ᐅ The situation in the real estate market... unbelievable
Created on: 12 Nov 2019 18:29
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Reinhard84.2
Hello everyone,
We are currently looking for a property in the Lower Rhine region, which is not a particularly sought-after area, but unfortunately, the prices are not any better than in eastern Germany. When calling several real estate agents, they mentioned up to 50 viewings scheduled for one property. This was for a standard semi-detached house with a somewhat larger plot. I get the impression that as soon as a house has a garden bigger than a chicken coop, the interest is incredible.
Of course, the municipalities are not designating any new building land, as that would spoil the surroundings… (to what extent that is still possible is left to their imagination). This naturally has the convenient side effect that existing building plots and older properties are insanely expensive.
You can probably wait half a lifetime for the supposed recession, falling prices, and available properties. It’s all frustrating and a real pity.
Thanks for listening.
We are currently looking for a property in the Lower Rhine region, which is not a particularly sought-after area, but unfortunately, the prices are not any better than in eastern Germany. When calling several real estate agents, they mentioned up to 50 viewings scheduled for one property. This was for a standard semi-detached house with a somewhat larger plot. I get the impression that as soon as a house has a garden bigger than a chicken coop, the interest is incredible.
Of course, the municipalities are not designating any new building land, as that would spoil the surroundings… (to what extent that is still possible is left to their imagination). This naturally has the convenient side effect that existing building plots and older properties are insanely expensive.
You can probably wait half a lifetime for the supposed recession, falling prices, and available properties. It’s all frustrating and a real pity.
Thanks for listening.
Winniefred14 Nov 2019 16:36To get back to the topic: What are the prices of properties you are interested in, or those that have interested you in the past?
Scout schrieb:
I don’t think anyone in Saxony is familiar with such conditions.We have Halle. That’s enough for us.It's like in many cities in the Ruhr area... The average price is moderate because the city is divided into neighborhoods nobody wants to live in, which are very cheap (similar to what you find in the eastern parts), and really desirable residential areas where everyone who can afford it wants to live (like in the western parts). Prices in these good locations rise accordingly, just like in all major cities.
But by the way, I wouldn't move to Duisburg either, as there are many much nicer places nearby.
But by the way, I wouldn't move to Duisburg either, as there are many much nicer places nearby.
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nordanney14 Nov 2019 17:22Scout schrieb:
Rheinhausen is a district of Duisburg. Criminal clans, mobile minorities from the northeastern Balkans, and poverty on the streets. Some partly run-down neighborhoods – a kind of Rhineland Mogadishu. I don’t think anyone in Saxony is familiar with such conditions.
Anyone who can avoid it doesn’t raise their children there. Wow! That’s like saying “All foreigners are child abusers and criminals.” Totally sweeping and populist. Rheinhausen (which used to be an independent town and still has over 70,000 residents) doesn’t only have bad areas. There aren’t just marauding migrants looting the streets.
You can pay around 400€ per square meter (about $430 per square yard) for building plots in Rheinhausen. Not bad for a partially deteriorated city, especially since some areas are in high demand.
I really enjoyed living there. Lovely neighborhoods, walking distance to the Rhine, lots of greenery, kids could always play outside (even at 10 p.m.). Great catchment area for Düsseldorf. As always, it depends on the location. You can move into run-down rows of houses, just like in ANY other city.
I'm starting to get a bit frustrated: of those who claim to know what life in Duisburg is like, how many actually live there? I don't just live in Duisburg, but specifically in Rheinhausen. And – here’s the surprising part – with children. And remarkably, they have so far managed to get through kindergarten, primary school, and even secondary school (grammar school). Yes, there are grammar schools there. And believe it or not, we live in a detached single-family house surrounded by greenery. And up to now, we have neither been robbed, assaulted, nor harassed by gangs, even though the kids, now teenagers, sometimes travel alone by bike late in the evening or at night. Hmm, how does that fit into the general perception of Rheinhausen?
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WilhelmRo14 Nov 2019 17:57Zaba12 schrieb:
Back then, that thing really cost 178,000 Deutsche Marks from the developer. Well, 1.5 floors without a basement on 100sqm (1,076 sq ft) with a bit of extra detail, but a semi-detached house.
When I think about the fact that now you can't even get a two-room condo for 90,000 euros.After 20 years, people still calculate 1 euro = 2 Deutsche Marks?Where is the 40% inflation? (2% * 20 years)
This is exactly why the old timers at the local pub still rave about the Deutsche Mark.