and a garden. There are also many apartments for sale around the main station at the moment, and we are talking either about luxury apartments in the city park, or about modest three-room apartments and shared student rooms. So, a modern apartment with 4 rooms with an area of 90 m2 will cost about 280 thousand euros.
The most affordable apartments are sold in Linden (Südwest District), Querenburg (Süd), Werne (Ost), Wattenscheid-Mitte (Wattenscheid) and Kruppwerke (Mitte).
The table below shows the average prices for apartments in Bochum districts, in which the owners are currently offering apartments for sale:
| District | Apartment prices (EUR / m2) |
|---|---|
| Mitte (Center) | |
| Altenbochum | 2.318,59 |
| Gleisdreieck | 1.507,26 |
| Grumme | 2.275,13 |
| Hamme | 1.614,14 |
| Hofstede | 1.561,57 |
| Kruppwerke | 1.311,39 |
| Riemke | 1.526,86 |
| Wattenscheid (Wattenscheid) | |
| Eppendorf (Eppendorf) | 1.906,34 |
| Günnigfeld (Gunnigfeld) | 2.311,61 |
| Höntrop | 1.862,73 |
| Wattenscheid-Mitte | 1.224,68 |
| Westenfeld (Westenfeld) | 1.596,65 |
| Nord | |
| Gerthe | 1.782,71 |
| Ost (Ost) | |
| Laer | 1.749,39 |
| Langendreer | 1.660,03 |
| Werne | 1.212,17 |
| Süd (Süd) | |
| Querenburg | 1.880,26 |
| Stiepel | 3.310,60 |
| Wiemelhausen / Brenschede | 2.316,88 |
| Südwest | |
| Dahlhausen (Dahlhausen) | 2.090,28 |
| Linden (Linden) | 1.371,84 |
| Weitmar-Mark (Weitmar-Mark) | 3.325,15 |
| Weitmar-Mitte | 2.293,27 |
Prices for residential buildings in Bochum
Average house prices in Bochum, North Rhine-Westphalia and Germany as of 2021:
| House area (m2) | House value (EUR / m2) | ||
|---|---|---|---|
| Bochum | North Rhine-Westphalia | Germany | |
| 100 m2 | 2.629,71 | 2.321,31 | 2.279,55 |
| 150 m2 | 2.662,26 | 2.174,40 | 2.160,83 |
| 200 m2 | 2.441,92 | 2.022,65 | 1.994,03 |
Trends in prices for private houses in Bochum, North Rhine-Westphalia and Germany from 2021 to 2021:
| Year | House prices (EUR / m2) | ||
|---|---|---|---|
| Bochum | North Rhine-Westphalia | Germany | |
| 100 m2 | |||
| 2011 | 1.760,95 | 1.705,42 | 1.698,23 |
| 2012 | 1.913,41 | 1.764,04 | 1.708,63 |
| 2013 | 2.051,94 | 1.866,69 | 1.793,78 |
| 2014 | 2.199,46 | 1.866,17 | 1.828,14 |
| 2015 | 2.088,44 | 1.935,06 | 1.940,94 |
| 2016 | 2.163,10 | 2.061,62 | 2.022,52 |
| 2017 | 2.225,00 | 2.121,68 | 2.274,81 |
| 150 m2 | |||
| 2011 | 2.014,32 | 1.706,30 | 1.703,78 |
| 2012 | 1.929,01 | 1.719,28 | 1.711,94 |
| 2013 | 1.935,06 | 1.762,81 | 1.734,94 |
| 2014 | 2.040,99 | 1.791,05 | 1.808,78 |
| 2015 | 2.191,56 | 1.807,95 | 1.855,61 |
| 2016 | 2.342,54 | 1.863,23 | 1.880,79 |
| 2017 | 2.350,02 | 2.007,15 | 2.289,63 |
| 200 m2 | |||
| 2011 | 1.708,15 | 1.509,33 | 1.434,58 |
| 2012 | 1.719,16 | 1.491,65 | 1.442,37 |
| 2013 | 1.480,90 | 1.573,32 | 1.498,98 |
| 2014 | 2.421,21 | 1.643,99 | 1.623,59 |
| 2015 | 1.951,25 | 1.609,90 | 1.686,10 |
| 2016 | 2.267,93 | 1.764,01 | 1.694,41 |
| 2017 | 2.050,70 | 1.761,42 | 1.976,40 |
The south side of Bochum is a particularly popular and dynamic residential area due to its proximity to the center and the presence of Lake Kemnader. Consequently, houses and condominiums in the most attractive locations are quite expensive.
