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Krefeld Huls Nordrhein Westfalen

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Real estate insights for Krefeld Huls Nordrhein Westfalen

AspectSummary
Populationapproximately 57,000
Average Property Pricearound €2,500 per sqm
Rental Yield4.5% to 5%
Average Rentabout €10 per sqm
Occupancy Rateapproximately 95%
Capital Growth Rate2% to 3% per year
Property Taxaround 3.5% of assessed value
Transaction Costsabout 7% to 10% of purchase price
Expected ROIbetween 8% to 10% annually
Economic Growth Impactsteady growth, influenced by regional industrial activity

Krefeld Huls Nordrhein Westfalen FAQ

  • Is Krefeld Huls an affordable area to buy a home?

    Krefeld-Hüls, a district in the city of Krefeld in North Rhine-Westphalia, generally offers a more affordable housing market compared to larger metropolitan areas in Germany, such as Düsseldorf and Cologne. Property prices in Hüls have been observed to average around €2,500 to €3,500 per square meter, which is significantly lower than the more expensive neighboring regions. For instance, a three-bedroom apartment can often be found for between €180,000 to €250,000, appealing to both first-time buyers and families looking for space at a reasonable price. Additionally, the area has a mix of older homes and new developments, providing various options that can fit different budgets. The local amenities, such as schools and public transport, add to the community's attractiveness without driving prices up excessively compared to other areas in the region.

  • What are the average real estate prices in Krefeld Huls?

    In Krefeld-Huls, the average real estate prices vary based on property type and location within the district. As of late 2023, the price per square meter for residential properties typically ranges from €2,200 to €2,800, with single-family homes averaging around €300,000 to €500,000 depending on size and condition. For instance, a well-maintained three-bedroom house may be listed for approximately €400,000, while smaller apartments can be found starting from €150,000. Newer developments or properties in prime locations tend to command higher prices, reflecting the demand and desirability of the area. Additionally, historical buildings and larger family homes close to parks or public amenities often exceed €600,000. Overall, Krefeld-Huls presents a varied real estate market suited to different budgets and preferences.

  • How have real estate prices in Krefeld Huls changed over the past few years?

    Real estate prices in Krefeld-Hülser have seen a notable increase over the past few years, reflecting broader trends in the North Rhine-Westphalia region. In 2020, the average price for an apartment was around €1,800 per square meter, but by 2023, this figure had risen to approximately €2,300, marking an increase of nearly 28%. Single-family homes, which were priced at about €2,500 per square meter in 2021, have also seen a significant rise, with current prices hovering around €3,100. The surge in demand can be attributed to Krefeld's attractive suburban environment, improved transportation links, and a gradual influx of businesses moving to the area. Additionally, gentrification in nearby districts has further fueled interest in Krefeld-Hülser as people seek more affordable housing options while still being close to urban amenities. As a consequence, several newly developed residential projects are emerging, catering to both families and young professionals, driving the market even further.

  • What factors influence real estate prices in Krefeld Huls?

    Real estate prices in Krefeld-Hüls are influenced by a variety of factors. The location within the town is paramount; properties closer to amenities such as schools, parks, and shopping centers typically command higher prices. For instance, homes near the popular Hüls cemetery park are often more sought after due to their accessibility and scenic surroundings. Additionally, the overall economic conditions in the region, including employment rates and average incomes, play a significant role. The presence of industries and businesses in the area can lead to increased demand for housing. Infrastructure developments, such as improved public transport links to nearby cities like Duisburg and Düsseldorf, also enhance property values by making the area more attractive for commuters. Furthermore, the age and condition of properties significantly affect their market value; well-maintained historic homes in Hüls often fetch a premium compared to newer builds that may lack character. Local zoning laws and development regulations can either restrict or encourage new housing projects, influencing supply and pricing dynamics within the market as well.

  • What types of properties are most common in Krefeld Huls?

    In Krefeld-Huls, residential properties predominantly consist of single-family homes and townhouses, reflecting a mix of traditional and modern architecture. Many houses are characterized by their charming brick facades and well-maintained gardens, common in this suburban area. A significant number of properties are two to three stories high, often with spacious layouts that cater to families. Additionally, there are a few larger apartment complexes that accommodate multifamily living, typically located near public transportation and local amenities. The neighborhood features several green spaces, which further enhances the appeal of the residential properties, as many homes provide easy access to parks and recreational areas. Detached homes with built-in garages are particularly sought after, along with semi-detached houses that offer a balance between space and affordability.

  • Are property prices in Krefeld Huls higher than in nearby areas?

    Property prices in Krefeld-Huls are generally considered to be competitive compared to nearby areas. In recent years, the average price per square meter for residential properties in Krefeld-Huls has hovered around €2,200, which is often lower than in Krefeld's city center, where prices can reach up to €2,800 per square meter. The appeal of Krefeld-Huls lies in its quieter suburban atmosphere and proximity to green spaces, making it attractive for families. In contrast, areas like Düsseldorf, located approximately 30 kilometers away, typically see prices around €4,000 per square meter, reflecting its status as a metropolitan hub. Nearby cities, such as Mönchengladbach and Viersen, also show a range of prices that can sometimes exceed those in Krefeld-Huls, largely depending on their specific neighborhoods and amenities. Thus, while Krefeld-Huls offers a more affordable alternative, variations in prices can depend on specific locations and the types of properties available.

  • What is the trend for rental prices in Krefeld Huls?

    In Krefeld-Hüls, rental prices have been experiencing a gradual increase over the last few years. As of 2023, the average rent for a two-bedroom apartment has risen to approximately €10 to €12 per square meter, reflecting a core demand fueled by the area's proximity to the city center and local amenities. For instance, a recently renovated apartment in a popular residential block can command rents exceeding €1,000 per month, while older units or those located further from the center typically range from €800 to €950. The trend is further influenced by an increase in the population, as young professionals and families seek reasonably priced housing options. Additionally, investment in infrastructure and local services has contributed to the rise, creating a more attractive environment for potential renters.