Property prices in Essen and location analysis
The Ruhr area city of Essen an der Ruhr, generally short Essen is located in the centre of the Rhine-Ruhr metropolitan region. In North Rhine-Westphalia, Essen is the fourth largest city in Germany, with a city area of 210 km2 and a population of just under 590,000.
Since the end of the 1940s, Essen has been widely known as a shopping city in the Ruhr area and as the European Capital of Culture in 2010. The city of Essen is characterized by numerous commercial, commercial and office properties. The development of the last 10 to 20 years was marked by the transformation of the coal and steel coal and steel industry into high-tech and service. The two DAX companies E.ON and RWE are headquartered in Essen, as well as other companies listed on the MDAX. Hotel properties Essen are just as attractive to the investor as residential buildings and residential complexes, for example in the Margarethenhöhe district.
Essen is literally surrounded by big cities such as Oberhausen, Mülheim an der Ruhr, Bochum or Gelsenkirchen. The Zollverein colliery from the last century has been revitalised into a UNESCO World Heritage Site as a well-known event location. As a matter of industrial change, the real estate situation in Essen for investors as well as for residential property for self-use has changed considerably. Institutional investors find a wide range of opportunities in trade and commerce. Outer districts such as Kettwig, Werden, Heisingen, Kupferdreh and Bredeney have developed into sought-after residential locations.
The property prices in Essen are significantly influenced by the almost ideal transport infrastructure. The two motorways A 40 and A 52 run literally across the city. Via the A 52, the car driver reaches Düsseldorf Airport in half an hour’s drive. The Essen/Mülheim airport is located directly on the border with the neighbouring town of Mülheim. Essen is an ICE station of Deutsche Bahn AG. The public transport is tightly meshed with bus, S-, U- and tram seng eneamated into every part of the city. All connections can be used uniformly with the tariffs of the Rhein-Ruhr VRR transport network.
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The Essen real estate market, which is also expanding at the beginning of the 2020s, can be convincingly explained by some figures and data
– the vacancy rate for rental apartments is constant at just over three percent, with a trend downwards rather than upwards
– at the turn of the year 2019/2020, the unemployment rate was at an all-time low of less than ten percent
– in the case of trades, the number of registrations is visibly above the deregistrations
– disposable income per citizen is well over 20,000 euros/year
– Residential property costs up to just under 10,000 euros depending on the size and location of the local location from 1,800 euros/m2 upwards
– for the modernized existing property, the purchase price starts at just under 3,000 euros/m2
– Rented living space is offered from 9 to 10 Euro/m2 cold rent for the small apartment, open to the top up up to 15 Euros and more in an exposed residential location on the outskirts of Essen as well as in a direct city location if available there
As The 2017 European Environmental Capital, Essen has succeeded in combining environmental protection and economic growth into an outstanding quality of life for its inhabitants.
The 1A residential areas in the districts of Bredeny, Heisingen, Kettwig and Werden are like a junktim with Lake Baldeney as a food recreation destination within sight of Villa Hügel. The Essener Promenade Rüttenscheider Straße offers pure gastronomy and lifestyle. It connects Bredeney with the main railway station for several kilometres. This strand is mainly used to alternate idyllically located residential and state-of-the-art office properties. The werden district is a mix of historic old town and loose development with trade and trade, while Kettwig is densely built up with apartment buildings.
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With the SIP, special investment programme 2030, Essen wants to shape the cityscape in a forward-looking way through a variety of new construction measures on urban land. These are the best prospects for the investor to participate in new real estate or in energy-renovated existing properties. The Essen concept for the promotion of housing construction “Analysis 2025 on real estate and housing demand as well as strengthening publicly funded housing construction” is considered a promising project.
Conclusion:Food offers a lot of opportunity to build, buy and invest in the new decade.
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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.
