The stylish, diverse and vibrant city of Wiesbaden is becoming more attractive to investors every year. It is a multifaceted city, a wine-growing region, a meeting place for various architectural styles of the 19th century and the oldest European spa with thermal and mineral springs. The huge demand for real estate in Wiesbaden is due to the city's stable economy, high living standards, good incomes for local residents and the highest purchasing power of the population in Germany.
Features of the real estate market
Wiesbaden is the capital of the federal state of Hesse and a city with a population of over 290,000 (as of December 31, 2021), located a few kilometers from Frankfurt am Main. Wiesbaden is known for its spa area, thermal and mineral springs, of which there are a total of 15, the high development of preschool institutions and many organized start-ups.
In 2021, Wiesbaden was ranked 6th among the richest cities in Germany with over 200,000 inhabitants.
In 2021, urban purchasing power exceeded the national average of 113.3% (Germany - 100%) - this corresponds to an average purchasing power of 23,400 euros per capita.
For comparison: Munich has the highest value of the indicator among German cities with 28,247 euros per inhabitant. The GDP per employed citizen of Wiesbaden is 77,499 euros. In the Zukunftsatlas-2016, Wiesbaden was ranked 48th in the list of 402 counties and cities in Germany "with a high perspective for the future."
City appearance, architecture
Only a third of all buildings in Wiesbaden were destroyed during the Second World War, and therefore the city is still dominated by old buildings. The peculiarity of local architecture is that most of the buildings were erected in the second half of the 19th century, and therefore here you can admire historicism and modernism, as well as the last traces of classicism.
New buildings, like post-war architecture, can be found on the outskirts of Wiesbaden. Office buildings and shopping centers were also built mainly outside the center.
Administrative division of Wiesbaden
Wiesbaden Square is divided into 26 districts, 6 of which belong to the main city of Wiesbaden-Alt, and the remaining 20 have been organized for communities registered since 1926. There are also several settlements and residential areas with their own names on the territory of the city.
On the right side of the Rhine River are the former districts of Mainz, converted to Wiesbaden after World War II - which is why the prefix “Mainz” is still used in the names of the 3 counties.
| District | Short description |
|---|---|
| Auringen | Popular due to its proximity to the center of the area with two state farms and three subsidiary plots. Despite its rural appearance, the area has fast transport links thanks to the A3 motorway. Clean air thanks to its proximity to a low mountain range. There is a kindergarten, primary and secondary school. |
| Biebrich | Lively, self-confident area with good infrastructure. Popular for the park located here with an 18th century castle, the Rhine Embankment. There is no shortage of shops, restaurants, cafes, sports, cultural and social events. There is an exit to the highways A 66, A 643, A 647. There are kindergartens and schools. |
| Bierstadt (Bierstadt) | An area in close proximity to the center with good infrastructure and recreation area. In the west - Aukammtal with clinic and spa, thermal bath and pharmacies. There are agricultural land in the east and west. The popular Hotel Wartturmgelände is located here. Festivals and club events are held regularly. There is a kindergarten, schools, and a youth center. |
| Breckenheim | An area with good infrastructure and a rustic character, no commercial settlements. There are many green areas - forests, meadows, fields, the largest adjacent meadow gardens. Differs in a lively club life. Several kindergartens, an elementary school, a youth club. |
| Delkenheim | The area is dominated by an agricultural structure, but the area is close to the center - 10 minutes by car. In the east, there are vineyards and orchards. New residential areas have recently been built on the outskirts. In the west there is an industrial park, production, trade and administrative buildings. Good transport links. Primary school, kindergarten. The federal highway B 40, motorways A 3, A 66, A 671 pass. |
| Dotzheim (Dotsheim) | There are many attractions in the area - the railway museum, the longest monument in Hesse Aartalbahn, etc. Tourists also come for the wine festivals. There is a kindergarten and an elementary school; there are no secondary schools. |
| Erbenheim | The area is home to the popular Wäschbach recreation area. Erbenheim is an agricultural area with good infrastructure, with a highly developed commercial area (there are many service providers, office and administrative buildings). Important points of the city can be reached by the federal road B 455, motorway A 66. |
| Frauenstein | The area where viticulture is developed, there are the most beautiful half-timbered houses Falkerscher Hof and Schönbornscher Hof, Sommerberg Castle, a large hotel. Tourists come here to watch the cherry blossoms in late April - early May. |
| Heßloch | The area is characterized by a rural structure, bordered by a wooded hill and an attractive residential area. The secondary school has to travel to neighboring areas. |
| Igstadt (Igstadt) | The area is located on the railway line between Wiesbaden and Niedernhausen, on the motorway in Nordenstadt and on the direct route to Bierstadt. Igstadt has a beautifully restored city center, agricultural areas and the Wickerbachtal nature reserve. |
