Overview

• Vonovia, Dresden's largest landlord with 43,000 apartments, plans to invest €90 million in 2025 to upgrade existing properties, including projects at Neustädter Markt and Hochschulstraße.
• The company has paused all new construction in Dresden due to inflation and high borrowing costs, focusing instead on completing prior projects and enhancing current housing stock.
• Rent increases have been applied to 25% of Vonovia's units, all within legal rent-index caps, with the average rent remaining below the city average at €6.95/sqm.
• Vonovia is collaborating with the city to redistribute occupancy rights for 8,700 social housing units more evenly, aiming to address concentrated social challenges in certain neighborhoods.
• A recent tenant satisfaction survey reports over 80% approval, though localized maintenance issues and critiques of rent-hike practices continue to draw scrutiny.