There are signs of a clear turnaround on Leipzig's real estate market in 2024. According to the latest property market report from the Leipzig expert committee, transaction figures are rising significantly.
In contrast to the downward trend from 2021 to 2023, in which transaction figures fell by 48% and sales by 60%, the picture in 2024 is positive. In the reporting year, 5,170 transactions were recorded, which corresponds to an increase of 36%. Turnover rose by 48 percent to around 2.44 billion euros.
The Leipzig Expert Committee is an independent authority that set the standard land values as of January 1, 2025. The report states that Leipzig's real estate market remains robust despite difficult conditions. All submarkets, including undeveloped land, developed land and individual property, showed increases compared to 2023.
Prices for building plots remained stable. Individual residential plots cost around 315 euros/m², commercial plots 100 euros/m². A decline of 9 percent to 860 euros/m² was recorded for plots for multi-storey residential buildings.
Developed plots saw an increase in transactions of around 20 percent to 823. Refurbished apartment buildings achieved 1,766 euros/m², unrefurbished 1,316 euros/m². Prices between 275,000 and 500,000 euros predominated in the single-family house submarket. Transactions here rose by 10 percent to 456.
Condominiums dominate Leipzig's real estate market, accounting for 80 percent of transactions and 40 percent of sales. The 2024 property market report is available free of charge as a PDF at www.leipzig.de/grundstuecksmarktbericht.
