Historic city hall seen from a street in Dortmund
Interest rates in Dortmund
5 years
10 years
15 years
20 years
30 years
756 €
815 €
945 €
1,009 €
1,113 €
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City of Dortmund

Close up view of the clock at the city hall in Dortmund

City overview

Dortmund is Germany’s eight largest city in North Rhine-Westphalia with a population of 588,462 as of 2018. Dortmund is considered one of the most favorable second-tier cities for real estate investment due to the presence of several mid-sized IT firms that attracts expats from across Europe. The city has witnessed significant developments in the last few years due to its proximity with the Westphalia region that is actively involved in urban development of infrastructure. In fact, Dortmund had its first technology center named “Technologiepark Dortmund” in the 1980s. With more than 200 firms, TechnologiePark is one of the most successful technology parks in Europe.

The increasing presence of information technology has made the city a truly international metropolis, attracting foreign nationals from across the world. Increasing employment opportunities offered by software firms has resulted in the city being the biggest software locations in Germany. Additionally, in September 2018, Dortmund was recognized as the digital city by Living City Foundation as it rapidly integrates digitization in its city development policy.

Real estate market trends & outlook

The two main factors that influence Dortmunds’s real estate market is the growing population and favorable conditions for construction loans. In 2015, 15.7% of Dortmund's population was classified as non-germans, and this current wave of immigration has resulted in a stable increase in the rental rates in the city. Furthermore, purchase price per sqm for single apartments remained constant from 2001 to 2011, however, prices increased by 27% in 2012, making Dortmund the fastest real estate growth market in Germany. The main factors that drive the demand for housing is the increasing population and growth in economy. Furthermore, average apartment prices increased by 0.53% to €1,515/sqm during the year till Q2 2018. While, the average price of two family apartments increased by 1.95% to €2,042/sqm.

With increasing property prices in major German cities, most individuals prefer second-tier cities a more affordable option. The city has a huge potential to grow due to the presence of new digital and technology centers that connect with several other major hubs globally.

According to IVD, Wohn-Preisspiegel, the flat prices in Dortmund increased to 3.6% with the average price reaching €1,450/sqm in 2016.

How prices are growing in
major German cities?

Germany's strong economic growth has resulted in price increases across German cities: On average the prices doubled in the last 10 years. Rents also impact the house price development in Germany: the average increase amounts to 50% between 2008 and 2018.

The below figure depicts a 10 year comparison of residential real estate purchase prices for German cities. In Dortmund, real estate prices increased by 22% with purchase price reaching €1,720/sqm over a period 10 years from 2008 (half yearly) to 2018(half-yearly).

10 year graphical comparison of apartment purchase prices and percentage difference in prices for German cities

About us

LoanLink24 is a German mortgage broker specialized in the Dortmund real estate market. We also help expats and foreign investors get a mortgage. Our highly professional Dortmund mortgage broker team provides excellent advice in English and German. Moreover, we leveraged advanced algorithm technology to find the best mortgage interest rates from over 400 regional and global German banks.

Our smart online mortgage platform is available round the clock to advise you throughout the German mortgage process. For instance, you can use our mortgage calculator to check your loan amount and monthly repayments. What’s more, our service is in English and is completely free of charge.

LoanLink24 is registered and controlled by the surveillance authority in Dortmund.

Best interest rates in Dortmund

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