Saxony leads Germany in new construction offers - but the supply is falling

Saxony leads Germany in new construction offers - but the supply is falling

According to a report by www.saechsische.de, it shows that Saxony offers the most new buildings on the real estate market nationwide. Around one in four apartments or houses in Saxony is less than five years old, which is the highest in all of Germany. However, the supply of new buildings is also declining in Saxony, which, according to experts, has several reasons.

This development is indeed worrying, especially considering that there is a general decline in newly built condominiums and houses on the German real estate market. Nevertheless, with a share of 24.1 percent of all purchase offers, Saxony shows a comparatively high value of new properties.

The impact of this decline in new buildings in Saxony could result in a shortage of living space and a potential increase in property prices. This could lead to a more difficult situation for potential buyers in the real estate market. In addition, existing properties could also increase in value as they represent a more attractive option when the supply of new buildings decreases.

Overall, it is important to keep a close eye on developments on the real estate market in Saxony and to find potential solutions to stabilize the situation and cover the need for living space in the long term.