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Real Estate in Nordrhein-Westfalen, Germany | Digital Nomad Exchange
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Real Estate in Nordrhein-Westfalen, Germany

By Joshua Wood, LPC

Last updated on Nov 17, 2024

Summary: The most desirable neighborhoods in Nordrhein-Westfalen, Germany are Düsseldorf, Cologne, Bonn, and Aachen. The average cost to buy a nice 2 bedroom home in Nordrhein-Westfalen is around $400,000 USD, while a nice 3 bedroom home can cost around $500,000 USD. These properties typically include modern amenities such as updated kitchens, bathrooms, and living spaces, as well as outdoor spaces such as balconies, terraces, and gardens. Foreigners are allowed to purchase property in Nordrhein-Westfalen, however, they must obtain a residence permit and register with the local authorities. The best way for an expat to search for a home to buy in Nordrhein-Westfalen is to use a real estate agent or search online for listings. It is also important to research the local area and amenities to ensure that the property is in a desirable location.

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How do I find a place to live in Nordrhein-Westfalen?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"When looking for a place to live in Nordrhein-Westfalen, the first step is to determine where you would like to live. Consider factors such as ease of transportation, job opportunities, and cultural events when selecting a city or region. You can further narrow down the search area by exploring the different neighborhoods in each city. Once you've chosen the city and neighborhood, it’s time to look at the housing options. Research local housing listings online as well as through classified advertisements and real estate agents. Consider what type of housing would best meet your needs such as an apartment, single family home, or a furnished room. As you explore the housing options, consider if the housing is within your budget and if it offers the amenities you’re looking for. Finally, make sure that the rental agreement meets your needs and that you are allowed to stay for the stated duration," remarked one member in Nordrhein-Westfalen.

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Get Quote

We've partnered with Homelike, to connect expats and newcomers with temporary accommodations in Germany. If you're moving to Germany, rent a short-term, furnished apartment or home for the first few months from Homelike and take your time figuring out the best place to live in Germany.

HomelikeHomelike

We've partnered with Homelike, to connect expats and newcomers with temporary accommodations in Germany. If you're moving to Germany, rent a short-term, furnished apartment or home for the first few months from Homelike and take your time figuring out the best place to live in Germany.
Get Quote

What is a typical expat home or apartment like in Nordrhein-Westfalen?

"Expat homes and apartments in Nordrhein-Westfalen are typically modern apartments, often with balconies overlooking a nearby park or city centre. The apartments are usually spacious and bright, with modern furniture and appliances, and access to plenty of local amenities. Expats that prefer a quieter lifestyle can also find smaller homes in suburban areas, although these are more expensive and harder to find. There are also many options for furnished or unfurnished apartments depending on personal preference and budget. The rent for expat housing is usually between 1000-1500 Euros per month depending on the size and location of the apartment," remarked one foreigner who made the move to Nordrhein-Westfalen.

Homelike

We've partnered with Homelike, to connect expats and newcomers with temporary accommodations in Germany. If you're moving to Germany, rent a short-term, furnished apartment or home for the first few months from Homelike and take your time figuring out the best place to live in Germany.

Get Quote

Homelike

We've partnered with Homelike, to connect expats and newcomers with temporary accommodations in Germany. If you're moving to Germany, rent a short-term, furnished apartment or home for the first few months from Homelike and take your time figuring out the best place to live in Germany.

Get Quote

What is the average cost of housing in Nordrhein-Westfalen?

If you are thinking about moving to Nordrhein-Westfalen, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Nordrhein-Westfalen is typically higher than other parts of Germany and varies across the region. Prices vary widely depending on location, size and condition of a property. Depending on the type of property you are looking for, prices range from around €800 per month to €2,500 per month," explained one person living in Nordrhein-Westfalen, Germany.

Should I buy or rent a home in Nordrhein-Westfalen?

If you have not spent a lot of time in Nordrhein-Westfalen, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Whether to buy or rent a home in Nordrhein-Westfalen depends on a variety of factors. Buying a home may be more beneficial in terms of having a long-term asset and investing in local real estate. However, it often comes with a large upfront cost, maintenance and other financial obligations, such as a mortgage. Renting may offer more flexibility in terms of contract length and accessibility. Additionally, renting can be a better option if you are living in the area temporarily or don’t have the budget to cover the purchase of a home. Ultimately, the decision should consider your budget and long-term goals," said one expat in Nordrhein-Westfalen.

Are foreigners allowed to own property in Nordrhein-Westfalen?

"Yes, foreigners are allowed to own property in Nordrhein-Westfalen. According to German law, non-EU citizens may purchase property in Germany, provided they have a valid residence permit. EU citizens may purchase property in Germany without a residence permit. However, non-EU citizens may only purchase one property in Germany, and it must be used as their primary residence. Additionally, non-EU citizens must obtain permission from the local government before they can purchase a property," said one expat in Nordrhein-Westfalen.

Additional Information about Searching for a Home in Nordrhein-Westfalen:

When we asked expats in Nordrhein-Westfalen if foreigners are allowed to own property, they answered...

"Expats can search for homes in Nordrhein-Westfalen by looking at online listings, contacting local real estate agents, and attending open houses. They can also search for homes by researching the different neighborhoods and cities in the region to find the best fit for their needs. Additionally, expats can join online forums and social media groups to connect with other expats in the area and get advice on finding a home," explained one person living in Nordrhein-Westfalen, Germany.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Contribute to Germany Network Contribute
Help others in Germany by answering questions about the challenges and adventures of living in Germany.

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