New builds in Cologne
City on the map
Cologne is a city in the Federal Republic of Germany, located on the Rhine River in the Cologne Bay.
Why is it profitable to buy an apartment in a new build of Cologne?
The city is considered the largest economic center, as well as a place of scientific research, cultural events and trade agreements. The machine and automobile industries, oil refining and food industries are well developed. It is worth noticing the chemical, pharmaceutical and biotech companies.
The city has sales centers for Ford, Citroen, DAF, Mazda, Nissan, Renault, Toyota and Volvo, and therefore the region can rightly be considered a point of attraction for automakers around the world.
Cologne is a major transport center in Europe. This is primarily due to its geographic location. Eight trains pass through the city every minute. It is surrounded by a network of high quality autobahns. There is an international airport serving more than six million passengers annually. The shipping industry is well developed, carrying out cargo transportation between Germany, France and the Netherlands. Public transport is well functioning in the city.
The climate is temperate, in winter the temperature rarely drops below 0°C, the summer is not hot.
The University of Cologne is one of the oldest German universities with a high quality education. There are also unique educational institutions in the city: the Higher School of Physical Education and Sports, the Higher School of Arts with Media Orientation, the Higher School of Music and Dance, and the Higher Technical School. About 100,000 students and researchers in all fields make the city a center of science. It conducts fundamental research, trains specialists and offers special solutions in the field of prevention, diagnosis and rehabilitation. The city is one of the world leaders in the study of gerontology.
Cologne is also a recognized museum and exhibition center. In terms of the number of art galleries, it ranks second in the world after New York.
The city is widely represented by companies from the gaming industry and the Internet economy, telecommunications companies, publishing houses and the start-up movement; it has become a real "electronic capital".
Such conditions cannot but attract visiting specialists, students, tourists who buy and rent housing here. Accordingly, the close attention of investors in the real estate sector is also paid here, new builds for sale in Cologne from the developers are especially attractive.
According to experts, foreign buyers account for a significant share of transactions in the market for new homes. These are citizens of France, Great Britain, Italy. Developers are increasingly taking into account the needs of a wealthy foreign investor, which to a certain extent provokes a rise in property prices. The active construction of condominiums is changing the upper segment of the real estate market. For decades, expensive homes have been built in prestigious and green areas far from the city center. However, the high-end market is now moving to areas near the Rhine and the Old Town. Wealthy buyers want them to have both the advantages of a center and a larger housing area, which was not possible in older apartments.
The demand for real estate in the new homes is quite high. Multi-storey residential complexes in Cologne consist of apartments of different classes (from economy to elite) and are completed on time and using the latest technologies. The sale of apartments from developers is carried out, as a rule, on a turnkey basis. Renovation in new homes for sale meets the standards. Customer reviews confirm the good quality of the facilities being built.
You can buy an apartment from a developer in Cologne at a reasonable price by the standards of the EU and the German real estate market. The minimum price per square meter of area in a turnkey (according to the information of the real estate search engine GEOLN.COM) is 2,170$.
Purchase of apartments in Cologne by foreigners
Foreigners can buy an apartment without restrictions. According to experts, foreign buyers conclude about 25% of transactions in the real estate market. In the most prestigious areas, foreign investors make up to 35% of such transactions.
Highlights of the city
- Cologne Cathedral;
- Cologne City Hall;
- Augustusburg Palace;
- museums: Ludwig, Walraf-Richartz, Schnütgen, spirits (Farin's House), chocolate;
- Tower Bayenturm;
- Cologne cable car;
- Hohenzoller Bridge;
- Botanical Garden Flora;
- Fantasy Land amusement park;
- Cologne Zoo
other.
Apartment in a new development in Cologne:
the opportunity to live in a city with a developing economy, science, art,
an investment that guarantees a high rental income and its resale.
Welcome!