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39 40629 Dusseldorf Nordrhein Westfalen

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Apartments and houses for rent in 39 40629 Dusseldorf Nordrhein Westfalen

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39 40629 Dusseldorf Nordrhein Westfalen insights

AspectSummary
Gross YieldApproximately 4-6% based on current rental prices and property values.
Rental DemandModerate to high demand due to proximity to city center and universities.
Average Rent Price€12-€15 per square meter for residential properties.
Vacancy RatesGenerally low, around 5-7%.
Tenant Turnover RateYearly turnover is about 25%.
Operating ExpensesTypically 25-30% of rental income covering maintenance and management.
Regulation and Rent ControlSubject to German rent control laws limiting yearly increases.
Furnishing/Unfurnishing RateHigher demand for furnished apartments, especially among students.
Short-Term vs. Long-Term Rental MixLong-term rentals dominate, but short-term (Airbnb) is growing.
Local Economic IndicatorsSteady economic growth with a low unemployment rate.
Rental Price TrendsPrices have shown consistent annual growth over the last 5 years.
Lease TermsCommonly 1 year; flexibility for expats.
Deposit RequirementsTypically 2-3 months' rent as a security deposit.
Utilities and Other CostsUtilities generally add €200-€300 monthly, varies by usage.
Safety and SecurityRelatively safe area with low crime rates.

39 40629 Dusseldorf Nordrhein Westfalen FAQ

  • What is the average rent price for apartments in Dusseldorf?

    The average rent price for apartments in Düsseldorf varies significantly depending on the location and size of the property. As of late 2023, the monthly rent for a one-bedroom apartment in the city center tends to be around €1,200, while a similar apartment outside the city center averages about €900. Larger three-bedroom apartments in prime areas like Altstadt or Oberkassel can command rents ranging from €2,500 to €3,500. In more suburban neighborhoods, prices drop, with three-bedroom apartments typically costing around €1,800. Additionally, rental prices can be influenced by factors such as proximity to public transportation, amenities, and the overall condition of the building.

  • How do rental prices in Dusseldorf compare to other cities in Nordrhein-Westfalen?

    Rental prices in Düsseldorf tend to be higher than in many other cities in Nordrhein-Westfalen, reflecting its status as a major economic and cultural hub. As of recent data, the average rent for a one-bedroom apartment in the city center is around €1,200, compared to about €900 in cities like Essen and Dortmund. In Cologne, another major city in the region, prices are somewhat comparable, with central one-bedroom apartments averaging €1,100. However, more suburban areas like Bochum and Gelsenkirchen often see rents dip below €700 for similar properties. The variation in rental prices across these cities can be attributed to factors such as local job opportunities, public transport accessibility, and overall desirability of living conditions.

  • What factors influence the rental prices in Dusseldorf?

    Rental prices in Düsseldorf are influenced by several key factors, including location, amenities, and demand. Areas like the Altstadt and MedienHafen tend to command higher prices due to their proximity to cultural attractions and business hubs. The average rent per square meter can vary significantly, with central locations costing around €12 to €18, while suburban neighborhoods may range from €8 to €12. Additionally, the condition and age of the property play a role; newly renovated apartments with modern features often fetch a premium. Furthermore, the influx of international companies and a growing tech sector have heightened demand, particularly for high-quality rental properties, further driving up prices. Seasonal fluctuations also impact the market; for instance, the beginning of the academic year may see an increase in demand for student housing, affecting overall rental trends.

  • Are there any neighborhoods in Dusseldorf that have lower rental prices?

    In Düsseldorf, certain neighborhoods offer lower rental prices compared to the city’s more upscale areas. For example, the district of Oberbilk provides more affordable options, attracting a diverse mix of residents due to its vibrant culture and community facilities. Another area known for lower rents is Flingern, where a blend of artistic character and co-working spaces contribute to a more budget-friendly housing market. The Lierenfeld neighborhood is also noteworthy, as it features a good selection of family homes and apartments at competitive prices, appealing particularly to those working in nearby commercial zones without the premium costs associated with central locations like Altstadt or MedienHafen. Additionally, parts of Bilk and Wersten offer relatively inexpensive housing options while still maintaining convenient access to public transportation and local amenities.

  • What is the trend of rental prices in Dusseldorf over the past few years?

    Over the past few years, rental prices in Düsseldorf have shown a consistent upward trend, reflecting the city's growing popularity and economic stability. According to recent reports, the average rent for an apartment in Düsseldorf has increased by approximately 10% since 2020, with certain neighborhoods experiencing even sharper rises. For instance, districts like Oberkassel and Pempelfort have seen average rents soar to around €15 to €20 per square meter, making them among the most expensive areas in the city. Additionally, new developments and a surge in demand for housing, driven by factors such as an influx of professionals and students, have further fueled competition in the rental market. The trend is particularly noticeable in areas close to the city center, where older buildings are being renovated and modernized, leading to higher rental yields. Meanwhile, the impact of inflation and rising construction costs has contributed to a tightening housing supply, making it increasingly challenging for tenants to find affordable options.

  • What amenities can affect the rental price of a property in Dusseldorf?

    Rental prices in Düsseldorf can be significantly influenced by various amenities associated with a property. Proximity to public transport, for example, can raise rental values, particularly if the property is near the U-Bahn or S-Bahn networks, which facilitate easy access to the city center and surrounding areas. Properties equipped with modern appliances, such as in-unit laundry facilities or energy-efficient heating systems, also tend to command higher rents. Additionally, amenities such as balconies, gardens, and recently renovated interiors can make a property more appealing, driving up rental costs. Access to communal facilities like gyms, pools, or lounge areas within apartment complexes can additionally boost prices, especially in sought-after neighborhoods like Oberkassel or Flingern. Parking availability is another critical factor; properties with dedicated parking spaces are generally more expensive in urban areas where street parking is limited.

  • How much should I budget for utilities in addition to rent in Dusseldorf?

    When budgeting for utilities in Düsseldorf in addition to rent, you should consider several essential services. Monthly costs for running a household typically include electricity, heating, water, and internet. Electricity costs can range from €60 to €100 per month, depending on usage and the size of the apartment. Heating is often included in the rent, but if not, plan for an additional €50 to €100, particularly during the colder months. Water and sewage charges may add another €40 to €60 monthly. Internet and mobile phone services generally cost between €30 to €50 for a decent package. Overall, you might look at budgeting an additional €200 to €300 monthly for utilities alone, though this can vary based on personal habits and apartment size.