Real Estate in Dortmund, Germany
Last updated on Jul 10, 2024
Summary: The most desirable neighborhoods in Dortmund, Germany are the city center, the Hafenviertel, and the Kreuzviertel. The average cost to buy a nice 2 bedroom home in Dortmund is around $200,000 USD, and a nice 3 bedroom home is around $250,000 USD. These properties typically include modern amenities such as central heating, double glazing, and fitted kitchens. There are no restrictions on foreign ownership for properties in Dortmund. An expat looking to buy a home in Dortmund should start by researching the different neighborhoods and their amenities. They should also consider their budget and look for properties that fit their needs. It is also important to research the local real estate market and find a reputable real estate agent to help with the search.
How do I find a place to live in Dortmund?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Dortmund is to use online resources such as websites like Immobilienscout24.de or WG-Gesucht.de. These websites allow you to search for available apartments and rooms in Dortmund, and you can filter your search by price, size, and other criteria. Additionally, you can also contact local real estate agents who can help you find a place to live in Dortmund. Finally, you can also look for postings on social media sites such as Facebook or Twitter, as many people post about available apartments and rooms in Dortmund," remarked one foreigner who made the move to Dortmund.
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What is a typical expat home or apartment like in Dortmund?
"Expat homes and apartments in Dortmund are typically modern and spacious, with large windows that let in plenty of natural light. Many of the apartments are located in the city center, close to shops, restaurants, and other amenities. Expats can also find homes and apartments in the suburbs, which offer more space and a quieter atmosphere. Most homes and apartments come with modern appliances and amenities, such as air conditioning, dishwashers, and washing machines. Many also have balconies or terraces, providing a great place to relax and enjoy the views," remarked one foreigner who made the move to Dortmund.
What is the average cost of housing in Dortmund?
If you are thinking about moving to Dortmund, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Dortmund is relatively high compared to other cities in the country. Renting an apartment in Dortmund can cost anywhere from €500 to €1,500 per month, depending on the size and location of the property. Buying a property in Dortmund can be even more expensive, with prices ranging from €200,000 to €500,000," said one person in Dortmund.
Should I buy or rent a home in Dortmund?
If you have not spent a lot of time in Dortmund, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"When deciding whether to buy or rent a home in Dortmund, it is important to consider your budget, lifestyle, and long-term plans. Buying a home in Dortmund can be a great investment, as the city is known for its strong economy and vibrant culture. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance. Renting a home in Dortmund can be a more affordable option, and it can also provide more flexibility if you are not sure how long you will be living in the city. Ultimately, the decision to buy or rent a home in Dortmund should be based on your individual needs and preferences," said one person in Dortmund.
What do I need to know when buying property in Dortmund?
When we asked expats what advice they would give a foreigner before buying a property in Dortmund, they said:
"1. It is important to research the local market and familiarize yourself with the current property prices in Dortmund. 2. Make sure to hire a qualified real estate lawyer to help you with the legal aspects of the purchase. 3. Consider the location of the property and the amenities available in the area. 4. Be aware of any additional costs associated with the purchase, such as taxes, fees, and insurance. 5. Make sure to inspect the property thoroughly before making a purchase. 6. Consider the potential for rental income if you are looking to buy an investment property. 7. Be aware of any restrictions or regulations that may apply to the property. 8. Make sure to get a survey of the property to ensure that it is in good condition," explained one person living in Dortmund, Germany.
Are foreigners allowed to own property in Dortmund?
When we asked expats what advice they would give a foreigner before buying a property in Dortmund, they said...
"Yes, foreigners are allowed to own property in Dortmund. Non-EU citizens must obtain a residence permit in order to purchase property in Germany, while EU citizens are allowed to purchase property without a residence permit. However, non-EU citizens may be subject to additional restrictions, such as a requirement to prove that they have sufficient financial resources to purchase the property," said one person in Dortmund.
What appliances are typically included in a rental?
We asked foreigners in Dortmund what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Dortmund typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a dishwasher, microwave, and other small kitchen appliances. Additionally, some properties may include furniture such as a sofa, chairs, and a dining table," explained one foreigner living in Dortmund, Germany.
Additional Information about Searching for a Home in Dortmund:
We asked foreigners in Dortmund what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Dortmund by looking online for real estate listings, contacting local real estate agents, and searching for expat-specific housing resources. Additionally, expats can join online forums and social media groups to connect with other expats in the area and ask for advice on finding a home," wrote one expat who made the move to Dortmund.
About the Author
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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