Over the past year, real estate prices in Velbert have witnessed a notable increase, driven by a combination of demand and limited supply. According to recent market analyses, the average price per square meter for residential properties has risen by approximately 8%, with some areas, such as the city center, experiencing even steeper hikes. For example, a three-bedroom apartment that sold for around €220,000 last year is now on the market for nearly €240,000. The single-family home segment has also seen significant surges, with properties listed in desirable neighborhoods fetching upwards of €400,000, compared to prices of around €350,000 a year prior. Additionally, the trend of remote work has led to an increased demand for homes with more space, further contributing to the upward pressure on prices.