In contrast to the general price trend for residential properties, renovated condominiums have become significantly more expensive in Saxony's major cities. In Dresden, buyers paid an average of €6,391 per square meter of living space in 2024, according to the latest property market report. This was €731 more than in the previous year.
In Leipzig, one square meter cost 6,315 euros (up 330 euros). Refurbished apartments were therefore more expensive than new-build apartments (Dresden: 5,550 euros per square meter, Leipzig: 6,000 euros per square meter).
All in all, however, property prices tended to fall last year, according to the report: Residential and commercial properties in the independent cities were on average around 100 euros per square meter cheaper than in the previous year. As in the previous year, building land for individual residential construction cost an average of 300 euros per square meter in Dresden and Leipzig, and 100 euros per square meter in Chemnitz and the rural districts.
