Real estate market and investment potential Gelsenkirchen

Location analysis Gelsenkirchen: real estate prices and market forecast

General Real Estate Information about Gelsenkirchen

Gelsenkirchen has made some bad headlines in recent years: unemployment is high and the prospects are low. The cityscape is rather shaped by people who drink their beer at the kiosk in the morning. Loyalty to the local football club is characteristic. If you want to live in Gelsenkirchen, you can do it well. There is a lot of investment in schools, daycare centres and other infrastructure. The city itself is benefiting from the boom in neighbouring towns, but this has not yet been reflected in property prices. The local market is quite tranquil. As with many cities in the Ruhr area, Gelsenkirchen is the result of several territorial reforms, which have shaped the present urban area through a series of incorporations.

Residents key figures Gelsenkirchen

Gelsenkirchen currently has 262,528 people living on an area of 104.94 km2. This means that this city with 2,502 inhabitants per km2 is relatively densely populated. Compared to the previous year, Gelsenkirchen grew by 0.83. The city in North Rhine-Westphalia first achieved the status of a major city in 1903.

Infrastructure Gelsenkirchen

Gelsenkirchen is well connected to the motorway network. The main motorways are the A2 towards Amsterdam in one direction and Hanover in the other. The A40 , also known as the Ruhr Expressway, runs across the Ruhr area, as does the A42 and the A52.

Economy & Unemployment Rate Gelsenkirchen

The transition from a classic industrial and working-class city has been relatively difficult for Gelsenkirchen. The current economic situation is characterised by solar technology and services. At 13.1, the number of unemployed was relatively high in August 2018.

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Real Estate and Investors Key Figures Gelsenkirchen

Basic real estate data

Top residential locations in Gelsenkirchen are Ost, Buer, Schalke, Resse, Ückendorf and Bulmke-Hülen. The vacancy rate in Gelsenkirchen was still relatively high at 6.3 in 2015. To rent an apartment in Gelsenkirchen you have to pay an amount of 5.58 € per m2. Both figures are indications that the real estate boom has not yet really arrived in Gelsenkirchen.

Buildings and housing statistics

There are a total of 38014 houses in Gelsenkirchen that contain apartments. That’s 36788 homes in the classical sense. A further 1169 apartments contain apartments, both figures excluding the dormitories. In Gelsenkirchen there are 54 dormitories as well as 3 other buildings that contain living space.

Data on residential buildings in Gelsenkirchen

There are 4818 residential buildings divided into condominiums, which corresponds to 13.10 of all buildings in Gelsenkirchen. 947 apartments are in the hands of the municipality or municipal housing companies, which corresponds to 2.57 of all apartments in Gelsenkirchen. Before 1919, 19.46 of all dwellings were built. Between 1950 and 1969, 38.19 of all dwellings were built and in 2000 and later 5.45 of all dwellings.

Data on single-family houses in Gelsenkirchen

There are 13424 single-family houses in Gelsenkirchen, which corresponds to 36.49 of all residential buildings in Gelsenkirchen. Detached single-family houses number 2340, which in turn corresponds to 6.36 of all residential buildings in Gelsenkirchen.

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Investment in real estate: Forecast for Gelsenkirchen

The real estate boom has not yet really arrived in Gelsenkirchen. While the demand for apartments has already increased significantly in the neighbouring towns, in Gelsenkirchen it has remained relatively quiet. However, it is only a matter of time before the good infrastructure and cheap rents will attract commuters from the neighbouring Ruhr area cities. The prices here may be half what they would be in e.g. Dortmund or Düsseldorf. Unfortunately, the bad image still stands in the way of the city, but overall Gelsenkirchen is on the rise.

Assessment of the real estate market - Gelsenkirchen

If you want to invest in real estate in Gelsenkirchen, you should do so now. Prices are low, the market still holds some interesting objects and the actual growth of the city is still to come. This development also means a positive development of the real estate market.

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Year of

City of	Gelsenkirchen
Residents	547172
Area in km2	328.48 km2
Ew./km2 (2016)	1666 km2
Änd. [] (previous year)	0,62 %
Big city for the first time	1852
State of	Saxony
Economic focus	nanotechnology, IT, life science, tourism, plant construction
Unemployment rate	6.8 (8/2018)
Top residential locations	Loschwitz, Blasewitz, Striesen-Ost, Bühlau, Weißer Hirsch
Vacancy rate	2.1 (2014)
Rental mirror	(good location, from 76 m2, status: 2015) 7.99 € / m2
Buildings with living space and inhabited accommodation inthe al.	57159
Number of single-family houses (detached buildings, semi-detached houses, terraced houses with exactly 1 apartment; only residential buildings)	23865
on all residential buildings	43,13991323
including: in detached building	13697
on all residential buildings	24,75958062
Residential buildings below: which are divided into condominiums	8173 st. 14.77
including: the municipalities or municipal whg. companies belong to	80 0.14
construction Residential building built before 1919	24.2
Residential building built from 1950 to 1969	8.34
Residential building built in 2000 or later	10.73

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