| Klarenthal | Residents of one of the newest districts are attracted by a large recreation area, many green areas and restaurants, a livestock park, and summer festivals. |
| Kloppenheim (Cloppenheim) | The area is characterized by beautiful half-timbered houses. Local farms focus on fruit production. There is a connecting road with the center, bicycle and pedestrian paths. Rich club life, riding courses. |
| Mainz-Amöneburg (Ameneburg) | The area includes industrial and residential areas, modern office and residential buildings, a neat kindergarten, a magnificent sports complex, two churches. |
| Mainz-Kastel | The area was completely destroyed on September 8, 1944, and therefore today it is completely modern and built up with new buildings. There is a developed business park here. |
| Mainz-Kostheim | The area has a landscaped area called Maaraue with a large outdoor pool. There is a winery with a wine tasting boutique. A large industrial zone is located here. |
| Medenbach | The residential area is bordered by an old forest, agricultural land is located in the south and west. Here is the A3 motorway and a fruit tree garden. The “noise protection system” protects residents from noise. |
| Mitte | The state parliament of Hesse, the market church, the old and the new town hall are located in the city center. The two main living areas are located in the north of the mountain temple and in the “south center”. Mitte is home to large hotels, restaurants, hot springs, a youth circus, department stores, retail stores, business streets, and a theater. Residents of all districts come to the “week of wine”. |
| Naurod (Naurod) | Residential community without large commercial areas and agricultural land. Particular attention is paid to the preservation of the village structure and recreational areas. The International School is located here, where students from many other areas come. |
| Nordenstadt (Nordenstadt) | Industrial companies are developing in the region.There are all the necessary social and medical institutions, recreation facilities, clubs, hotels, a multifunctional sports center, residential buildings. Reputable service providers are joining traditional farms. |
| Nordost | Green area (about ⅔ of the territory is occupied by forests) with spacious park landscapes in the resort area, spa gardens, bowling. The southern slope is used for winemaking needs. here are located sights of historical and architectural significance - the Kurhaus with a casino, the State Theater, the Nerobergbahn, the Clementine villa. The Old Cemetery recreational zone is located in the west. The area is home to financial sector companies, hotels, shops, the Federal Criminal Investigation Office, and the Hessian State Survey Agency. |
| Rambach | An independent municipality with a lively club life. The area is surrounded by fields, meadows and forests. There are no major commercial or industrial areas in the immediate vicinity. Good infrastructure, easy access to neighboring areas. |
| Rheingauviertel, Hollerborn | A popular area with a high quality of life. Here is the University of Applied Science in Hesse, schools of all levels. It is characterized by high building density and many green areas. Any institution is easily accessible on foot or by bike - small businesses, shops, recreational facilities, sports facilities, indoor and outdoor swimming pools, a sports field and a hockey rink. |
| Schierstein | The favorable location makes the area one of the most popular places to live. The harbor with sailing and motor yachts gives a special charm to the area. 5 kindergartens, 3 primary and secondary schools have been opened. There are many shops and a large shopping area. |
| Sonnenberg | An upscale area with beautiful luxury villas, a historic center and rich natural surroundings. The area is characterized by a lively club scene. Many new houses have been erected on the outskirts, and numerous shops offer excellent shopping. Local residents have the highest purchasing power. |
| Südost | Densely populated area, which houses the central station Delta House, the administrative buildings of the Ministry of Internal Affairs, the Federal Statistical Office, a sports stadium. Modern residential and office buildings and shopping centers are located along Meinser Strasse. The Center for Justice and Administration is open here, all the courts and judicial bodies of the city are gathered, as well as a significant part of the administrative apparatus, the State Chancellery, the Ministry of Justice and Science. Large IT companies CSC Ploenzke and Vitronic operate here. |
| Westend, Bleichstraße | An area characterized by a vibrant social life and meticulously restored buildings. Wellritzstraße is actively being modernized with many popular restaurants, fashion stores and late-night outlets. The area is densely built up, the traffic is dense, and it is noisy in the evenings. There is a high quality of life here thanks to the diverse infrastructure, the presence of schools, kindergartens, and a civic center. |
Infrastructure, cultural and entertainment institutions
Wiesbaden has excellent infrastructure. The city has many educational institutions, including the RheinMain University of Applied Sciences (12,800 students), the European School of Business (1,800 students), 40 primary schools, 23 vocational schools, 12 secondary schools, 7 modern secondary schools, 7 general education and 9 special schools, as well as several private educational institutions and the Volkshochschule with courses for adults. For the investor, this means great prospects in terms of renting out the real estate purchased in Wiesbaden to students.
