German top locations for real estate are known as fiercely contested, this makes private investors move to the cities’ periphery, where prices are more realistic and return opportunities are better. We want to introduce you to a reserved but attractive and possibly underestimated location that possesses even more unique features. Follow us to the Westphalian micro metropolis Münster.
Since it was appointed the most liveable city worldwide in 2004, Münster’s attractivity has not changed fundamentally. The cyclist’s capital stays characterised by the huge amount of students responsible for the lowest average age in the federal state and internationality. A healthy state budget leads to a steady infrastructural development and maintenance of architectural features like the Prinzipalmarkt which not only enthuses locals but also 120.000 yearly visitors. Apart from the central town lake Aasee, the diverse high-class shopping opportunities and great places to go out attract a number of tourists. A swan who fell in love with a pedal boat even had international media talk about Münster. The cultural offer is worth mentioning as well: besides cultural top performances, the Hansa quarter inhabits the Wolfgang-Borchert-Theater, a jazz club and much more. Münster’s arts and music scene is very famous which is probably linked to the huge number of young people staying in Münster during their studies. Quality of life is obviously of a high priority to the locals, the square right in front of Kreuzkirche develops a mediterranean ambiance in summer.
Being a popular university city, Münster enjoys a steady influx and constant attractivity. Furthermore, Münster’s real estate market shows a continuing demand. The style and comfort aware locals are interested in “properties in central areas that offer both centrality and urbanity”, says Markus Baumgarte, real estate agent with Engel & Völkers Münster. “The most popular and most expensive areas in Münster are around the Aasee, in Wienburg, Mauritz and St. Mauritz, Sentruper Höhe, in Kreuzviertel and Erphoviertel.” The approx. 310.000 inhabitants include 112 income millionaires and million amounts are bequeathed often. Münster has purchase power - grown by a hefty 7,7% since 2013 - , whereas its mentality is built on understatement. This is why the real estate offers in popular academic areas such as Kreuzviertel decrease which pushes the property prices. Owner-occupiers as well as capital investors are present on Münster’s real estate market and take the peaceful Tatort-city as a reasonable investment location promising value preservation.
Not only the purchase of apartments or houses in Münster show remarkable prices, the rents are also very high in state-wide (North-Rhine Westphalia) comparison: Apart from Düsseldorf, no other city in this state has a comparably high rent index with 9,45 € per square meter.
If you are looking to buy or sell a property in Münster, our real estate consultants in Münster’s Engel & Völkers shop are happy to help.