Dresden

The capital of Saxony is rising like a phoenix

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Discover Dresden's Real Estate

Few cities in the world suffered as much during the 20th century as Dresden did. Almost completely destroyed by Allied bombing during World War II, German reunification during the 1990\'s brought about economic struggles as the city’s residents fled to the more prosperous western cities. However, Dresden has managed a dramatic turnaround as of late. Its historic center has been beautifully reconstructed, unemployment is way down and people are moving back to the city, attracted to its affordability, high quality of life and advanced economy.

Culture, History, and Business

Dresden began as a Slavic settlement around the late 12th century. In 1485, it became the capital of Saxony and one of the most important cities in the Holy Roman Empire. The reign of King Augustus II the Strong in the 17th and 18th centuries brought about a Golden Age for the city and it became one of Europe’s main centers of art and technology. During World War II Dresden suffered considerably. Its Jewish population was decimated, falling from 6,000 people to just 41, while the city was subject to an extensive bombing campaign that destroyed the city center. After the war, Dresden became part of the Soviet-backed East Germany.

Following German reunification in the 1990’s, Dresden struggled economically. However, in the last two decades the city’s fortunes have turned around. Today Dresden is one of Germany’s leading manufacturing hubs, especially for pharmaceuticals, semiconductors and the automotive industry. It also boasts an excellent education system and its rebuilt historic center has helped it become one of Germany’s top tourist destinations.

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Real Estate Appeal

Dresden is in the midst of a property boom. People from elsewhere in Germany are moving to the city thanks to its growing economy, affordability and high quality of life. As a result, new residential projects are under construction and housing prices are rising extremely fast. While still affordable compared to other German cities, the cost of real estate in Dresden’s city center is now €3,333 per square meter and €2,666 per square meter outside of the city center.

For foreign real estate investors, Dresden is a particularly appealing market. Its large student population and booming tourism industry make short-term rentals lucrative in the city. Because property values are appreciating rapidly, Dresden also makes an excellent choice for buying and selling properties with a significant return on investment.

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Explore Dresden's Real Estate 

Why You Should Invest in Dresden in 2020
Why You Should Invest in Dresden in 2020

Why You Should Invest in Dresden in 2020

Dresden is going through a significant property boom, thanks to its growing population and resurgent economy. Unlike many German cities, Dresden is very affordable, but it is unlikely to remain so for long....
Best Places to Buy Real Estate in Dresden
Best Places to Buy Real Estate in Dresden

Best Places to Buy Real Estate in Dresden

Dresden lies on the River Elbe, one of Europe’s most famous waterways. The city is centered on the historic core, with neighborhoods radiating out from there. Generally, the closer neighborhoods are to the...

Dresden's Real Estate Tips

📍Over 6,628 investors explored Dresden

Why You Should Invest in Dresden in 2020

Why You Should Invest in Dresden in 2020

Best Places to Buy Real Estate in Dresden

Best Places to Buy Real Estate in Dresden

Local Real Estate Experts

Tranio
Tranio
Sotheby’s International Realty
Sotheby's International Realty
EE24
EE24
Engel & Völkers
Engel & Völkers
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