Wiesbaden is known for its many salty hot springs with medicinal properties. Residents of all regions of Germany and foreign citizens come here to recuperate in local baths.
There are also many rehabilitation and special clinics operating on the territory of Wiesbaden. There are 18 medical institutions ranging from general hospitals to private cosmetic clinics.
The most famous is the diagnostic clinic. The largest general hospitals are Helios Dr. Horst Schmidt Kliniken Wiesbaden (HSK), St. Joseph's Clinic and Asklepios Paulinen's Clinic.
In this regard, an investor can receive tangible income from renting apartments located in the immediate vicinity of medical institutions - often patients and their families are forced to stay in the city for several months.
Each of the districts of the city has its own traditions; numerous events like festivals are held annually. Many hobby clubs have been opened, with members regularly showing their skills in public.
The most popular cultural destinations are the State Theater of Hesse and the Wiesbaden Museum. Young people visit nightclubs, cinemas, sports facilities, bars. Staying in Wiesbaden does not seem boring to the residents of the city, and therefore no one tends to move.
Tourism and its impact on the city's economy
Tourism is not the main economic factor in Wiesbaden. Nevertheless, the flow of tourists is quite powerful. There are about 11.5 million travelers here every day (in Berlin - 20 million, in Frankfurt am Main - 6 million). The average length of stay in the city is 2.5 days.
There is no shortage of hotels in Wiesbaden: 77 hotels and guest houses have 7,133 beds.
The youth hostel at Elsässer Platz is one of the largest in Germany with 220 beds. There are also 3 campsites with places for 6400 people (11,800 overnight stays per year). Therefore, it hardly makes sense to open new hotels, but the purchased ready-made business will bring income for many years, and the investments will pay off quickly.
Economy and industry
In total, about 12,000 companies, from craft shops to large corporations, have established headquarters in Wiesbaden. As of 2021, the city employed about 174,000 people. In March 2021, the unemployment rate was 7.6%.
In recent decades, the share of manufacturing in Wiesbaden has steadily declined and now accounts for less than a third of the city's production. There are such large enterprises as:
- Abbott und AbbVie (biopharmaceutical company),
- Kion Group (a holding company engaged in the supply of industrial machines),
- Henkell & Co (a sparkling wine company),
- Swedish company SCA (production of paper products and personal care products),
- Smiths Heimann GmbH (a leading international manufacturer of airport X-ray inspection systems),
- Bilfinger Construction GmbH (construction company),
- EDAG (development partner for the automotive and aerospace industry),
- SGL Carbon (leading graphite manufacturer).
More than 80 other companies are located in the InfraServ Wiesbaden industrial park. Viticulture plays a huge role for the city's economy. The largest industrialist with headquarters and production in Wiesbaden is Henkell & Co.
Transport connection
Several motorways and federal highways pass through Wiesbaden. It can be safely called a passenger city, since it is convenient to get from here in any direction, both by private car and by public transport. But cycling in Wiesbaden is considered dangerous, as there are few special bike paths here.
The main railway station operates to the south of the center; 10 stations are open in the districts. Wiesbaden is connected to the S-Bahn Rhein-Main network. Since the completion of the high-speed line, the city has been connected to the ICE network.
Wiesbaden does not have its own airport, but city residents can find the nearest air transport center in Frankfurt am Main. In the Erbenheim area there is a US Army military airfield.