In the west of the city, the price range for housing can be called moderate, and the variety of real estate exceeds the offer of areas in other parts of Bochum. In the well-stocked neighborhoods from Weitmar to Wattenscheid, there are residential properties for sale of almost every possible variation in terms of living conditions and prices. Therefore, here you can make the most successful purchase and sale transaction.
There are also excellent options for condominiums overlooking the Ruhr Valley, located in the Stiepel area - a construction of 190 m2 with 5 rooms will cost the buyer 700 thousand euros.
A house with 8 rooms will cost no less than 1 million euros. For comparison: in the Riemke district for a 5-room condominium with an area of 100 m2, the owner asks for about 130 thousand euros.
The table below will help you get an idea of what the cost of real estate in Bochum is - here you will find the average prices for condominiums and private houses in different areas of this city:
| District | House prices (EUR / m2) | Condominium prices (EUR / m2) |
|---|---|---|
| Mitte (Center) | ||
| Altenbochum | 2.277,46 | 1.300,00 |
| Gleisdreieck | 4.090,55 | 1.100,00 |
| Grumme | 2.975,32 | 1.700,00 |
| Hamme | 2.041,78 | 1.000,00 |
| Hofstede | 2.701,39 | 800 |
| Hordel | 1.869,01 | 1.000,00 |
| Kruppwerke | 2.002,01 | 950 |
| Riemke | 2.600,45 | 1.300,00 |
| Südinnenstadt | 3.390,94 | 1.450,00 |
| Wattenscheid (Wattenscheid) | ||
| Eppendorf (Eppendorf) | 2.945,30 | 1.500,00 |
| Günnigfeld (Gunnigfeld) | 2.320,33 | 1.100,00 |
| Höntrop | 2.304,11 | 1.350,00 |
| Leithe | 967.5 | 1.000,00 |
| Wattenscheid-Mitte | 2.484,95 | 1.100,00 |
| Westenfeld (Westenfeld) | 1.642,13 | 1.050,00 |
| Nord | ||
| Bergen / Hiltrop (Bergen / Hiltrop) | 2.610,98 | 1.200,00 |
| Gerthe | 1.939,14 | 1.400,00 |
| Harpen / Rosenberg | 2.424,80 | 1.250,00 |
| Kornharpen / Voede-Abzweig | 1.674,44 | 1.700,00 |
| Ost (Ost) | ||
| Laer | 3.510,75 | 1.300,00 |
| Langendreer | 2.821,97 | 1.250,00 |
| Langendreer-Alter Bahnhof | 2.750,55 | 1.200,00 |
| Werne | 2.162,59 | 1.250,00 |
| Süd (Süd) | ||
| Querenburg | 2.282,84 | 1.250,00 |
| Stiepel | 2.986,96 | 2.400,00 |
| Wiemelhausen / Brenschede | 2.747,84 | 1.650,00 |
| Südwest | ||
| Dahlhausen (Dahlhausen) | 1.930,55 | 1.450,00 |
| Linden (Linden) | 2.107,23 | 1.150,00 |
| Weitmar-Mark (Weitmar-Mark) | 2.983,81 | 1.600,00 |
| Weitmar-Mitte | 2.486,11 | 1.550,00 |
Conclusion
Given the balanced development of the city of Bochum and the attractiveness of residential and commercial buildings in the best, according to the population, places, real estate will be popular in the market in the future.
At the moment, supply significantly exceeds demand, and therefore there will be no problems with the choice of suitable buildings for buying and renting: now there are a large number of apartments in the middle price segment, houses from 100 to 200 m2 and condominiums. And if in other large cities there is a shortage of market supply and investors have to wait for the completion of new construction projects, then in Bochum interested buyers are spoiled for choice.
Meanwhile, the situation with low demand arose only because the city was underestimated and the flow of tourists has been declining for several years in a row. However, Bochum has enough advantages to write off its real estate market.
- Firstly, large universities and clinics always attract students and patients from other regions of Germany and from abroad.
- Secondly, there are enough fans of the cultural pastime, so lovers of theaters, music festivals, piano evenings and symphonic music will never stop coming here.
- Third, 15,000 businesses require a labor force, which is why the city remains popular due to its large number of employers.
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 Bochum:
Average rental price: 5.90 euros / m2;
Average cost of 1 m2 of housing: 1.350 euros;
Average house value: € 302,000;
Changes in property prices compared to last year (2021): 0.00%.
