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Dream apartment in the heart – ideal for investors and owner-occupiers!
Find out everything about the current housing situation in Böblingen, including a charming 2-room apartment and market trends.
Dream apartment in the heart – ideal for investors and owner-occupiers!
Something is happening again on the housing market in Cologne! An attractive 2-room apartment on the mezzanine floor of an apartment building from 1999 is currently on offer. With a living space of over 50 m², the apartment is suitable for both investors and owner-occupiers. Loud Living happiness Future residents can expect a friendly entrance area that offers enough space for a cloakroom. The bright living-dining area impresses with its access to its own balcony - perfect for enjoying the warm summer evenings outdoors.
The separate kitchen is equipped with a modern fitted kitchen that has all the necessary electrical appliances. A comfortable bathroom with bathtub, sink and toilet completes the offer. The cozy bedroom offers enough space for a peaceful night's sleep. In addition, a practical cellar room and an underground parking space (duplex) are included in the purchase price. The apartment is heated efficiently by gas central heating. The unit is currently rented and brings in a monthly rent of €647, making it an interesting investment.
Uncertain times for the housing market
But what is the current situation on the housing market? The pressure on the housing market in Germany is still considerable. Rising rents and high purchase prices are a major challenge, especially in urban centers. A look at the data from Statista shows that there is a lack of affordable housing in many regions. Rents in metropolitan areas are sometimes reaching worrying levels, while purchase prices for condominiums have declined since mid-2022, but have recently risen again.
Although the vacancy rate fell to 2.5 percent in 2022, there are still significant differences between regions. While the vacancy rate in western Germany is 1.9 percent, in the east it is an impressive 5.8 percent. The situation is particularly dramatic in cities like Berlin, where only 0.3 percent of apartments are empty.
The need is growing
The situation is so critical that forecasts by the Central Real Estate Committee (ZIA) indicate that a total of up to 830,000 apartments could be missing by 2027. Innovative concepts such as serial construction and densification could potentially serve as a solution, but the challenge remains great. Despite the approval of around 260,000 new apartments in 2023, the target of 400,000 new apartments annually was only achieved by 74 percent. Particularly in rental and social housing, the coverage ratio falls short of expectations at 55 percent for rental apartments and 23 percent for social housing.
The advertised apartment could be a good choice for anyone who is looking for their own use or an investment property in Cologne. Further information about rental apartments in Cologne is also available Real estate scout24 to find.