According to analyses by Aengevelt Research, the real estate market in Düsseldorf continues to show subdued dynamics. For example, despite an increased number of purchase cases, the money turnover on the Düsseldorf property market in the first half of 2025 fell compared to the same period last year.
According to evaluations by the Düsseldorf Committee of Experts, the cash turnover achieved in the first half of 2025 is around EUR 1.3 billion, around 12% below the figure for the same period of the previous year (H1 2024: approx. EUR 1.6 billion) and around a third below the most recent ten-year average (Ø 1st half 2015-2024: approx. EUR 2 billion).
In contrast, the number of purchase cases in the first half of 2025 increased by 11% compared to the same period of the previous year, with a total of around 2,100 purchase cases (1st half of 2024: around 1,900). Meanwhile, the number of purchase cases – as well as the cash turnover – remains below the average value of the most recent decade (Ø 1st half of 2015-2024: approx. 2,250 purchase cases).
While, according to analyses by Aengevelt Research, purchase cases increased in all three segments “undeveloped land, “developed land” and “condominium/part-ownership”, only in the “apartment/part-ownership” segment could an increase in cash turnover – namely by around 21% – be analysed, while it declined in the other two segments.
Differentiated developments in the investment market
Different developments can be observed in the investment segment:
- For example, the number of purchase cases in the area of rental residential buildings with a commercial component < rose by 20% by around 22% from 81 in the first half of 2024 to 99 in the first half of 2025. The number of rental residential buildings sold with a commercial share of > 20% also increased from 30 to 45, a significant increase of 50%.
- In the office/commercial building segment, the number of purchases also increased, albeit at a much more moderate rate, from seven to nine sales in the first half of 2025. However, the purchase price range for corresponding properties has decreased to EUR 2.6 million to EUR 26.3 million compared to the same period of the previous year (H1 2024: EUR 3 million to EUR 33.2 million).
Oliver Lederer, member of the management board of Aengevelt and head of the Düsseldorf investment team, comments: “The figures confirm Aengevelt’s analyses that residential investments – especially in sought-after districts and with potential for value appreciation, e.g. through partially subsidised energy-efficient renovations, conversion of attics, etc. – continue to be in high demand, while investors are still reluctant to invest in office investments, especially beyond city locations, especially but more selectively. In view of the high demand for housing in Düsseldorf, the possibility of converting it into residential space, including commercial housing, is also being examined.”
Aengevelt forecasts moderate sales activity for the full year 2025 and dynamisation from 2026 onwards
In view of ongoing economic uncertainties, Aengevelt Research believes that a cash turnover of between EUR 2.7 billion and EUR 3.2 billion (asset and share deals) is possible on the Düsseldorf property market for the full year 2025. At its peak, this would roughly reach the level of the previous year (2024: approx. EUR 3.4 billion), but the value would remain well below the ten-year average (Ø 2014-2023: approx. EUR 5.2 billion p.a.).
For 2026, Aengevelt predicts a dynamization of market activity with increasing cash turnover.
