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Dresden is a city in Germany, the administrative center of Saxony.
The climate is maritime, with significant continental influence due to its remote location from the sea. Summers are warm, with an average July temperature of 19°C. Winters are slightly colder than the German average, with an average January temperature of 0.1°C.
The city is one of the largest centers of industry, transport, science and culture in Germany. Dresden's economy is one of the most dynamic in Germany and includes high-tech and applied research. Three main sectors can be considered dominant in the city's economy: the semiconductor industry, the pharmaceutical sector, mechanical engineering and electrical engineering.
Dresden is a city of amazing beauty, a pearl of the Baroque, a center of European art. The city is very green (parks and other plantations occupy 60% of its area). The Elbe Valley is a UNESCO World Heritage Site.
Benefits of living and investing in Dresden:
- mild climate;
- development of production of high-tech products;
- availability of jobs;
- the opportunity to open your own business and obtain a residence permit;
- rapid economic growth;
- development of the city as an educational center, which attracts investors and young people and significantly affects the secondary market;
- low crime rate;
- population growth;
- effective management;
- high quality of life with a wide range of culture and recreation in the city and its environs;
- ideal infrastructure;
- the ever-increasing cost of secondary housing and rental rates;
- low interest rates;
- a transparent legal and tax system that allows you not to fear for the safety of your capital.
How to profitably buy an apartment in Dresden: offers on the market
More and more real estate analysts note that Dresden is becoming a new hot spot for investors in resale property in Germany.
The secondary market of the city is attractive and promising for foreign investors who buy apartments in Dresden for two main purposes. The first group of buyers is looking for a city in Germany to move to permanent residence and chooses the capital of Saxony as a promising region for a dynamically developing business. The second group, more numerous, is not going to live in Dresden. They buy apartments to invest and earn income. Accordingly, the city is rapidly developing, including due to the influx of new residents. This, in turn, guarantees apartment owners a stable demand from tenants.
The city's housing market is very diverse, with a wide selection of quality apartments (studio, one-room, two-room, three-room apartments, etc.).
The best residential areas in areas such as Loschwitz, Bülau, Weisse Hirsch or Blasewitz are excellent for living. The suburb of Radeberg in the Neustadt district is considered an exclusive residential area. Most foreigners who invest in the city buy apartments in the Frauenkirche area.
Dresden's Old Town and the outer and inner New Town districts are characterized by restored and modernized residential properties.
An apartment in Dresden is a profitable investment worth making right now, as the combination of economic strength, cultural offer and tourism ensures a sustainable investment boom from resale property and guarantees high profitability.
Website for buying and selling apartments in Dresden
The GEOLN.COM website with a user-friendly search interface helps investors find and buy apartments in Leipzig inexpensively. You can quickly and easily select an apartment according to the required parameters without intermediaries and use the advice of specialists. The catalog contains verified objects of the city, which are placed on the site by homeowners on their own.
Cost of living in Dresden
Prices for apartments in Dresden remain affordable even for investors with low capital. On the outskirts of the city you can find inexpensive apartments, where the costs of one square meter is about 1000 euros, in the center the cost is two to three times more expensive. The average cost of apartments in Dresden is 2,800 euros per square meter (prices per square meter range from about 1,300 to 4,000 euros). Elite apartments in some areas of Dresden will cost $6,460 per sq.m.
Despite the rising cost of housing in Dresden, prices here are lower than in Berlin and much more profitable than in Hamburg and Frankfurt. According to experts' forecasts, the cost of housing and the amount of rent in the secondary market of Dresden can be defined as stable with a growing trend in the coming years.
How to buy apartments in Dresden: the nuances of investing
A citizen of any country has the right to purchase housing in Dresden. The process of buying an apartment in Dresden is completely transparent. The owner of secondary real estate receives a stable income, and his investments are protected by the state. However, before buying, we recommend not only viewing the photo of the selected object, but also reading the reviews of the residents of the house.
We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment from the owners according to individual parameters. The purchase and sale of apartments in Dresden is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Buying a home in Dresden is a profitable investment that guarantees a stable income from renting out housing, the opportunity to do business, live and relax in the ancient city of culture and a developed economy.