The city is located on the federal waterways Rhine and Main. In the summer months, ships of various passenger shipping companies operate. There is also the Nerobergbahn, a funicular operated by water.
Wiesbaden is the first major city in the world and the first city in Germany to run buses between cities. It is the second largest German city (after Münster), which has no trams or metro. The authorities have repeatedly advocated the launch of several tram lines, so trams are likely to appear here in the future.
Real estate market
The Wiesbaden administration has recently started planning and implementing a number of construction projects.
- For example, about 90 new apartments are expected to appear on the vacant lots of the Parkfeld residential complex in the Biebrich district.
- The Lindenquartier at Kostheimer Floßhafen will also develop, with around 600 residential areas and several office and commercial buildings.
- The expansion affected not only the urban area, but also public places. For example, construction work is currently underway at the Rhein-Main-Halle, with completion scheduled for 2021.
- The pedestrian area in the center of Wiesbaden was also affected by renovations that were completed in 2021.
The city authorities are striving not only to end the shortage of housing, but also to bring the quality of life of the population to an even higher level.
As you might expect, real estate properties in the very center of Wiesbaden are especially in demand, since even in the central part of the city, where the main infrastructure is located, there is a relatively calm and quiet atmosphere. Due to the high quality of life, due to the impressive budget of Hesse, the demand in the real estate market has grown significantly in recent years. However, the pace of development of urban areas is gradually slowing down - only a few new buildings can be found between the numerous historical facades of buildings.
Away from the city center, the image of old buildings is increasingly being replaced by post-war houses, which were erected to expand the urban area. Southeast of the center of Wiesbaden, modern administrative buildings have been built since the 1950s, such as the Zircon Tower, the second largest building in the city.
In Wiesbaden, there are practically no large industrial areas, the only exception is the area around Meinser Strasse: the development of this area in the last decades of the 20th century was subjected to serious changes due to the demolition of objects and redevelopment by new owners.
Features of residential and commercial real estate in the districts of Wiesbaden
Despite the fact that real estate is in high demand in the central districts of Wiesbaden, buildings in the suburbs are no less interesting. Outside the center are the formerly independent towns and communities (Dotzheim, Schierstein, Biebrich, Bierstadt, Sonnenberg and Rambach).
The urban character of the settlements is noted in the districts Mainz-Kastel and Mainz-Kostheim. The rustic structure is typical for areas such as Naurod, Auringen, Breckenheim, Medenbach, Kloppenheim, Heßloch, Igstadt, Nordenstadt, Erbenheim and Delkenheim. In this way, every interested party will find what they are looking for in Wiesbaden.
- If the investor is fundamentally determined to buy real estate in the city center, not far from the central part is the Nordost district, two-thirds of which are parks and green areas offering ample space for sports and recreation. There are several Wilhelmina-era villas and refurbished tenements to provide housing for families, seniors and couples.
- Another popular place to stay is Neroberg, with easy access to the Nerobergbahn (water-operated funicular) and the Opelbad, one of Germany's most beautiful bathing establishments, on the hill. Opportunities to have barbecues and take the kids to the playground are provided by the old cemetery, which is why the area is popular with families with children.
- To the left of Altstadt is the Westend, most of the houses have been here since the first decades of the 19th century.
- Wellritzstraße is home to many boutiques, world cuisine restaurants, bars and cabarets.
- The Ring Church forms the border between the Westend and Rheingauviertel districts, one of the most beautiful Art Nouveau neighborhoods in Germany, where students and singles are predominantly inhabited due to the proximity of a college, bars and employment establishments.
But it is worth noting that the quality of life in the suburbs of Wiesbaden can also be characterized as high. Dotzheim, Breckenheim and Frauenstein with their rustic structure are especially noteworthy for those seeking rural life.
Biebrich with its excellent Residenzschloss offers a lively social life with hobby clubs, sports and cultural activities. Biebrich also houses a thermal medicine center.
Naurod is well connected to the motorway network, and therefore most interesting for drivers and people who have to travel daily to neighboring cities and areas.
