Commission-free Apartments to buy in Dortmund

Buy apartment: Dortmund

Probably the best-known godfather of Dortmund is Jürgen Klopp, a successful soccer coach with cult status from the traditional club and Bundesliga soccer team en Borussia Dortmund. Even people uninterested in soccer have long since become familiar with this name.

What many, however, do not know: The Technical University and several universities make the city the educational center of the Ruhr region and have earned Dortmund a reputation as a city of science.

However, you will look in vain for a "city center" district in Dortmund. During the Second World War, the old city center was almost completely destroyed. Only in the neighboring neighborhoods are there still a few old buildings, some of which have been lovingly and extensively renovated and restored.

Dortmund is still considered the green city of the region. A good 50% of Dortmund's area consists of green spaces and parks. In addition, there is a varied range of cultural and leisure activities for young and old.

Dortmund in transition

Whereas Dortmund used to be known primarily for steel, coal and beer, the largest city in the region and the Ruhr area has become an important and attractive service and technology location in North Rhine-Westphalia, where forward-looking industries - such as information technology, micro- and nanotechnology, logistics and robotics - have settled.
This "upheaval" has created new jobs in modern service companies in recent years. Dortmund's economy has since shown clear signs of a sustained upswing.

-Location factors for Dortmund

Population density
580,956 inhabitants

Unemployment
13.10% (37,470 inhabitants)

Disposable income of private households
17,333 € per inhabitant

Source: Federal Statistical Office, as of end 2011

Housing market for sale in Dortmund

Due to the structural change in Dortmund, there has been an increased demand for the purchase of a condominium for several years. Apartments that are offered commission-free are understandably in particularly high demand. In line with the increased demand, additional living space is continuously being created in Dortmund. Whether inexpensive 1-room apartments for singles, 4-room apartments for families or extravagant loft apartments in former industrial halls, the offer for the purchase of apartments in Dortmund is diverse. Brokerage-free offers from private owners are often few and far between.

Price development of condominiums in Dortmund

Due to the increased attractiveness of Dortmund, prices for condominiums have risen continuously over the past three years:

Outlook

Prices for condominiums in Dortmund are still below average property prices in Germany. However, the price trend for condominiums since 2011 clearly shows that Dortmund is becoming increasingly interesting as a location for both owner-occupiers and investors thanks to the economic conditions. Apartments offered for sale without brokerage fees are particularly popular. Due to the ongoing positive economic situation in general and in Dortmund in particular, we assume that this positive economic development will also be reflected in the real estate market in Dortmund in the coming years.

My tip:
Buy a condominium in Dortmund today at favorable prices and take the expected increase in value as a retirement provision! Especially if you have the great fortune to find the ideal property with no brokerage fees.