Cologne: Buy, rent & sell real estate
Buy, rent and sell real estate in Cologne – Cologne is located in NRW, the largest economic region in the whole of Europe. Accordingly, almost 20 million people living in the catchment area are drawn to the major cities of Cologne and Düsseldorf.
Cologne itself is best known for its media industry, with some of Germany’s largest private television stations based here. In addition, there are many other media-driven companies, radio stations, marketing agencies and there are major events, from sporting events, to the legendary Cologne Carnival, to the Cologne Fair City. Over 1 million inhabitants, a catchment area of x20 and a flourishing economy.
At the same time, the real estate stock in Cologne is relatively “simple” and not really modern. However, this brings a win-win situation that rarely exists. Sellers of apartments, houses and land can achieve good sales prices and at the same time, buyers can calculate with relatively high returns, by the large economic area around Cologne and especially in the north, all of NRW.Our advantage? One partner, large network for real estate in Germany. More about our real estate agents. Buy, build, rent, sell, laws, taxes & Co. – Welcome to Cologne.
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Buy in Cologne
More and more people decide to buy a property in Cologne. Whether it is a house or a condominium, the purchase prices have risen sharply in recent years. Many buyers also rely on real estate as a capital investment or buy land and build new.
More on the subject of buying in Cologne in a moment. Here is an overview in advance, with further information and tips.
- Buying real estate
- Buy apartment
- Buy a house
- Buy apartment house
- Buy a villa
Buy a holiday home - Buy land
- Off market
Selling in Cologne
Are you planning a house sale in Cologne or the sale of your apartment? We show you why now is a good time! If you own a condominium or a house in Cologne and its districts and want to sell the property, you should take advantage of the current favorable time. In this article you will learn everything about the process, the most important tips and the different districts and neighborhoods of the megacity Cologne.
You want to sell your property in Cologne? More on this in a moment, after the buyer tips. You can find more articles and tips here.
Cologne: city, map and location
Cologne – With over 1 million inhabitants, the media metropolis on the Rhine is one of the hubs in NRW, but also in Germany. Located in western Germany, the city borders other metropolitan areas such as Düsseldorf and Bonn. The media city is located directly on the Rhine and can be divided into different parts and districts. Neighboring cities are, among others, Düsseldorf, Bonn or Leverkusen.
Due to the good economic situation, the good infrastructure and the increasing relevance as a media city, more and more people are attracted to Cologne. Apartment prices have been rising continuously for around 10 years. Of course, the areas around the city centre and the inner city ring are particularly popular. Cologne is extremely interesting as an economic location due to its proximity to large cities such as Bonn and Düsseldorf. The media city also serves the entire catchment area of NRW and Frankfurt. Accordingly, international companies are settling here, as in Südstadt. Another advantage for Cologne as a real estate location for you, as a potential investor.
If you decide to buy a house or an apartment in Cologne, the differentiation of the different locations is quite simple. Here you still need to remember: The more central, the better.
Facts about Cologne:
- Population: 1,087,863
- Ø Income: 21 608 €
- Comparison Germany: € 47,928
- Area: 405.02 km²
- Districts: 86
- Special features: Media Center of Germany
Cologne districts
Popular districts in Cologne are:
Cologne at a glance: City area
Cologne is a city in the German state of North Rhine-Westphalia and is located in the west of the country. The megacity borders directly on the Rhine and is about 1.5 hours away from the Dutch border. The city has an area of 405 km² and is divided into several districts.
Cologne in North Rhine-Westphalia:
Cologne city center and city area:
Buy in Cologne
Anyone moving to Cologne or looking for a property with stable value needs a good advisor. It’s about researching properties with suitable parameters from the plot of land to the building fabric. Then it’s on to viewings, negotiations and of course everything to do with the purchase contract and the estate agent.
Cologne consists of 2 sides. On one side is Cologne’s city centre, and on the other side of the Rhine are districts such as Deutz and Mühlheim. Properties on the city centre side are more sought after, the other side offers cheaper purchase prices, but is also less attractive for tenants and resale.
If you walk a little tour through the city and take your time to look at the individual properties, you will quickly see that especially in the 70s was built up quickly. Some corners are modern, for example the way from the Cologne Cathedral to the Mediapark (formerly the headquarters of the major media companies).
Buy property:
- Buying real estate
- Buy apartment
- Buy a house
- Buy apartment house
- Buy a villa
Buy a holiday home - Buy land
- Off market
Investing in Cologne: Prices and Yields
With its proximity to Düsseldorf, Frankfurt, but also its relative proximity to Paris and Hamburg, Cologne is very attractive. So attractive, in fact, that it now ranks second in the recommendations for capital investments in real estate, particularly interesting in its appreciation for existing properties, but also for new buildings.
Real estate portfolio in Cologne:
- Number of residential buildings in Cologne – 137,773
- Number of single-family homes in Cologne – 68,965
- Number of apartments in Cologne – 558,000
- Housing stock in Cologne city centre – 81,335
- Number of completed apartments in residential and non-residential buildings in Cologne – 3,923
- Vacancy rate for apartments in Cologne – 1%
The metropolis on the Rhine is becoming increasingly interesting for investors and apartment hunters not only because of its booming economy, but also because of its varied real estate market. Cologne does not even appear in the ranking of the most expensive cities. Rents are also (still) relatively cheap, Cologne is even behind Berlin.
The city itself has suffered greatly in the Second World War, so the real estate structure is also different from those of other cities. The advantage, here is still a lot of potential for investors and capital investors. Here is a first, a leading look at the Cologne real estate market.
