Sound investment outlook in the Hanseatic city: In the latest Risk-Return Ranking for 2018, Rostock claimed a top spot in terms of its parameters for residential investments. As far as investments in existing well-located properties go, Rostock boasts some of the most attractive parameters anywhere in East Germany, together with Dresden and Leipzig. Decisive for this favourable investment climate is the city’s demographic trend, with Rostock’s population growth being complemented by an upward economic trend and a booming tourist industry. The “Hanseatic and University City,” as Rostock labels itself, ticks all the right buttons. In 2018, the number of tourists visiting the city crossed the mark of two million for the first time. This implies a substantial increase by 7.5 percent year on year, and at the same time is a nice way to congratulate the city on its 800-year anniversary.
A Condominium in Rostock as Financial Investment – Sound Climate for Residential Investments
The signs keep pointing to growth here in the largest city in the state of Mecklenburg-West Pomerania. Its population is growing rapidly at a rate of around 25,000 people through 2035, according to forecasts. At the moment, Rostock is home to around 208,000 residents. At the same time, the local purchasing power has increased by 9 percent since 2013.
The heavily frequented Baltic Sea port and Germany’s largest cruise port in Warnemünde also make Rostock the economically strongest city in the country’s north-east. Naturally, the demographic growth has also stimulated the city’s real estate market. Nearly 5,200 new flats and houses are either under construction or in the planning stage because the growing population generates fresh demand for housing.
Even the suburbs benefit from the city’s boom. The low level of interest rates, the sound infrastructure, the oldest and largest university in north-east Germany, all stimulate demand. In addition to the economic prerequisites, the scenic landscape and the well-developed infrastructure act as supporting factors. Indeed, the Hanseatic and University City of Rostock combines the advantages of a major city with the charm of a seaside resort. By opting for a condominium in Rostock, you not only make a prudent long-term investment decision but also become a homeowner in a city rich in tourist attractions. The Baltic Sea resort town of Warnemünde is one of the northern districts of the Hanseatic City of Rostock and home to the city’s port, creating a holiday ambience any time of year with its broad beachfront promenade. Impressive edifices from the days of the Hanseatic League include the historic warehouses at the eastern end of the city’s port which today serve as classy backdrop for corporate headquarters and events. The western part of the city harbour features a diversified gastronomic and cultural landscape whose theatres, music and art appeal equally to locals, new arrivals and tourists.