Real estate market and investment potential Victories
The university town of Siegen is a modern district town in the state of North Rhine-Westphalia. Large parts of the city area are covered by forest and green areas. After the administrative reform in 1975, the population increased to more than 100,000. This was the first time That Siegen was able to call itself a big city.
Siegen is one of the oldest industrial areas in Europe. With the decline of mining in the region, a long structural change began. In the meantime, the city is a thriving business location and at the same time a strong service and trade center in South Westphalia.
The painter Paul Peter Rubens was born in Siegen. Therefore, the city gave itself the nickname Rubensstadt. Eight original paintings by the famous artist can be admired in the Siegerland Museum. The museum is located in the Upper End and is an example of the multifaceted art and culture offer. Other hotspots include the Siegerlandhalle and the Apollo Theatre as home to the Philharmonie of South Westphalia. In addition, numerous clubs, sports facilities and baths enrich social life and offer a wealth of leisure opportunities.
As an educational location, Siegen offers a wide range of schools and other educational institutions. The present university emerged from the Wiesenbauschule, founded in 1853. It attracts around 18,000 students to the city every year. With these facts, Siegen makes itself interesting for investors. The investment in apartments and commercial real estate is equally promising.
In terms of population, Siegen is the smallest major city in North Rhine-Westphalia. Siegen achieved the status of a city for the first time through the administrative reform of 1975. In the meantime, the population fell below this mark, but this trend reversed. Immigration also contributed to an increase in births.
According to statistics, 101,863 people currently live in Siegen, which is only 0.48 fewer than in the previous year. These figures suggest a stabilisation of the population, which contributes to the planning certainty of investment in investment properties.
Siegen has a total area of 114.69 km2. According to this, 888 inhabitants share one square kilometer. The population is made up of people of different nationalities.
As far as transport links are concerned, Siegen has a well-developed infrastructure. Directly on the city area there is a junction to the motorway 45 and the motorway 4 is easily accessible via the road network in a short time. In addition, the city is crossed by federal roads 54 and 62. It is precisely this excellent connection that is an economic location advantage and speaks for the investment in commercial real estate.
In addition, public transport by buses and trains ensures the mobility of the population. The city area is connected to the regular network of the city bus service, various bus lines connect the city with neighboring towns. Siegen station is located at the interface of several railway lines and is served by trains of the Regionalbahn and the Regionalexpress. Access and exit is possible at several stops within the city area.
Which location factors support investment in commercial real estate? In recent decades, Siegen has developed from a mining region to an attractive location for the metal industry. The main pillar of the business location is mainly medium-sized companies in the metalworking industry. According to economic data from the city administration, a total of 78 companies with more than 20 employees in this sector were based in Siegen in 2017. This includes Fuchs Schraubenwerk GmbH, which is one of the world market leaders in its industry with around 200 jobs. For August 2018, the Office reported an unemployment rate of 5 for victories.
When it takes economic development, the city focuses on securing the location and resettling innovative companies that are strong in terms of employment and value creation. The planning, development and marketing of commercial premises is also used for this purpose. Against this background, commercial real estate in Siegen is recommended as a long-term investment.
The city of Siegen is divided into six districts, each with several districts. The following areas emerged as top residential areas:
Top residential locations:
Forecasts and rental mirrors:
The current stock of properties in Siegen is given as 24,437 buildings. Of these, 23,500 are residential buildings without a dormitory. Another 902 buildings offer living space and are used for other purposes at the same time. The number of inhabited accommodations is 35, dormitories do not exist.
Do you have any questions or would like to test the real estate franchise?
The growth of the city of Siegen is continuing. This is ensured by economic factors such as the existing industry (metal industry) or the increasing number of students at universities. Siegen is an attractive location for the metalworking industry industry. The rate of unemployment in Siegen has been in place for years and the federal average. This also leads to more people coming to victories. This population growth is also reflected in the very low vacancy rates of about 3.
Siegen remains an interesting investment location for residential real estate. Even though prices are already at a fairly high level, an increase is still to be expected. For these reasons, an investment in siegen can still be expected to generate solid returns.
The E1 Investments concept offers a proven system for the solid development of a business as a broker and owner of a real estate business. E1 Real Estate has the infrastructure and operating systems that enable us to offer first-class services with a team of brokers. You are investing in the market of the future.
| City of | Siegen |
|---|---|
| Residents | 101863 |
| Area in km2 | 114.69 km2 |
| Ew./km2 (2016) | 888 km2 |
| Änd. [] (previous year) | •0.48 |
| Big city-first in | 1975 |
| State | of North Rhine-Westphalia |
| Economic focus on | the metal industry |
| Unemployment rate | 5.0 (8/2018) |
| Top residential areas | Volnsberg, Obersetzen, Feuersbach, Gosenbach, Breitenbach, South |
| Vacancy rate | 3.1 (2015) |
| Rental mirror | 60m2 7,05€ |
| Buildings with living space and inhabited accommodation inthe al. | 24437 |
| Number of single-family houses (detached buildings, semi-detached houses, terraced houses with exactly 1 apartment; only residential buildings) |
12269 |
| on all residential buildings | 52,20851064 |
| including: in detached building | 8369 |
| on all residential buildings | 35,61276596 |
| Residential buildings below: which are divided into condominiums |
2641 st. 11.24 |
| on all residential buildings | 35,61276596 |
| Residential buildings below: which are divided into condominiums |
2641 st. 11.24 |
| of which: the municipalities or municipal whg. companies own | 204 0.87 |
| construction Residential building built before 1919 | 16.8 |
| Residential building built from 1950 to 1969 | 38.26 |
| Residential building built in 2000 or later | 5.14 |
With just one shop, you’re in the fast lane! Get in touch now!
Real estate prices analysis for 80 locations throughout Germany
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
Stay up to date
Successful sale of investment properties: discover the advantages of E1 Holding What are the challenges in the real estate brokerage of investment properties? 📍 The
Empowering Your Real Estate Career through Franchise Success Stories How Real Estate Franchise Transforms Lives Franchisee Spotlights Achieving Remarkable Results in the International
Welcome to E1 Plus The Off-Market Real Estate Platform Are you a real estate broker, owner, or investor looking for a discreet and efficient way
Real Estate Investment Overview in China Real Estate Prices in China 2023 Exploring the Property Market China’s real estate market is one of the most
Off-Market Properties in the United States: Hidden Treasures Revealed Property Investment in the United States Ultimate Property Investment Guide for International Investors 2023 Are you
The Global Database of Real Estate Investors international Welcome to PropertyAcquisitions Your Trusted Partner for Fast and Secure Real Estate Sales Are you looking to
Discover the numerous benefits of joining the E1 Real Estate Franchise Benefits of Joining E1 Real Estate Franchise Thriving in the Global Real Estate Market
The Global Off Market Real Estate CRM OFF MARKET REAL ESTATE MAXIMIZE YOUR INVESTMENTS WITH E1 PLUS In the world of real estate, off-market properties
E1 Plus – Sign Up for Free! Unveiling Exclusive Off-Market Real Estate Welcome to our blog post about E1 Plus – the innovative platform for