Real Estate Sector Experiencing Unprecedented Heating up in Prices and Demand
In the heart of North Rhine-Westphalia, the city of Neuss is experiencing a significant surge in its real estate market. According to the 2020 Real Estate Market Report, published in the central information system of the Landes NRW (BORISplus) and available for free viewing and download here, the city is witnessing a remarkable growth in the turnover of used single and two-family houses, as well as condominiums.
The total turnover of used single and two-family houses increased by a staggering 24 percent, reaching €160.1 million in 2019. This growth was accompanied by a nearly doubling of the turnover of turnkey single and two-family houses, with 58 more sales recorded. The average purchase price for a used single or two-family house was around €430,000.
The condominium sector also saw a substantial increase, with the total turnover rising by 17 percent to approximately €71.3 million. Prices for condominiums have risen the most, with an 11 percent price increase compared to the previous year, resulting in an average price of around €2,170 per square meter of living space.
The prices for undeveloped residential building land have also increased significantly, with a 6 percent price increase compared to the previous year.
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For detailed information on current prices for condominiums and single and two-family houses in Neuss, as well as the Real Estate Market Report, contact the Real Estate Appraisal Committee in Neuss. Their contact information can be found on their homepage or by email at [email protected].
In conclusion, the real estate market in Neuss is thriving, with a clear increase in sales numbers for turnkey single and two-family houses and newly created condominiums. The city's growth is a testament to its appeal and potential for future development.
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