Property in Saxony
Saxony. General information about the market
Saxony is one of the largest federal states in Germany, located in the eastern part of the country. Saxony is a cultural, educational and tourist center. Every year tourists come here to admire the picturesque landscapes, ancient architecture, exhibitions in modern panorama museums. Here are some of the best world universities, as well as a factory of the company "Porsche", which regularly organizes excursions for tourists.
Saxony is a great place to buy a budget property. Housing in Saxony as a whole is two times cheaper than the national average. In the small Saxon towns of Plauen, Ederan, Greicht one-room apartment can be bought for only 8 000 - 10 000 euros. A little more expensive will cost buying an apartment in the larger cities of Leipzig, Dresden (the capital of Saxony) or Chemnitz - prices range from 15 000 to 40 000 euros for "odnushki", and with a budget of 50 000 euros you can expect to purchase a full two-room apartment.
At the same time, real estate in Saxony is characterized by a relatively high profitability (up to 6%), which is provided due to the high demand for rental housing. If you add to this low prices, then buying an apartment here is not only a reliable investment, but also a very profitable investment.