Real estate prices in the EN district: Falling trend surprises buyers!

Real estate prices in the EN district: Falling trend surprises buyers!

The current real estate prices in the Ennepe-Ruhr district show an interesting trend. According to new data, prices for condominiums are lower than three years ago. According to radioenneperuhr.de , the current offer price per square meter is around 2,200 euros, which represents a decrease in seven percent compared to the prices of three years ago.

Regardless of these declines, real estate prices have increased noticeably in the past five years. Current prices are 23 percent higher than the level of 2020. This development shows that despite the recent price reduction, there is a long -term increase.

The role of Immowelt

The data that supports these price developments come from the IMMOWELT internet portal. This platform specializes in the analysis and comparison of property prices in North Rhine-Westphalia. In addition to the current prices, Immowelt also offers comprehensive information that helps users receive realistic price estimates for apartments and houses without personal information.

In 2022, the Immowelt Price Map was recognized as the best real estate price card in Germany. In a study by the German Institute for Service Quality (DISQ), which was carried out on behalf of N-TV, Immowelt was the only provider to receive the "Gut" test result from five investigators examined. Felix Kusch, Country Managing Director of Immowelt, emphasized the importance of this award for transparency and security in the real estate market. Data is available to the building level, especially in cities with more than 200,000 inhabitants.

The Immowelt Price Map has proven to be user -friendly and delivers regular updates to keep the data up to date. The partnership with Meilleurs Agents, a leading portal for online real estate assessment in France, was increased in over 1,000 cities.

construction prices and their meaning

Another relevant aspect in the context of real estate prices is the distinction between the construction price and construction cost index. The Federal Statistical Office points out that the term "construction cost index" is often used misleadingly, while the "construction price index" documents the producer sales prices for the construction industry. While the construction cost index shows the prices for production factors when building new residential buildings, the construction price index reflects the purchasing prices of buyers and builders, including material and wages. This distinction is crucial for the correct interpretation of price developments in the construction and real estate sector, as from Destatis.de In summary, it can be said that the real estate market in the Ennepe-Ruhr district and beyond a dynamic development are subject. Providers such as Immowelt play a key role by providing transparent and accessible information while understanding is of great importance for buyers and sellers.