Sportplatzweg 4, 65201 Wiesbaden
Phone: +49 (611) – 710 97 36
Fax: +49 (611) – 710 97 37
Mobile: +49 (175) – 911 68 85
Purchase of Real Estate Essen
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E1 Holding offers location analysis for real estate for almost 100 cities nationwide in all federal states. Our well-trained experts for real estate and investments as well as off-market real estate in various locations and sizes take a professional and authentic look at the real estate market at the respective location. In doing so, we determine realistic and continuously updated real estate prices depending on the market situation as well as a corresponding real estate forecast. We are constantly expanding the list of alphabetically ordered locations and intensively expanding the data base for more and more cities. In addition to investors and investors with budgets of all sizes, our nationwide location analyses are also valuable for housebuilders when deciding on a location. Click here
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Weststraße 117, 59227 Ahlen
Phone: +49 (2382) – 94 00 900
Fax: +49 (2382) – 94 00 901
Arentestr. 15, 26607 Aurich
Phone: +49 (4941) – 950 13 113
Mobile: +49 (171) – 124 53 20
Flötnerweg 26, 13437 Berlin
Phone: +49 (30) – 32 60 11 71
Mobile: +49 (176) – 221 37 206
New Kantstr. 15, 14457 Berlin
Phone.: +49 (30) – 322 00 410
Mobile: +49 (177) – 308 39 67
Rotkamp 25, 33739 Bielefeld
Phone: +49 (5206) 70 77 417
Fax: +49 (5206) 70 51 384
Mobile: +49 (152) 54 21 71 14
Mohrenstrasse 11, 96450 Coburg
Phone: +49 (9561) – 853 44 44
Mobile: +49 (171) – 466 14 19
Von-Der-Tann Straße 18, 44143 Dortmund
Phone: +49 (231) – 187 159 96
Fax: +49 (231) – 187 159 46
Mobile: +49 (162) – 2000 886
Liebknechtstraße 8, 99085 Erfurt
Phone: +49 (361) 211 43 81
Fax: +49 (361) 211 43 82
Mobile: +49 (1520) 188 94 25
Schillerstraße 27, 88453 Erolzheim
Phone: +49 (7354) – 937 400
Mobile: +49 (163) – 309 77 51
Europa-Allee 73, 60486 Frankfurt am Main
Phone: +49 (69) 707 982 11
Fax: +49 (69) 707 798 222
Mobile: +49 (174) 163 28 18
Sandscherbenweg 6, 21629 Neu Wulmstorf – Hamburg
Phone: +49 (4841) – 77 99 25
Mobile: +49 (173) – 750 69 32
Bethlehemer Str. 66, 50126 Bergheim
Phone: +49 (2271) – 981 565
Mobile: +49 (1525) – 42 44 776
War Road 5, 76137 Karlsruhe
Phone: +49 (721) – 204 964 91
Mobile: +49 (172) – 713 40 65
On the Nunnwiese 7, 55278 Köngernheim
Phone: +49 (6737) – 711 70
Fax: +49 (151) – 156 35 049
Dynamostr. 13, 68165 Mannheim
Mobile: +49 (151) – 588 196 27
Friedrichsplatz 14, 68165 Mannheim
Phone: +49 (621) 49 499 521
Mobile: +49 (176) 40 598 552
On the Steinern 19, 59519 Möhnesee
Phone: +49 (2925) 910 99 71
Fax: +49 (2925) 910 99 05
Mobile: +49 (170) 588 53 70
Ostendstr. 159, 90482 Nuremberg
Phone: +49 (911) 541520
Fax: +49 (911) 54 16 34
Mobile: +49 (151) 232 92 670
Brockmannweg 24, 49205 Hasbergen/Osnabrück
Phone: +49 (5405) 961 93
Fax: +49 (5405) 961 94
Mobile: +49 (172) 264 5850
Steinweg 33, 01445 Radebeul
Phone: +49 (351) 27 22 188
Fax: +49 (351) 27 22 189
Mobile: +49 (171) 931 39 37
Asternweg 7, 65510 Hünstetten
Phone: +49 (6126) 95 32 36
Fax: +49 (6126) 58 98 02
Mobile: +49 (176) 626 048 48
Goethestr. 11, 77871 Renchen
Phone: +49 (7843) 9999 007
Fax: +49 (7843) 9999 001
Mobile: +49 (170) 528 93 50
Carl-Theodor-Str. 20, 68723 Schwetzingen
Phone: +49 (6202) 950 89 98
Fax: +49 (6202) 950 89 96
Mobile: +49 (172) 76 52 132
On Devil’s Island 28, 66386 St. Ingbert
Phone: +49 (6894) 99 84 982
Fax: +49 (6894) 895 04 39
Mobile: +49 (176) 238 63 270
Bruchhagen 38, 31595 Steyerberg
Phone: +49 (5032) 92 69 95 9
Fax: +49 (321) 21 03 94 67
Mobile: +49 (172) 511 38 79
Robert-Bosch-Straße 11, 73079 Süßen
Phone: +49 (7162) – 30 50 642
Mobile: +49 (160) – 906 578 28
Christophstraße 24, 54290 Trier
Phone: +49 (651) – 978 78 0
Fax: +49 (651) – 978 78 78
Erich-Ollenhauer-Straße 33, 65187 Wiesbaden
Phone: +49 (611) – 710 97 38
Fax: +49 (611) – 710 97 37
Mobile: +49 (152) – 23 04 19 25
“Brahim Karao’lano-lu Cad” (Sbrahim Karao’lano’lu Cad.
Murat Sok No. 7/5, 34418 Istanbul-Ka’thane
Phone: +90 (212) – 280 00 21
Fax: +90 (212) – 280 03 21
Mobile: +90 (544) – 324 60 77
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