According to a housing market analysis by the Pestel Institute, the construction of new apartments in Saxony's major cities will need to be significantly increased in the coming years. According to the latest forecast, around 4,970 apartments would have to be built in Leipzig, 4,530 apartments in Dresden and 460 apartments in Chemnitz every year to meet the urgent demand. The analysis was commissioned by the Bundesverband Deutscher Baustoff-Fachhandel (BDB), among others.
The new construction is necessary to reduce the existing deficit, but also to gradually replace worn-out apartments in old buildings, said the head of the institute, Matthias Günther. "This is particularly about post-war buildings that are no longer worth refurbishing."
