The Economic Capital of Rhineland
Discover Cologne's Real Estate
The Rhine river flowing through the area intersected the most important land routes of trade between western and eastern Europe in the past. Because of this reason, it has gained popularity and has become the developed city it is today. For the past two decades, it has been an investors' destination, and this trend is not stopping anytime soon.
Culture, History, and Business
Cologne is the fourth largest city of Germany and is located 34 kilometers to the northwest of the Bonn and 40 kilometers to the southeast of Dusseldorf. Known as the economic capital of Rhineland, Cologne is cultural and historical land. It is also one of the significant inland imports in Europe.
Throughout history, this place has remained an essential center in the field of arts and learning. The enriched heritage can still be seen despite massive destruction that hit it during World War II. The city also has the largest Gothic Church in northern Europe. The population of the city is around 1,000,000 residents.
As the city is the largest in the Rhine-Ruhr region, the economy of the city is quite strong. It gets a direct competition from its neighboring city of Dusseldorf. Most of the economy of the city comes from insurance and the media industry in the city.
Real estate, too, plays a vital role in building the economy of the city. Real estate just not only covers the basic amenity of living but also provides the spaces for working, office, and much more.
Real Estate Appeal
The busiest streets of the city are Hohe Straße und Schildergasse Street, responsible for holding most of the businesses of the city. Both of them are closed for moving traffic or vehicles. The most proportion of the city consists of woods, lakes, parklands, and open areas. The city sees a lot of musical concerts and sporting events at the right bank of the river, which has a lot of space available for multipurpose use. As the population rises, the need for everything in the city increases, primarily in the field of properties. The economy of the city is also booming and on a growth pattern because of which multiple opportunities to work in the city have been generated.
Investing in Real Estate Property in Cologne may seem like a good decision since it is quite affordable. Just like any other city in the world, prices of properties may vary from place to place. Before moving to Cologne, be sure if you want to live in the city center since it is a slightly expensive option.
Venturing into Cologne real estate investment is surely an excellent deal for any investor. To find out more details about this city, read our subsequent articles to discover the various reasons to invest in this city and the best neighborhoods to invest in.
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