Optimal investment opportunities: Sale of land in Itter and Lörick

Optimal investment opportunities: Sale of land in Itter and Lörick

According to a report by rp-online.de, the city of Düsseldorf is planning to sell land on Pastor-Dörr-Ring in Itter and on Bonifatiusstrasse in Lörick. It was announced that the more than 3,000 square meter area in Itter would be divided into eleven properties. The largest plot (plot 517) with 417 square meters is offered for 479,550 euros, while a smaller plot (plot 515) with around 237.5 square meters is said to cost 237,125 euros. In addition, around 639 square meters on Bonifatiusstrasse are to be sold for 632,610 euros.

This news is expected to have an impact on the real estate market in Düsseldorf. By dividing the properties into smaller parcels, this could increase demand from potential buyers looking for smaller properties or building plots. This, in turn, could lead to increased competition and potentially higher sales prices.

The proposed sale is also expected to attract interest from investors and developers interested in developing and building properties in these areas. This could lead to increased engagement and investment in Düsseldorf's real estate market.

Overall, these developments signal dynamism in the real estate sector and may lead to rising prices for real estate and land in the areas mentioned. However, it remains to be seen how the planned sales will actually impact the market.