Rent in Dresden: A look at 30 years of prices explosion!

Rent in Dresden: A look at 30 years of prices explosion!

Striesen, Deutschland - in Dresden is not only the culture that blooms, the development of the living market also causes a stir. The current Situation shows that rental prices have experienced a dramatic increase in recent decades. In order to understand the dimensions of this development, it is worth taking a look at the numbers of the past 30 years. According to [Sächsische] (https://www.saechsische.de/lokales/Dresden/wo-wohnen-in-dres-heute-heilig-weniger-kostet-vor-30- vbfdw54m5nehhmqf4ass3i5nie.html), the average basic rent in Dresden has been more than tripled since 1995-from then to an impressive 7.62 euros per square meter in 2024. The warm rent has increased even more faster, from 4.78 euros in 1995 to 10.78 euros today, which makes up a plus of 6 euros per square meter.

This means that a 70 square meter apartment in Dresden was available from 1995 for only 334.60 euros per month, while the same premises cost 754.60 euros in 2024. A rich plus of over 125 percent that not only presents the tenants, but also those seeking apartments for challenges.

district analyzes

The rental prices vary significantly depending on the district. In the old town, tenants had to make do with 4.85 euros per square meter in 1995. Today this price has increased to 11.61 euros - an increase of 140 percent. There is also a clear trend in Gorbitz, where rents in 1995 were 4.78 euros: with now 10 euros per square meter, the price has almost doubled. Prohlis stays behind, but still had to have an increase of 10.14 euros, which corresponds to an increase of 115 percent.

As far as income is concerned, this also experienced a positive development. The budgetary equivalence income rose from 920.30 euros in 1995 to a total of 2200 euros in 2024 - an increase of almost 140 percent. Despite these gratifying income growth, there are regional differences: in Prohlis, the income is almost 600 euros below the average, while the old town is around 100 euros above. Here, too, it can be seen that the gap between the income relationships is slowly but surely apart.

Rental price development and vacancy

In the current rental market of Dresden, the average rent rose to 5.40 euros per square meter, which corresponds to an increase of 7 percent within the past five years. This is particularly evident in newer residential complexes, where the cold rent for 2000 apartments increased by 11 percent to EUR 6.65, as the [Statistics Dresden] (https://statistik-dresden.de/ Development-von-mietpreisen- and-Wohnkaum-in-in-dresden/) reports. Compared to Berlin, where the cold rents increased by 35 percent, Dresden remains after - however, the demand for living space remains high.

Another challenge for the Dresden housing market is the high vacancy in the office area, which is 11.9 percent of the approximately 2.4 million square meters of office space. This indicates that adjustments are also required on the office market to cover local needs.

The living space problem in Dresden shows how important it is to create offers that can keep up with the increasing prices. Tenant: Inside and landlord: Inside, the grown prices should always keep an eye on. Information on this offers the current rent index that are based on the analyzes of rental apartments listed in real estate portals and are available in over 500 cities in Germany, according to the [apartment exchange] (https://www.wohnungsboerse.net/mietspiegel- rent prices).