Read more here:
Architecture, lawyers and furnishings
In Cologne there are many renowned architects, lawyers and shops for the furnishing of your property.
Furnishings: Shops Lamps & Light Garden Center - Architects
Real Estate Attorney
Selling in Cologne
For sellers, the real estate market is currently particularly favorable. Because the demand for houses and condominiums has reached a record level. Especially Cologne and the surrounding area is becoming more and more popular and the rate of immigration is increasing. Accordingly, the demand is also high.
Another reason why now is a good time to sell your property is the increasing shortage of housing in large cities. The demand for real estate in urban areas is currently very high. This is because more and more people are moving their jobs to cities. In addition, the influx from abroad is currently particularly high due to the shortage of skilled workers in some industries. Single households are therefore in high demand, which is why it is worth selling smaller apartments in cities.
For the successful and profitable sale of a property, however, it is always a matter of a well-founded and realistic valuation. This ultimately determines the sales price to be set. In the next step, real estate agents bring your property to solvent interested parties.
Selling Real Estate:
Property value in Cologne
Unfortunately, the forecasts and real estate statistics do not reveal whether the demand for a home in cities will continue in the future. In any case, the fact is that now is a good time to sell a condominium or a house. A good and competent real estate agent will support you in this extensive process, which begins with the valuation and extends to the handover of the property.
In preferred locations such as the Hahnwald, one can already demand on average: 4,900€/ km². However, prices vary in different areas and are different depending on the location. Should you want to sell a property, an examination by appraisers & experts makes sense.
Real estate agencies estimate the value of your condominium or
Living in Cologne
With its geographical proximity to banking metropolis Frankfurt and fashion capital Düsseldorf, Cologne has become home to many in business and the media. Cologne is considered particularly modern, individual and up-and-coming. While more and more clubs, bars or galleries for young adults and students are opening in some neighbourhoods, the quiet and affluent areas on the outskirts of the city are also spreading out. In Cologne, you are offered a wide range of properties in different locations.
A tour of Cologne Cathedral and the city centre:
Living in Cologne: City, Mediapark and Rheinauhafen
Cologne stands for media, TV and press like no other city in Germany. That’s why the metropolis on the Rhine is constantly growing. Südstadt, Altstadt, Ringe, Ehrenfeld or Sülz, where is the best place to live?
Hardly any other large city in Germany offers so much “room for improvement”. From the purchase price to the architecture of the existing property. Whether condominium, apartment building or luxurious loft with a view of the Rhine. Cologne has enjoyed steadily growing popularity for years. The most beautiful city on the Rhine really does have something to offer everyone. The stately old buildings in Südstadt and the famous area around Rheinauhafen are particularly impressive.
Cologne offers different districts for different age groups:
- Old Town North & South: Businessmen
- Rodenkirchen: Quiet and secluded
- Neustadt: Rather young people, students
- Cock Forest: Quiet, Prosperous
- Lindenthal: Close to the city and quiet
- Pulheim: Security and villas
- In no time at all in the city centre
- Proximity to nature and parks
- …
Tips:
- Price per square metre Cologne
- Current:
Weather in Cologne
The city with over a million inhabitants not only attracts thousands of visitors at carnival, but also more and more people decide to buy an apartment or a house in the versatile metropolis. Cultural diversity, openness and affordable prices make the city in NRW very popular. Whether it’s Hamburg, Frankfurt a.M. or Munich, Germany’s major cities have a lot to offer. What else Germany has to offer, we reveal to you here.
Real estate market Germany
In recent years, Germany has become a popular place to live for people from all over the world. Safety, infrastructure, a large cultural offer, a central location in Europe and attractive living attract families, couples, singles and students to the large and small cities of the economically strong country. Besides Cologne, the most popular cities to live in are Berlin, Hamburg, Munich, Düsseldorf and Frankfurt am Main.
Read more:
Here are 2 more interesting top 10 rankings, by purchase price and rental price:
Düsseldorf: Investing in NRW
Düsseldorf stands for luxury, shopping and an internationally positioned local economy. High-fashion companies have their headquarters here, but also the state government of NRW. The Düsseldorf real estate market is therefore very sought after. As you will see later, Düsseldorf is currently the city with the greatest potential for investors, followed by Frankfurt and Cologne. Above all, NRW is gaining favour with buyers due to its central, European location, fashion, culture and architecture.
The large city in North Rhine-Westphalia, is currently experiencing a strong influx. In this respect, properties for sale are popular and you can achieve a good or very good purchase price.
Buy and sell real estate in Düsseldorf:
Frankfurt am Main: Only 1:15 h away
Rents and purchase prices for real estate in Frankfurt am Main are among the most expensive in the whole of Germany. At the same time, the prices per square metre in Frankfurt’s city centre are naturally often quite different from those in the neighbouring districts. Particularly in the city centre and in the districts along the Main, prices for buying property are very high. The high price level has long since spread to the outer city limits and to the surrounding countryside.
As elsewhere in Germany, the basic demand for single-family homes is also particularly high for Frankfurt am Main and the surrounding area. However, this is contrasted by official urban planning in Mainhatten. There, the focus is clearly on the construction of multi-family houses or the designation of corresponding building areas. The “green sauce” of sprawling single-family home developments will remain the exception – probably also due to the lack of buildable areas.
Buy and sell real estate in Frankfurt am Main:
Capital investment: Real estate in Germany
Get to know more interesting big cities in Germany:
Tip. Our article for investors who are buying in Germany for the first time:
Investment in Germany
