The district-free city of Bochum is an upper centre in the Ruhr area. It is a big city, which was mainly influenced by the upswing and decline of the mining and steel industry. In the 19th century, the large mines quickly attracted many workers to the rural region and the population grew rapidly. With the so-called mine extinction, a change in structure began. Large industrial companies such as Opel and Nokia came and went. Today, the economy is supported by the services, logistics and health sectors.
The working-class city sees its future as a location for services, technology and universities. The “Bochum Strategy” guide sets the course for further development up to 2030. The aim is to establish Bochum as a city with a sense of life, modern city management and as a talent forge in the Ruhr area. The current state of play and the city’s future plans also create opportunities for investors. Investments in commercial real estate and in properties with housing in Bochum are equally interesting.
The city already scores with an urban quality of life and has a moderate population growth. The flair of the city is also influenced by the atmospheric pub mile “Bermuda3Eck”, the art scene in the Ehrenfeld “Quarter Vor” and the monuments of industrial culture, such as the Hanover colliery. The German Mining Museum and the Planetarium are also well known throughout the region.
The landscape garden Stadtgarten with Tiergarten and the Kemnader See on the outskirts of Bochum are among the relaxing places in Bochum. Bochum attracts millions of guests with the musical Starlight Express. But the roller skate musical is just one of the hotspots on the cultural offer. This includes the renowned Schauspielhaus, the events in the Jahrhunderthalle, the Langendreer Cultural Station and much more. Bochum is a thriving university location with around 56,000 students per year.
Most of them study at the Ruhr-Uni-Bochum. A total of nine universities with headquarters or one branch are represented in the city. In addition, the city is home to numerous institutes for research and development, further education institutions and schools of all forms.
In 1858 Bochum was still six square meters in size and had a population of almost 9000. Through incorporations and immigration, the city grew steadily and reached the status of a major city for the first time in 1904. In the meantime, Bochum has expanded to an area of 145.66 km2, on which 364,920 people live. This population density of 2,505 inhabitants per square kilometre has changed slightly compared to the previous year, by 0.05 . This makes Bochum the sixth largest city in the state of North Rhine-Westphalia and an attractive location for fixed capital investments.
Residents, guests and investors in Bochum benefit from a high-performance transport network in Westphalia. Highways from all four directions cross the city. Bochum Central Station is an ICE station and is served by around 60 Euro and Intercity trains daily. Public transport is well developed and adapted to changing conditions. For the future-proof and economical interaction of bus and city rail lines, the city has just had route network reports prepared.
Real Estate Investor Bochum – E1 Holding | The main highways are:
The economic upheavals of recent decades have repeatedly meant the massive loss of jobs. In August 2018, the unemployment rate in Bochum was 9.1 , which is well above the national average of NRW. Two months later, at the end of October, the Employment Agency reported a quota of 8.4 . With 5,702 employees, Ruhr-Uni-Bochum is the largest employer in the city.
The economy is mainly based on the services, logistics and health sectors. Universities play an important role in further site development as a knowledge location and technologies such as IT security. Commercial real estate and land are already in place or planned. In addition, the city is creating fast internet for companies and private individuals across the country with the Gigabit City Bochum initiative. The ambitious plans and visions of the business developers offer good return opportunities in investing in investment properties.
The city of Bochum is divided into six districts, each divided into several districts. The most populous district is Bochum Mitte. In 2014, 2.7 of the living spaces in Bochum were empty. Interested parties for investments in apartments can assume a local comparative rent of €6.90 per square metre of living space, according to the rental mirror.
The following quarters are among the top residential locations:
In Bonn there are many charming neighborhoods, which are among the most popular residential areas of the city. These include the Bonn Valley Quarter, better known as the southern city of Bonn, Beuel-Süd, parts of the Brüser Berg and the Bad Godesberg with Mehlem, Muffendorf and the Rheinaue, which was incorporated in 1969.
The government district of Gronau, close to many authorities and the UN campus, is also very popular, the Postbank and the German Post have its headquarters in this district.
Furthermore, Ippendorf, Hoholz, the centre around the KoblenzGate and Poppelsdorf are very popular. Poppelsdorf in particular is close to the centre and offers popular nightlife options with many restaurants and cafés. With only 2.62 vacancies in 2017, Bonn is one of the cities with good real estate occupancy. At €9.67, the price per square metre is in the upper third in Germany and has risen steadily in recent years.
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The city of Bochum has 58589 buildings with living space and inhabited accommodation. Among them are 3 dormitories and 111 inhabited accommodations. The number of residential-only buildings without a dormitory is 56748. A further 1727 other properties also have housing.
Real Estate Investor Bochum – E1 Holding | The cityscape of Bochum is largely influenced by the former workers’ settlements in the vicinity of the mines. For example, about 40 of all residential buildings are single-family houses, namely 22643. Of these, 5163 are free-standing buildings. The city and municipal housing companies own 0.49 of all residential buildings with 276 units. There are 8358 residential buildings divided into condominiums, which corresponds to a share of just under 15. Around 13 of Bochum’s residential buildings were built before 1919. This includes the partly listed houses of the former miners’ settlements. Between 1950 and 69, almost 38 of the city’s residential buildings were built. From the year 2000, about 6 of the houses were built. This mixed structure of buildings of different years of construction offers a wide range of apartments as investment properties.
Find out more about real estate holdings in other cities, such as how to find out about real estate holdings in other cities, such as Berlin, Bonn, Gelsenkirchen or Reutlingen.
Although the city’s growth in business start-ups has slowed slightly (especially in the IT sector), the curve is still pointing upwards. Bochum is constantly growing and has the potential to grow even further in the future. The large companies located there and also the well-positioned medium-sized enterprises make the city an attractive location.
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Whether residential real estate, undeveloped land, long-term rented commercial properties, apartment buildings in need of renovation or special residential properties – E1 Investments is the first point of contact for the purchase of all kinds of properties nationwide and internationally.
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