The table below will help to get an idea of which strata of the population are popular among the representatives of this or that district of Wiesbaden, as well as the change in demand for real estate in comparison with last year:
| District | Attractiveness for certain segments of the population | Real estate demand dynamics (%) |
|---|---|---|
| Auringen | Families with children | 1.3 |
| Biebrich | Young couples, single people, families with children | 0 |
| Bierstadt (Bierstadt) | Young couples, families with children, retirees | 4.3 |
| Breckenheim | Seniors, families with children | 6.1 |
| Delkenheim (Delkenheim) | Young families, childless couples | 7.8 |
| Dotzheim (Dotsheim) | Single people, childless couples | 5.7 |
| Erbenheim | Childless couples, industrial workers | 4.7 |
| Frauenstein | Young families, seniors | 18.5 |
| Heßloch | Seniors, lonely people | 12.9 |
| Igstadt (Igstadt) | Elderly people, farm workers | 2.3 |
| Klarenthal | Young couples | 3.6 |
| Kloppenheim (Cloppenheim) | Farmers, Horse Riders | 0 |
| Mainz-Amöneburg | Families with preschool children, office and business workers | -3.7 |
| Mainz-Kastel | Families with children, businessmen | -5.2 |
| Mainz-Kostheim | Industrial workers, lonely people | 18.1 |
| Medenbach | Elderly people, farm workers | 0 |
| Mitte | Young couples, businessmen, aspiring entrepreneurs, administration staff, single people | 2.2 |
| Naurod (Naurod) | Families with school-age children, retirees | 11.1 |
| Nordenstadt (Nordenstadt) | Families with children, seniors, farm workers | 11.6 |
| Nordost | Young couples, government employees, wealthy families | 1.9 |
| Rambach | Seniors, lonely people | -7.6 |
| Rheingauviertel, Hollerborn | Families with children, students | 4.5 |
| Schierstein | Families with children, lonely people | 8.1 |
| Sonnenberg | Wealthy families and single people, businessmen | 2.8 |
| Südost | City administration employees, employees of IT companies, families | 3.1 |
| Westend, Bleichstraße | Lonely people, retirees | 0 |
Features of commercial real estate
In Wiesbaden, representatives of all segments of the population feel equally comfortable - single people, childless couples, families with children, the elderly and students. However, when buying commercial real estate, you should definitely pay attention to the area of the city, since the demands of residents of different areas often differ.
- The Sonnenberg area is home to the elite - wealthy families, businessmen, wealthy immigrants. Here you can be guided by the opening / purchase of enterprises designed for high-income citizens. These can be expensive restaurants, spas, saunas, designer clothing boutiques, health food stores, fitness centers.
- Businessmen come to Mainz-Kastel, because business centers are open here, meetings are held regularly. A good idea would be to open a small hotel with a conference room, a coffee shop, an open-air cafe, and an electronic device store.
- The central districts of Mitte and Südost are inhabited by members of the city administration, businessmen and entrepreneurs. The emphasis should be placed on restaurants where it is convenient to hold business meetings, cafes and coffee shops with food and takeaway coffee, rented apartments with daily rent.
- There are many students in the Rheingauviertel area as there is a college nearby and rental rates are not that high.Here it is most profitable to purchase multi-apartment buildings, apartment buildings, separate apartments: 1-room and multi-room (for those who want to share housing).
- Families with children prefer to stay at Naurod, as schools of all skill levels are open here, as well as a variety of clubs and after-school groups. Accordingly, in this area, a good investment will be the purchase of a children's cafe, a children's clothing store and school supplies, entertainment facilities.
It is possible to buy land in Wiesbaden in those areas where there is currently no construction of new territories, but where the authorities are planning to build new residential buildings - the cost of the plots will increase sharply as soon as communications are carried out.
Average cost of residential and commercial property
Due to numerous renovations and a limited supply on the real estate market, the cost of residential and commercial properties in Wiesbaden is considered quite high today. Since most of the old buildings are located in the central part of the city, purchase prices are in the higher price segment.
Buyers' demands have also increased: they are looking for refurbished or newly built buildings and high-end amenities.
Villas and private houses are in particularly high demand. Purchase prices for real estate in Wiesbaden are significantly higher than the average for Germany. Only small one-room condominiums are currently relatively cheap: a 20 m2 condominium in the peripheral areas will cost about 40,000 euros, in the central areas its cost increases by about 10,000 euros.
