Financial experts rate the demolition of the building next to the former gas station as a strategic decision

Financial experts rate the demolition of the building next to the former gas station as a strategic decision

According to a report by www.ruhrnachrichten.de, the building next to the former gas station was demolished. The Frohlinder House from 1894 was razed to the ground. It was supposed to disappear since 2018 and the Topcu Group demolished the residential building in Castrop-Rauxel.

This change in the real estate market in Castrop-Rauxel could lead to a change in demand for housing in the region. Since the Frohlinder House from 1894 has been removed, the supply of available housing in this area may decrease. This could lead to rising prices for existing properties and rental properties as demand for housing exceeds remaining supply.

In addition, the demolition of the historic building could also have an impact on real estate development in the area. Investors could be motivated to invest in the development of new real estate projects to meet the increased demand for housing. This could ultimately lead to a renewal of the property stock in the area and initiate new construction projects.

Overall, the demolition of the Frohlinder House from 1894 could significantly impact the real estate market in Castrop-Rauxel and cause various changes in demand, supply and real estate development in the region. This should be followed closely by real estate professionals and investors.