Buying real estate in Chemnitz
Chemnitz is often underestimated as a real estate location but offers exceptional properties with potential in top locations. We show you the most beautiful properties in Chemnitz and accompany you competently in your real estate transaction. From the first consultation to the conclusion of the sales contract, you can always rely on Saxowert's real estate agents.
The real estate market in Chemnitz
As an industrial city, Chemnitz was hit particularly hard by the economic structural change after 1990, which led to unemployment, migration and vacancies. But in the last 15 years, things have picked up again significantly. More and more companies are discovering Chemnitz as a business location. The existing infrastructure has been modernized and the city's economic power is growing strongly, while unemployment figures have been cut in half within ten years. Many companies, especially from the mechanical engineering, systems engineering, energy technology and materials industries, also appreciate the synergy effects with the Technical University and other research and educational institutions.
For example, well-known companies such as Volkswagen, IBM, Continental and Starrag produce in Saxony's third-largest city. With the economic stabilization, the number of people moving to the city also increased strongly again; for quite some time now, the city has even been able to record an increase in population again, contrary to all forecasts. The great potential of Chemnitz was also made clear by the city's selection as European Capital of Culture 2025, which is expected to have further positive effects.
The city's recent development has not been without consequences for the real estate market. As in many other major cities, demand for single-family homes and building plots rose in particular. In this context, real estate prices also climbed significantly. However, with a median price per square meter of €2,500 (2021) for a single-family home, Chemnitz remains one of the most affordable major cities in Germany. Low rents and low property prices also provided good prospects for returns at the latest with the improving forecasts for the future and boosted demand for investment property, particularly regarding rental houses.
In 2020 alone, average prices for multi-family houses rose by 15 %. However, with average rental yields of 6 % and a purchase price factor of 18-22, buying a residential or commercial building in Chemnitz remains worthwhile. Neighborhoods such as Kaßberg, the Lutherviertel, Schloßchemnitz or the Sonnenberg have a well-preserved old building stock and in some cases still offer a lot of potential for redevelopment and upgrading measures. Companies can benefit from favorable prices for commercial real estate and the good transport connections to the A 72 and A 4 freeways.
Step by step to a successful real estate purchase with Saxowert
If you want to buy a property in Chemnitz, you should prepare yourself well, because real estate transactions always involve a lot of money. Our real estate agents will accompany you every step of the way and offer you, as a first step, the possibility of a free and non-binding purchase consultation. We will discuss your plans and your options with you and support you in further planning.
Once your plans have become more concrete, we begin the real estate search in Chemnitz. We work closely with professional partners from the region and can present you with suitable offers after only a short time, which are optimally tailored to your situation and your wishes.
We then discuss the advantages and disadvantages of the respective property with you. With the help of detailed exposés you can get a good impression of the different properties in advance. If a property arouses your interest, we will arrange an appointment with the owner and with you for the property inspection. You should not buy a property without an on-site inspection; in some cases, an inspection by an external expert is also useful.
The viewing has strengthened you in your decision? Then now is the time to prepare the real estate purchase. We check the purchase contract and also support you in possible renegotiations. At the latest now it is also important to have a solid financing strategy for your real estate transaction. There, too, you can rely on us. We work closely with competent partners at insurance companies and banks and present you with a plan that is optimally tailored to your possibilities.
If there have been no problems up to this point, you can confidently sign the purchase contract and complete your real estate purchase in Chemnitz. We will also take care of the necessary notarial protection of the real estate transaction and take care of all other legal and organizational issues. If you have any questions or problems, you can contact us at any time even after the successful closing.
Finding the right property in Chemnitz
The Chemnitz real estate market still offers a lot of potential and you can find many different properties at comparatively low prices. Single-family homes have become significantly more expensive in recent years, but buying a home is still much cheaper than in Dresden or Leipzig, for example. Among the most popular and beautiful locations for single-family homes are especially Adelsberg and Rabenstein, but also in many other suburban locations you can find beautiful houses.
