Wiro: Rostock's housing market blooms - 500 new apartments are being planned!
Wiro: Rostock's housing market blooms - 500 new apartments are being planned!
In Rostock there are currently exciting things to report! The Wiro, the largest housing company in the city, has presented a positive balance for 2024. The annual surplus is 24.13 million euros, which represents a slight decline compared to 2023 when 24.84 million euros were generated. But despite this little return to the numbers, the city of Rostock can look forward to a distribution of 16.52 million euros from the balance sheet profit, more than in the previous year with 16.39 million euros. This is a good sign of municipal finances and shows that the Wiro acts stably in the market.
The population in Rostock has just increased to 211,993 people compared to 211,692 in the previous year. This is not only a mere number, but also an indication that the move to the city and the desire for living space are unbroken. Apartments are in demand, and this is also reflected in the current rental prices: the average cold rent is now 6.54 euros per square meter and thus higher than 2023, where you still paid 6.32 euros. If you rent a 60-square-meter apartment, you have to expect around 392 euros in net rent.
growth and new buildings
In view of these developments, the Wiro takes major steps into the future. In 2024, a whopping 370 new apartments were rented for the first time and a total of almost 600 new buildings have been realized in the past five years. A look at the largest construction projects shows that a strong construction was built on Thierfelderstraße/Kobertstraße and on Möllner Straße/Plöner Straße. But that is not the last word: future projects, for example in Ziolkowskistrasse or on Reutershäger Weg, are already in the starting blocks.In addition, the Wiro plans 500 new apartments through its own construction projects and 700 apartments in the district at the shipyard triangle. A promising project is also the purchase of turnkey projects, which is to expand the inventory by around 270 apartments. So the demand is high, and the plans of the Wiro underline this.
market analysis and prices
The rental prices in Rostock are not only a result of corporate policy, but also influenced by the relationship between supply and demand on the housing market. Especially in metropolitan areas, demand is often so high that rents rise. The simultaneous economic development of the region, the good infrastructure and the attractive job opportunities increase this trend, it also explains the rent index of Engel & Völkers. Political measures such as rental price brakes can also help shape the rental price development in Rostock, and this year the fluctuation rate was kept constant.
For all those who would like to find out more about new rental offers in Rostock, there are numerous options. On platforms such as ImmobilienScout24 you can get an overview of new apartments and track the current living trends. With a vacancy of only 0.85 %, the market shows a high demand, which is reflected in both the prices and in the construction projects.
In summary, it can be said that Rostock is dynamic with regard to the housing market. Where the development is going will be exciting. The Wiro masters its challenges with flying colors and is an interesting like a stable partner for both tenants and investors.
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| Ort | Rostock, Deutschland |
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