Prora Resort

From Pariah to Prime Beachfront

prora_3_DPA_Stefan Sauer
The revamped Nazi resort is popular with wealthy buyers.
  • Why it matters

    Why it matters

    • Developers who were ready to look past the building’s dark history a decade ago are now cashing in.
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  • Facts

    Facts

    • Real estate entrepreneur saw the potential of the rundown Nazi-era site and bought several blocks in 2006 for less than a half-million euros.
    • Wealthy buyers are drawn to the seafront location and by tax benefits due to the resort’s status as a historic building.
    • Prices have soared by 15 to 20 percent over the past year with the most attractive properties fetching up to half a million euros.
  • Audio

    Audio

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Large parts of Prora, a Nazi-era vacation resort on the Baltic Sea that spent eight decades in mothballs after World War II, are now emerging from the mold and decay, as builders scamper through the giant development.

That doesn’t bother real estate entrepreneur Ulrich Busch as he guides potential buyers across a dusty forecourt, through a half-finished lobby and up a nearly 80-year-old stairwell to what in 2015 is called a model apartment.

Awaiting them is a bedroom with a walk-in closet, parquet floors, a chic designer bathroom and best of all, a balcony with an uninterrupted view of the Baltic, west of Rostock, Germany.

“There’s been tremendous interest,” Mr. Busch tells a visitor.

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