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Gold-rush mood in cities at Elbe and Pleiße

It is not a new fact, but how fast and tremendous the cities of Dresden and Leipzig develop to substantial boom-towns, becomes clear, when one takes a closer look at a compressed analysis of the latest figures, recorded with a special focus on the property market. The two metropolises, which an empirical study calls “swarm-cities” are united concerning fast increasing rental prices as well as a speedy movement towards housing shortage. Yet there is still a gold-rush mood amongst the capital investors. Still.First summary: Since 2000 the rental costs in Dresden have increased by 45 per cent for new buildings and by 23 per cent for existing properties. The prices for new constructions of condominiums have increased by 44 per cent. Prices...[…]