Real estate prices in Velbert are influenced by several key factors, including location, amenities, and overall economic conditions. Proximity to major cities like Düsseldorf and Essen enhances Velbert's appeal, driving demand for residential properties. The presence of good schools, parks, and shopping areas further raises property values, as families often seek neighborhoods that offer a high quality of life. Additionally, local economic factors such as employment rates and average income play a crucial role; a strong job market can lead to higher housing demand. Historical aspects, like the age and architecture of properties, also affect pricing, with period homes often garnering more interest. Furthermore, fluctuations in interest rates and mortgage availability can impact buyers' purchasing power, directly influencing market prices. Lastly, urban development plans and infrastructure improvements, such as transportation links, can create new opportunities or challenges in the real estate market.