New builds in Bonn
Location and climate
Bonn is a city in Germany, in the state of North Rhine-Westphalia. The city was the capital of the Federal Republic of Germany from 1949 to 1990. It’s located on both banks of the Rhine (most of it is on the left bank).
The climate is temperate maritime: summers are warm and rather rainy, winters are mild, with rare subzero temperatures.
Why is it profitable to buy an apartment in a new build in Bonn?
Today it is a large political and economic center of the country with the status of a federal city. Over the past three decades, Bonn has transformed itself from an administrative capital to a sustainable city with a focus on the KIBS sector, science and research. At the same time, it does not depend on just one industry, there are a large number of companies operating in economically significant industries, in particular information technology and telecommunications, metalworking, textile, porcelain and faience, furniture, printing production.
The transport system is at a high level: there is a river port, an international airport, a railway station.
Friedrich Wilhelm University of Bonn is one of the largest and most prestigious universities in Germany, which can be proud of the achievements of its graduates who became Nobel Prize winners. There is a university clinic at the Faculty of Medicine, relatives of patients often rent housing in Bonn for the duration of the treatment of their loved ones.
High purchasing power and low unemployment rate have turned the city into an object of interest for investors. The city is home to many students from different countries, they create an additional demand for rental housing. Experts predict that the city's population will increase, and the economic efficiency of management and business will improve. The demand for real estate in the new builds for sale is large, the housing market has been under pressure for many years, it is now quite difficult to buy an apartment from a developer in Bonn.
Residential real estate owned by residents accounts for ⅓ of apartments and houses, the rest ⅔ are rented dwellings. Daily rent is popular here, apartments in the new homes for sale are willingly rented by tourists and Germans who have arrived for a short time and for some reason do not want to check into a hotel.
Large-scale construction work is not carried out often. Residential complexes in Bonn are being built in the inner districts of the city. The options available today in the residential complexes, the cost of which has increased by 6-10% in recent years, are suitable only for wealthy couples and families. It can be said with almost certainty that the increase in prices will continue in the near future. The sale of apartments from developers is carried out in compliance with the legislation, the quality of the objects meets the EU building standards, which is confirmed by customer reviews.
According to the information provided by the real estate search engine GEOLN.COM, the minimum price per square meter of space in a new home in Bonn from a developer (handed over in a turnkey condition) is 5,533 USD.
Entertainment and attractions
German composer Ludwig van Beethoven was born in Bonn. You can learn about the life and work of the great composer by visiting the places associated with his name. And there are other interesting attractions:
- the old fountain Mark Brunnen and the town hall building on the Market Square;
- Bonn University Palace Poppelsdorf (18th century);
- Basilica of Saint Martin;
- museums of: city history, fine arts, zoology, science and technology, mathematics, Egyptian museum;
- Exhibition Center;
- Siebengebirge nature reserve;
- Rheinau park;
- the picturesque lake Auensee;
- the Waldau Wildlife Zoo;
- the crater of the extinct volcano Rodderberg.
Conditions for buying apartments in Bonn from the developers by foreigners
Foreign investors have the right to purchase real estate without any restrictions or special conditions. They can buy an apartment from a developer in Bonn with the same rights as the citizens of the country.
Purchasing an apartment in a new development in Bonn is a pragmatic investment choice of a city that is convenient for living, an opportunity to receive high rental income from primary housing in conditions of steadily rising prices.
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