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Dresdner Neueste Nachrichten, 20 September 2013: “Expensive Prime Locations”

“Highly stable” and “highly differentiated” read the auspicious verdict of the Mitte-Ost chapter of the IVD Federal Investment and Asset Management Association about the real estate market in Saxony and Saxony-Anhalt. According to the representative list of rents, rates in Dresden are on the rise. Moreover, housing in prime locations is increasingly hard to come by. Condominiums continue to be in high demand.

The Accentro Homeownership Report documents that condominiums continue to have a high standing. A total of 3,862 condominiums were sold in Dresden in 2012. This puts the city in seventh place in Germany. With a total turnover of 470.3 million euros last year, which implies a 15.6-percent increase, the Saxon state capital is topped only by nine other cities in Germany. The average sales price of 121,776 euros, however, ranks only in the mid-field segment.