Those interested in buying real estate in Wiesbaden should pay close attention to home furnishings. For example, a new 100 m2 apartment in Berstadt, which was ready to move in in 2021, will cost approximately 420,000 euros. A residential space of 15 m2, built in the 1990s and renovated in 2021, will cost only 250,000 euros.
As for commercial real estate, their cost is also not affordable. You can find the current prices for some types of buildings in the table below:
| Property object | Year built | Area, m2) | Profitability (%) | Absolute Income (EUR) | Cost (EUR) | Add. expenses (notary, purchase tax, broker's commission) |
|---|---|---|---|---|---|---|
| Hotel | 1905 | 536 | 4.9 | 158.22 | 3,200,000 | 0.015 0.06 0.06 |
| Supermarket | 2015 | 1.8 | 5 | 450 | 9,000,000 | 0.015 0.06 0.048 |
| Office building | 2015 | 8.4 | 4 | 720 | 18,000,000 | 0.015 0.06 0.036 |
| Large hotel | 2015 | 5.8 | 5.5 | 1,375,000 | 25,000,000 | 0.015 0.06 0.048 |
| Historic apartment building in the center | 1899 | 1.322 | 4.5 | 239.148 | 5,250,000 | 0.015 0.05 0.06 |
Prices for apartments of various sizes
The tables below contain information on the average cost of 1 m2 of living space of apartments in Wiesbaden, the federal state of Hesse and Germany, as well as the dynamics of prices for apartments with an area of 30 m2, 60 m2 and 100 m2 for the period from 2021 to 2021:
The table below shows the average prices for apartments in the Wiesbaden districts where apartments are currently on sale:
Prices for individual residential buildings of various sizes
You can find out how much a house in Wiesbaden, Hesse and Germany costs in 2021 from the first table below. The second table contains information on changes in house prices from 2021 to 2021:
From the table below you will learn about the average cost of 1 m2 of private house area in those areas of Wiesbaden where similar objects are on sale today:
The following table provides information on the average cost of individual houses in various districts of Wiesbaden, based on an analysis of sellers' offers in 2021:
| District | House prices (euro) |
|---|---|
| Auringen | 425 000 |
| Biebrich | 533 000 |
| Bierstadt (Bierstadt) | 621 000 |
| Breckenheim | 404 000 |
| Delkenheim (Delkenheim) | 388 000 |
| Dotzheim (Dotsheim) | 497 000 |
| Erbenheim | 403 000 |
| Frauenstein | 512 000 |
| Igstadt (Igstadt) | 375 000 |
| Kloppenheim (Cloppenheim) | 485 000 |
| Mainz-Amöneburg | 279 000 |
| Mainz-Kastel | 518 000 |
| Mainz-Kostheim | 309 000 |
| Medenbach | 351 000 |
| Mitte | 509 000 |
| Naurod (Naurod) | 580 000 |
| Nordenstadt (Nordenstadt) | 405 000 |
| Nordost | 1 221 000 |
| Rambach | 638 000 |
| Rheingauviertel, Hollerborn | 313 000 |
| Schierstein | 420 000 |
| Sonnenberg | 1 001 000 |
| Südost | 878 000 |
In the table below you can see the average prices for condominiums in the areas of Wiesbaden where they are currently available for purchase:
| District | Condominium prices (EUR / m2) |
|---|---|
| Auringen | 1.750 |
| Biebrich | 2.400 |
| Bierstadt (Bierstadt) | 2.750 |
| Delkenheim (Delkenheim) | 2.000 |
| Dotzheim (Dotsheim) | 2.800 |
| Erbenheim | 2.150 |
| Frauenstein | 3.500 |
| Igstadt (Igstadt) | 2.800 |
| Klarenthal | 2.200 |
| Kloppenheim (Cloppenheim) | 2.450 |
| Mainz-Kastel | 3.100 |
| Mainz-Kostheim | 1.900 |
| Medenbach | 1.450 |
| Mitte | 2.400 |
| Naurod (Naurod) | 2.400 |
| Nordenstadt (Nordenstadt) | 1.950 |
| Nordost | 3.500 |
| Rambach | 2.300 |
| Rheingauviertel, Hollerborn | 2.450 |
| Schierstein | 2.350 |
| Sonnenberg | 3.050 |
| Südost | 2.800 |
Rental prices for residential and commercial real estate
Rental rates for rental housing and commercial properties in Wiesbaden are significantly higher than the average prices in Germany. Here, however, there are some price differences that should be noted.
