Real Estate Market Report Cologne
The real estate market report Cologne of Rheingold Immobilien GmbH shows impressively: The popularity of Cologne real estate is unbroken.
Contents Real Estate Market Report Cologne
In the 9th Real Estate Market Report Cologne you will find:
- Rental prices of rental apartments in the three size categories.
- Offer prices of condominiums and houses.
- Notarized purchase prices of condominiums and houses.
The information covers:
- All of Cologne, i.e., all districts and neighborhoods.
In addition, the market report includes information on the following topics
- How is the market value determined?
- What valuation methods are available?
- What impact does Covid-19 have on real estate prices?
Enjoy reading!
The ninth Real Estate Market Report Cologne of Rheingold Immobilien GmbH shows impressively: The popularity of Cologne real estate is unbroken. Which districts are the most popular is impressively shown in the map display for rental and purchase offers in the city districts. In addition to the city center, the hotspot remains above all Cologne's southwest.
However, the market report also shows by comparing asking prices and actual sales prices that these are not necessarily the same. Where the differences come from is explained in detail in the market report. The different valuation methods are discussed, as are the strategies used by owners or brokers to enter the market.
Anyone who assumes that a notarized sales price is always lower than an offer price can be very mistaken in individual cases. Even if downward deviations are more common, strong upward deviations are also possible. Last year, Rheingold Immobilien and an owner were pleasantly surprised to find that the calculated value was exceeded by 38% for the first time in an individual case. Beautiful time for salesmen. A recent example from the period shortly after the relaxations of the Corona Shutdown also shows: demand is unbroken. In 20 viewings, there were 15 offers to buy. All above the asking price. In this case, too, a surplus of around 30% was achieved and only just won out over others. The seller is pleased with the value achieved.
A market report that is ultimately based on figures from the previous year is only worth half as much if current developments are not addressed. Of course, one topic is currently in focus: What influence does Covid-19 have on the real estate market in Cologne?
In the 8th Real Estate Market Report Cologne Southwest you will find out the offer and actual sales prices for property. In addition, the rental prices of rental apartments.
All Cologne districts in the boroughs of Ehrenfeld, Lindenthal, Rodenkirchen and Innenstadt are considered.
The analysis covers the following types of housing:
Houses
condominiums
small rental apartments 0 - 59 m²
medium rental apartments 60 - 119 m²
large rental apartments 120 m² - ...
In addition many trend statements and valuable background information.
Here you find an excerpt of the 8th real estate market report Cologne which you can read online. You can order the complete market report from Rheingold Immobilien as a reading copy (e-Book or print copy; the latter while stocks last).
Plots in Cologne
Are you looking for a building plot? You have a building plot and want to know what it is worth?
Building plots can be calculated quickly using the standard land value. This only has to be converted to your property using the market adjustment factors of the Cologne appraisal committee and then multiplied by the m² number. You already have the theoretical value of your building plot or the building plot what you would like to acquire.
The number of building plots sold in Cologne is so small that it is not worthwhile to include them in the real estate market report. In addition, we have made the experience that we have been able to record the highest lover values especially for building plots. Lover's values with up to more than 40 % above the calculated standard ground value.
Do you have a building plot for sale in Cologne? Then please do not hesitate to contact us.
(Condominium) apartments in Cologne
Are you looking for an apartment? For rent or as a condominium for sale?
Are you considering renting or selling your condominium and want to have an initial indicator of what it is worth?
In the Cologne Real Estate Market Report, you will find an overview for all districts of the city, showing the range of asking prices for rental apartments. Clearly arranged in the same size categories on which the rent index is based.
Condominiums are considered from both the supply side and the actual sales side in the districts. Notaries pass on all purchase cases to the expert committee. This results in the actual notarized purchase prices for condominiums.
While rental prices are usually implemented 1 to 1, there are different marketing options for purchase prices: At risk price - high above realistic value to the market, realistic to the market and offers that are sold in the bidding process significantly above price. Good to use notarized purchase prices as a good indicator of condos and their price range.
You have a rental apartment and are looking for a new tenant? You want to sell your condominium? Feel free to contact us!
Houses in Cologne
Are you looking for a house? For rent or for sale? A detached house, terraced house or a semi-detached house?
Are you thinking of renting or selling your house and want to have an initial indicator of what it is worth?
Based on the asking prices for rental apartments, you will get a first rough range of rental prices, whereas houses are mostly slightly above these prices.
Houses are looked at from both the supply side and the actual sale side in neighborhoods. Purchase cases reported by notaries to the appraisal committee yield the actual notarized purchase prices for houses.
While rental prices are usually implemented 1 to 1, there are different marketing options for purchase prices: At risk price - high above realistic value to the market, realistic to the market and offers that are sold in the bidding process significantly above price. Good to use notarized purchase prices as a good indicator of homes and their price range. You have a house and are looking for a new tenant? You want to sell your house (detached house, terraced house or semi-detached house)? Feel free to contact us!
Apartment houses in Cologne
Are you looking for an apartment building? Do you have an apartment building and want to know what it is worth?
The number of multi-family houses sold in Cologne is so low in terms of districts that it is not worth including them in the real estate market report.
Moreover, the frequently used gross yield factors are not very informative. Depending on the condition, location, rent and development potential of the property, the purchase price to be paid or achieved can vary widely.
Price ranges are between 8 times and 34 times the gross income rent.
Three-family houses: average: 24-fold, range: from 17 to 31-fold gross rental income
Apartment buildings: average: 24 times, range: from 15 to 34 times gross profit
Residential/commercial (<50% commercial): Average: 23 times, Range: From 17 to 28 times gross profit
Residential/commercial (<50% commercial): Average: 20 times, Range: From 15 to 25 times gross profit
Business/office building: Average: 20 times, Range: From 11 to 29 times gross profit
Other commercial properties: Average: 11 times, Range: From 8 to 14 times gross profit
Do you have a multi-family house with a maximum of 50% commercial property for sale in Cologne? Then please do not hesitate to contact us.