Rostock's Wiro is optimistic about 2025: 700 new apartments planned!

Rostock's Wiro is optimistic about 2025: 700 new apartments planned!

Rostock, Deutschland - Rostock, a popular place on the German Baltic Sea coast, is known for its growing population and the dynamic development of the housing market. According to the current reports of Rathaus Rostock , Rostock's largest housing company, a positive balance for 2024. With an annual surplus of 24.13 million euros, the company remains on course and increases the distribution to the city of Rostock to 16.52 million euros.

The population in Rostock has grown to 211,993, which underlines the attractiveness of the city. In the same breath, the housing stock grows: Wiro now manages 35,178 own apartments and also has 4,415 units on behalf of other owners. With a market share of around 28 %, the Wiro ensures that almost every third Rostock lives in one of their apartments.

construction projects and investments

A look into the future shows impressive construction projects: Wiro plans to invest a total of 92 million euros in housing and inventory maintenance in 2025. Of these, 72 million are to flow into existing properties, while 20 million are intended for new buildings, reports Wohnungswirtschaft Today .

One of the largest projects is realized in Möllner Straße, where a whole complex with 318 new apartments was built - all residents have already moved in. Important districts such as Thierfelderstrasse and Kobertstraße will receive a new face. There are also other new construction projects on Wachtlerstraße, Kuphalstraße and Ziolkowskistrasse in the starting blocks.

The planned major project on the shipyard triangle, which includes 700 apartments on a site of around ten hectares, is particularly noteworthy. The summer of 2025 should bring the beginning of the external development, whereby the building permit is still pending.

rental prices in change

The rental price development in Rostock is not unnoticed. According to an analysis of Without broker , the average rental price for apartments increases to EUR 12.97 per square meter, an increase of 3.10 % compared to the previous year. For apartments under 40 square meters, the price is around 12.07 euros per square meter, while larger units over 90 square meters already cost 13.88 euros.

For houses there is a similar picture: The average rental price for 2025 is 13.81 euros per square meter, which means an increase of 7.72 % compared to the previous year. These developments are a clear indicator of the persistently high demand for living space in Rostock.

With an expected vacancy rate of only 0.85 % and a fluctuation rate of 8.52 %, the living situation in Rostock is more exciting than ever. Weo itself also invests in the future of living quality by providing CO₂-neutral over 20 % of its apartments.

How all of these factors continue to affect the Rostock housing market remains to be seen. One thing is certain: Rostock is very popular with a location and the plans of the Wiro are a promising step in the right direction.