Increased pace of housing construction in Leipzig. Only four German cities have seen more owner-occupied homes sold

The real estate sector, city politicians and associations had repeatedly urged the construction of more homes in Leipzig. As a real estate company we are familiar with the underlying conditions in the city and aware that the creation of new housing still lags behind the growth in the number of inhabitants. IKS Holding is itself helping to ensure that the growing demand for attractive housing can be satisfied. As Colliers International state in their latest market report, “Residential Investment: Residential and commercial properties”, the developments of recent months give grounds for optimism: the real estate consulting company discovered that a total of 2,333 new homes were completed in Leipzig in 2018 – the highest construction volume of the last five years. During this period Leipzig has added over 35,000 households. Despite this, only around 8,600 new homes have been completed. However, in 2018 building approval was granted for 3,850 homes, with the result that new living space can be added at a faster pace in the coming years. The Saxon metropolis currently has 336,885 homes with an average size of 70 m2 and rents for new lets standing at 6.50 euro/m2. Colliers International also revealed that Leipzig has the fifth-highest number of sales of owner-occupied dwellings in Germany.