34 35

Düsseldorf has a population of 639,400, having seen an increase of nearly 5.5%, or 35,000 residents, since 2009. The Federal State s Statistical Office expects that the number of inhabitants will increase by 11,000 before 2020, and a further 47,000 by 2030. At present, 23% of Düsseldorf s inhabitants are foreigners, with a total of 40% of the population having a migration background.

Employment rates have increased by more than 15% between 2009-2018, while the overall unemployment rate sits at 6.5%, as of November 2018.

An under-supplied housing market, evidenced by a vacancy rate of 1.4%, has led to upward pressure on both rental and capital growth rates over the past decade. Rents have risen 40% since 2009, whilst prices for new apartments have increased 100% over the same period, with 2018 alone witnessing an increase of 10%.

WHY INVEST IN DÜSSELDORF

DÜSSELDORF Situated in the heart of continental Europe, Düsseldorf is a state capital as well as an important economic centre. With prominent finance, telecommunications, media and fashion industries, the city continues to attract both newcomers and investors.

Sources: Deutsche Bank, JLL

AT A GLANCE

Accumulated Rental Growth 2009-2018

40%

Vacancy Rate as of 2018

1.4%

Employment Rate Growth 2009-2018

15%

Forecast Population Growth 2018-2030

9%