Stable prices and rising demand: The real estate market in Dresden registered rising demand and more contracts signed in 2024. This is according to preliminary key data from the Saxon state capital. Prices have stabilized at the previous year's level. The detailed report on the property market is due to be published in April.
Price of condominiums between 2,610 and 5,565 euros
The average purchase price of a resold condominium was around 2,610 euros per square meter, close to the previous year's figure of 2,630 euros. There were year-on-year price reductions for the purchase of a newly built first-time-occupancy apartment - instead of around 6,000 euros, 5,565 euros had to be paid. This corresponds to a price reduction of around seven percent. The number of apartments traded tripled from 82 to 245.
Slightly more than two billion euros in sales on the property market
The expert committee for property values in Dresden received 4,563 purchase transactions last year - around 43 percent more than in 2023 (3,195). The monetary turnover amounted to just over two billion euros and increased by around 47 percent compared to the previous year, it said. This corresponds to an increase in turnover of around 680 million euros. The majority - around 330 million euros - related to developed land.
Single-family homes at 4,265 euros per square meter of living space
Prices for building land for the construction of detached single-family homes fell by eleven percent to 320 euros per square meter of land. Such houses built from 1992 onwards were traded for an average of around 4,265 euros per square meter of living space (previous year: 4,370 euros per square meter). The average purchase price for such a house was around 565,000 euros. For semi-detached houses, it was 4,210 euros and around 530,000 euros respectively.
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