Prices per square meter for condominiums and multi-family houses are considerably lower, even though prices here have risen by around 20 % in the last two years. Senior citizens particularly appreciate quiet districts with a good infrastructure, such as Gablenz, Kappel or Altendorf, while younger people particularly like districts close to universities, such as Bernsdorf or the Lutherviertel, as well as versatile and lively districts, such as Kaßberg. Companies will find particularly well-developed commercial areas in the west and north of the city, close to the highway, but Altchemnitz is also worthwhile for companies, not least because of its proximity to the Technical University.
When choosing the right property in Chemnitz, many different factors must be considered. These include not only the individual financial scope, but also economic goals, future plans or personal interests. In the case of commercial real estate, the location and accessibility, but also the various needs of customers or employees play an important role. For office space or retail outlets, the city center is therefore particularly suitable, although real estate prices are also highest here. If you are looking for a condominium with good public transportation connections, you can still find many affordable offers near the city center or on Sonnenberg. The potential for investment is high in many districts of Chemnitz, but the southern part of the city offers the best expected returns.
Whether you are looking for an office building in the city center, a condominium on the Kaßberg or a modern single-family home with a garden in Adelsberg, you are guaranteed to find the right property with the help of our brokers. We offer you the appropriate support for all necessary steps on the way to the real estate purchase. In addition, you will find an extensive offer of real estate in Chemnitz already here on our homepage. We will be happy to set up a search request for you or enter you in our buyer database. As soon as we hear about a new offer, we will inform you immediately.
Questions that we are often asked about buying real estate in Chemnitz
Chemnitz has been underestimated for a long time and has a wide range of potentials. This becomes clear by a high economic growth but also by increasing influxes. With the election as European Capital of Culture 2025 or the award of the DIFA Award of the real estate industry in 2006, Chemnitz has also attracted international attention. In view of the still relatively low real estate prices, the risks involved in buying a property in Chemnitz are even lower than in many other major cities in Germany, where the situation on the real estate market has become increasingly tense. The very low cost of living also speaks in favor of choosing Chemnitz as a personal center of life. But the green surroundings with the foothills of the Ore Mountains also make the city attractive.
If you are thinking about buying your own property, you should consider a few important points in advance. Above all, the financial situation and personal plans for the future are important for the decision to buy real estate. Do you only want to move to Chemnitz for a few years and then try your luck abroad? Then a rental property is probably the better decision. Even if you have not yet saved enough money and do not have a stable and regular income, you should consider whether you really want to buy a property. In this case, you may not be able to obtain a loan, or only on poor terms with high interest rates.
However, if you have the necessary basic capital and can plan for the longer term, you will almost always make a good choice by buying a property. Residential property, for example, is also a good value investment and is subject to significantly fewer fluctuations than, for example, shares or cryptocurrencies. Once you have paid off the loan, you also live rent-free and only must bear ancillary and maintenance costs. The increase in value of owner-occupied real estate is also always tax-free. Finally, when you own your own property, you also have more options for individual design and adaptation and are not accountable to any landlord. On the other hand, if your circumstances change unexpectedly, you can rent out your house or apartment yourself. There are also various government support programs for the purchase of residential property. We will be happy to advise you and give you tips for your further planning.
In addition to the actual purchase price, you must also include other costs in your calculation, most of which are referred to as ancillary purchase costs. For example, land transfer tax, which is currently 3.5 % in Saxony and thus comparatively low, must be paid for every real estate purchase. There are also costs for the notarization of the transaction and for the registration of your new property in the land register. Of course, the real estate agent also costs money - in most cases, the commission is 7.14 % of the purchase price; however, for some properties (e.g. commercial properties), the fee for the agent can be freely negotiated. Since 2020, however, the broker's commission for residential property must be borne equally by the buyer and the seller (i.e. 3.57% of the purchase price each). Overall, when buying a property in Chemnitz, you should expect incidental purchase costs of 10 to 15 % of the purchase price.
Although the real estate market in Chemnitz is more relaxed than in many other major German cities, demand has risen sharply in recent years, especially for single-family homes. However, real estate transactions generally involve a lot of money and even one wrong decision can cost you a lot of money in the long run. Therefore, it is important that you are well informed about the different locations and forecasts in the real estate location Chemnitz. Our brokers work together with competent regional partners and will quickly find the right offer for your plans. We provide you with expert advice and accompany you through all the steps on the way to a successful purchase. Of course, we also offer you professional support with legal issues, financing and all organizational matters.