Real estate prices in Gelsenkirchen are influenced by several key factors, including location, economic conditions, and infrastructure developments. For instance, properties situated near the city center or close to major transport hubs typically command higher prices due to their accessibility and proximity to amenities. The economic backdrop of Gelsenkirchen, which has historically faced challenges stemming from the decline of coal and steel industries, affects demand levels. Areas undergoing revitalization or attracting new businesses, such as the development of the "Medio.Rhein.Ruhr" project, can see a surge in property values as the neighborhood becomes more desirable. Additionally, demographic trends, such as an influx of younger residents or families seeking affordable housing, play a crucial role in shaping the real estate market. Lastly, local government policies, such as zoning regulations and incentives for urban redevelopment, can either support or hinder property prices in various neighborhoods.