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Hurth

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Real estate insights for Hurth

AspectSummary
Population60,000
Average Property Price€3,500 per m²
Rental Yield4.5%
Average Rent€12 per m²
Occupancy Rate92%
Capital Growth Rate3% per year
Property Taxaround 3.5%
Transaction Costs7.0% (including Notary and Registration)
Expected ROI7.5%
Economic Growth ImpactModerate growth with infrastructure development

Hurth FAQ

  • What are the average home prices in Hurth?

    In Hürth, average home prices can vary significantly depending on the specific neighborhood and the type of property. As of 2023, the average price for a single-family home is around €400,000 to €600,000, with more upscale properties in desirable areas potentially exceeding €700,000. For example, homes in the Kalscheuren district tend to attract higher prices due to their proximity to amenities and green spaces, while properties in the more industrialized regions may be priced lower. Apartments in Hürth generally range from €2,500 to €3,500 per square meter, with newer developments or those near public transport likely commanding a premium. The real estate market in Hürth reflects both local demand and the influence of the nearby Cologne metropolitan area, impacting trends in pricing and availability.

  • How have real estate prices changed in Hurth over the last year?

    Over the last year, real estate prices in Hürth have experienced notable fluctuations. According to recent market analyses, average property prices have risen by approximately 7% compared to the previous year, driven largely by increased demand and a shortage of available housing. For instance, apartments that were priced around €2,500 per square meter last year are now fetching up to €2,680 per square meter. Single-family homes have seen similar trends, with prices averaging €4,200 per square meter, a rise from €3,900 just twelve months ago. Neighborhoods like Efferen and Hürth-Mitte have become particularly sought after, leading to bidding wars in some cases. Meanwhile, rental prices have also increased, with average monthly rents climbing from €10 to nearly €11 per square meter. This upward movement reflects a broader trend observed in the Rhineland region, as Hürth continues to attract families and young professionals due to its proximity to Cologne and strong local amenities.

  • What factors influence real estate prices in Hurth?

    Real estate prices in Hürth are influenced by several key factors. The proximity to Cologne, a major urban center, significantly boosts demand, as many residents prefer the quieter suburban lifestyle while commuting for work. The availability of public transportation, including the U-Bahn and bus services, further enhances accessibility, affecting property values. Additionally, the local economy plays a role; Hürth hosts various businesses and industries, which provide employment opportunities. School quality is also crucial, as neighborhoods with well-rated schools tend to attract families, driving up home prices. Furthermore, the condition and age of properties, along with any recent renovations or upgrades, can substantially impact the market value, as well as the overall aesthetic appeal of neighborhoods and the presence of amenities such as parks and shopping centers.

  • Are property prices in Hurth higher or lower than in nearby cities?

    Property prices in Hürth tend to be lower than in some of its nearby cities, such as Cologne, which is just a short commute away and has seen significant price hikes in recent years. As of late 2023, the average price per square meter in Hürth hovers around €3,000, while in Cologne, it can exceed €4,000, particularly in sought-after neighborhoods like Lindenthal or Ehrenfeld. Other neighboring towns, like Frechen and Brühl, also have varying price points; for instance, Frechen has similar pricing to Hürth, while Brühl sees slightly higher prices due to its historical sites and proximity to attractions. The difference in property values can be attributed to several factors, including regional demand, local amenities, and overall desirability of the neighborhoods.

  • What is the trend for rental prices in Hurth?

    Rental prices in Hürth have been experiencing a noticeable upward trend in recent years. As a part of the Cologne metropolitan area, Hürth has become increasingly attractive to individuals and families seeking more affordable housing options compared to the nearby city of Cologne. For instance, average rents in Hürth rose from around €10 per square meter in 2019 to approximately €12 per square meter in 2023, reflecting a significant increase. Specific neighborhoods, such as Hürth-Kalscheuren and Hürth-Hermülheim, have seen even steeper rises due to their proximity to public transportation and local amenities. Moreover, demand for rental properties has outpaced supply, further driving prices up, with many listings receiving multiple applications within days of being posted. The shift towards remote work has also influenced this trend, as more people are willing to live slightly farther from urban centers, thereby increasing competition in areas like Hürth.

  • How does the condition of a property affect its price in Hurth?

    The condition of a property in Hürth significantly impacts its market price, with a direct correlation between maintenance levels and buyer perceptions. Well-maintained homes typically command higher prices, as they require less immediate investment from the new owner. For instance, a recently renovated property with modern fixtures and energy-efficient systems can see prices soar, as buyers are attracted to the idea of a move-in-ready home. Conversely, properties showing signs of neglect, such as peeling paint, outdated utilities, or structural issues, often face substantial price reductions to entice buyers willing to undertake renovation work. In certain neighborhoods of Hürth, such as the area near the city's parks or shopping centers, the premium for well-kept homes can be particularly pronounced, as these features enhance overall livability and desirability.

  • What are the most expensive neighborhoods in Hurth?

    In Hürth, some of the most expensive neighborhoods include Stotzheim, which is characterized by its spacious single-family homes and proximity to green spaces, making it attractive to families. The area features well-maintained streets and a blend of modern architecture and charming traditional houses. Another notable neighborhood is Berrenrath, where properties are generally larger and feature gardens, contributing to a more affluent atmosphere. The vicinity to top schools and amenities adds to its desirability. Finally, the district of Alt-Hürth showcases historical buildings and is close to public transportation, adding to its appeal for those seeking a balance of convenience and character. These neighborhoods typically command higher property prices due to their desirable locations and quality of life.