Newly built apartments and houses in 2021 and beyond will cost more than refurbished apartments in 1990s buildings. An apartment in Erbenheim, built in the 1990s, with an area of about 90 m2 will cost approximately 750 euros per month.
For an apartment with an area of about 95 m2, modernized in 2021, you will have to pay 1050 euros per month. Of course, if the apartment is located in the heart of the city, interested parties should be prepared for higher prices due to the favorable location. In addition, the high cost of rented housing in the center is due to the fact that most of the old buildings are located here.
The table below shows the rental prices for some of Wiesbaden's commercial properties:
| Commercial property | Area, m2) | Cost for 1 m2 (euro) | Total cost (EUR) |
|---|---|---|---|
| Office building | 3174 | 14.4 | 45706 |
| Private practice room | 294 | 8 | 2352 |
| Manufacturing facility | 1024 | 5 | 5120 |
| Warehouse space | 2000 | 5 | 10000 |
| Clothing store | 87.74 | 43.31 | 3800 |
| Retail store on the ground floor of the building | 147 | 54.43 | 8000 |
| A restaurant | 350 | 8.58 | 3000 |
| Grocery store | 30 | 20 | 600 |
| A cafe | 111 | 13.43 | 1490 |
| Industrial plant | 3500 | 24.8 | 86800 |
It is worth mentioning that due to the high cost of housing and commercial properties in Wiesbaden, many investors find a worthy option to earn money by subletting premises.
The demand for rented apartments, for example, rises sharply in spring and summer: tourists rush to the city, and parents of students begin to think about accommodation for their children. If you rent a house for rent in winter and wait for spring, you can rent an apartment at a higher cost, when there are practically no offers on the market, and you can make money on the difference between the current and original rental rates.
Prices for renting apartments of various sizes
The demand for rental housing in Wiesbaden is high, which is confirmed by statistics - from the publication of the announcement of the rental of apartments to the signing of the contract by new tenants, it takes an average of 14 days. Residents of the city spend 19.1% of their monthly income to pay for rented space.
The first of the two tables below will tell you at what cost you can rent an apartment in Wiesbaden, Hesse and Germany in 2021. The second table shows the dynamics of apartment rental prices for the period from 2021 to 2021:
The table below contains information about the average rental prices for apartments in different areas of the city of Wiesbaden:
Private house rental prices
The average rental cost of residential buildings with an area of 100 m2, 150 m2 and 200 m2 in Wiesbaden, the federal state of Hesse and Germany for 2021 is shown in the first table, and the second table shows the dynamics of rental prices for houses of various sizes for the period from 2021 to 2021:
The table below contains information about the average rental prices for houses in different areas of Wiesbaden:
Conclusion
According to the business magazine Cash, published in 2021, Wiesbaden is ranked 1st in the ranking of the most successful places to buy real estate. The most important indicators of the investment attractiveness of real estate only confirm this bold statement:
- the city is experiencing rapid population growth;
- the economy of Wiesbaden has been stable for decades due to the fact that it does not depend on one sector of industry - many industries are open here, there is a large number of service providers;
- the unemployment rate in the city is low;
- the local population's ability to pay is colossally high due to the city's wealth and competitive salaries;
- the educational and medical sectors are developed in Wiesbaden - thousands of students and clinic clients come here from abroad and from other parts of Germany;
- a large number of employers contribute to the influx of labor from other lands;
- there is a tourist flow in Wiesbaden - there are a sufficient number of attractions, events and resort areas, as well as hotels to accommodate guests;
- the city is constantly developing thanks to the opening of new startups;
- the authorities are expanding the urban area to meet the demand in the real estate market.
Buying a property in Wiesbaden will be a profitable investment, generate significant returns and meet expectations.
In conclusion, we recall the main average indicators of prices for the purchase and rental of real estate, obtained during the analysis of the investment attractiveness of residential properties in Wiesbaden:
- average rental price: 9.20 euro / m2
- average cost of 1 m2 of apartment area (30 m2): 1392 euros;
- average home value: 615,000 euros;
- average cost of a condominium: 2,650 euros / m2;
- dynamics of real estate prices in comparison with the previous year (2021): + 3.30%.
