Commission-free Houses to buy in Sachsen

In the East, Saxony is at the top in terms of economy and urban house prices

Of all the now not-so-"new" German states, Saxony has certainly shown the most remarkable economic development since the 1990s. Not only in large cities such as Dresden, Leipzig and Chemnitz have numerous companies from the microelectronics, information, communications, biotechnology and nanotechnology, mechanical, plant and vehicle engineering, aerospace, solar and energy, food and logistics sectors settled since then, Small and medium-sized towns such as Zwickau, Bautzen, Freiberg, Görlitz, Pirna and Schkeuditz have also benefited greatly from such settlements, especially in the last 10 years, and almost all have seen double-digit percentage increases in the number of their socially insured employees. Tourism now also plays a major role in the state, primarily in the form of city breaks and in the Erzgebirge, Saxon Switzerland and Vogtland regions. However, the economic upswing in the Free State has so far still largely been a phenomenon in the cities and metropolitan areas mentioned above, which are therefore also becoming more expensive in terms of real estate prices. Some rural and rather structurally weak regions, such as in the counties of Görlitz, Bautzen and Nordsachsen, have in part significantly lower prices for houses of all kinds due to mostly low demand for housing.

The federal state shows strong regional differences in real estate prices

The current average price of around 235,000 euros for houses throughout Saxony must therefore be viewed in a correspondingly differentiated manner. While a detached single-family house in good to very good locations in Dresden (Radeberger Vorstadt, Seevorstadt-Ost, Kleinzschachwitz, Gruna, Loschwitz/Wachwitz, Bühlau/Weißer Hirsch, Innere Altstadt) or Leipzig (Zentrum, Gohlis-Süd, Gohlis-Nord, Grünau-Ost, Schönefeld-Abtnaundorf, Mölkau, Reudnitz-Thonberg) can easily cost between approx. 3,000 and 4,000 or 2,000 to 2,500 euros/m², one can get one in Torgau and Zwickau, for example, for around 1,200 euros/m² and in Bautzen and Chemnitz for around 1,500 euros/m². This almost corresponds to the current Saxon average price per square meter for houses of just over 1,400 euros/m². However, in towns or neighborhoods with less demand, such as Plauen (Hofer Vorstadt), Pausa/Vogtland, Oelsnitz, Reichenbach, Riesa or Großenhain, the price is still often only around 1,000 euros/m² or even significantly lower, depending on the exact location.Asa rule, however, the majority of such low-priced offers are for properties that have not been refurbished and/or tend to be remote or difficult to reach.

Central Saxony as an investment for the future, opportunities for bargains at the borders

A comparably moderate price structure can also still be found in some towns in the district of Central Saxony, which is strategically located between the conurbations of Chemnitz, Dresden and Leipzig and is generally predicted to continue its good economic development. With the exception of the university town of Freiberg and the flourishing town of Flöha, where houses are now selling for around 1,600 euros/m², prices in Mittweida, Döbeln, Burgstädt and Brand-Erbisdorf, for example, are often still below 1,000 euros/m². In principle, and with some local exceptions, the general rule of thumb for buying a house in Saxony is that prices in the major cities, as well as in the center, south and west of the state, are currently higher than those in the north, east and on the borders with Poland and the Czech Republic. Even in the direct border regions with the neighboring states of Brandenburg, Saxony-Anhalt, Thuringia and Bavaria, bargains can often be found for around 1,000 euros/m², for example in Lauta, Eilenburg, Oschatz, Delitzsch, Meerane and Crimmitschau. However, the Leipzig-Halle conurbation in the border regions of Saxony and Saxony-Anhalt, which as the core of the metropolitan region of Central Germany is one of the economically strongest areas in the whole of Eastern Germany and therefore also generates steadily rising house prices, is exempt from this "border rule".

Shorts facts Buying houses in Saxony:

- Saxony as an economic model pupil in the East records rising prices
- In good locations of Dresden and Leipzig there are no differences to the West
- Favorable opportunities still exist at the borders to Poland and the Czech Republic
- The border regions to the neighboring federal states are mostly still affordable
- The "border rule" does not apply to the very dynamic metropolitan area Leipzig-Halle
- The district of Central Saxony is expected to continue to develop well
- The center, the West and the South are more expensive than the North and the East