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Real Estate in Leipzig, Germany | Digital Nomad Exchange
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Real Estate in Leipzig, Germany

By Joshua Wood, LPC

Last updated on Nov 05, 2024

Summary: Expats and retirees talk about real estate in Leipzig, Germany? How do you find a home in Leipzig? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Leipzig?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Leipzig, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared apartment to a full house, depending on your needs and financial situation. Next, start your search online. Websites like ImmobilienScout24, WG-Gesucht, and Immowelt are popular platforms for finding housing in Germany. These sites allow you to filter by price, location, size, and other features. You can also look at local newspapers and bulletin boards in supermarkets or universities for housing ads. If you're moving for work, check if your company offers any relocation assistance. Some companies have relationships with local real estate agents and can help you find a place to live. Consider hiring a real estate agent. While this will cost a fee, an agent can simplify the process, especially if you're not fluent in German. They can help you navigate the local market, set up viewings, and handle negotiations with landlords. Once you've found a potential place, arrange a viewing. This is your chance to check the condition of the property, ask about utilities, and get a feel for the neighborhood. If you decide to apply for a place, you'll typically need to provide proof of income, a copy of your ID, and sometimes a Schufa credit report. In Germany, it's common to pay a deposit of up to three months' rent upfront. Finally, make sure to read your rental contract carefully before signing. It's advisable to have a German-speaking friend or a lawyer review it to ensure you understand all the terms and conditions. Remember, finding the right place can take time, so start your search well in advance of your move," explained one person living in Leipzig, Germany.

What is a typical expat home or apartment like in Leipzig?

"A typical expat home or apartment in Leipzig, is often located in a well-connected area, close to public transportation, shops, and restaurants. These homes are usually modern and well-maintained, with a blend of traditional German architecture and contemporary design. They often feature high ceilings, large windows, and hardwood floors. The apartments are usually fully furnished, with a fully equipped kitchen, including appliances like a refrigerator, stove, and sometimes a dishwasher. The living area is often spacious, with comfortable seating, a dining area, and a flat-screen TV. The bedrooms are typically cozy with ample storage space, and the bathrooms are modern and clean, often with a shower or a bathtub. Many expat homes also have a balcony or a small garden, providing outdoor space. Some apartments might be part of larger complexes that offer amenities like a gym, laundry facilities, or a communal garden. In terms of utilities, most apartments come with central heating, and some might have air conditioning, although this is less common in Germany. Internet connection and cable TV are usually included in the rent. Despite being in a city, many expat homes in Leipzig are located in quiet, residential neighborhoods, offering a peaceful living environment. However, they are still within easy reach of the city's attractions, making them a popular choice for expats," remarked one foreigner who made the move to Leipzig.

What is the average cost of housing in Leipzig?

If you are thinking about moving to Leipzig, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Leipzig varies depending on the type and location of the property. For instance, the cost of renting an apartment in the city center can be quite high, while buying a house in the suburbs may be more affordable. As of 2021, the average monthly rent for a one-bedroom apartment in the city center is approximately €600-€700, while a similar apartment outside the city center may cost around €400-€500 per month. If you're looking to buy property, the average price per square meter in the city center is around €2,500-€3,000, and outside the city center, it's approximately €1,500-€2,000. However, these prices can fluctuate based on market conditions and other factors," remarked one foreigner who made the move to Leipzig.

Should I buy or rent a home in Leipzig?

If you have not spent a lot of time in Leipzig, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Leipzig, ultimately depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Leipzig for an extended period and have a stable income, buying a home could be a good investment, as property prices in the city have been steadily increasing in recent years. Additionally, owning a home allows you to build equity and have more control over your living space. On the other hand, if you are unsure about your long-term plans or prefer more flexibility, renting might be a better option. Renting a home in Leipzig allows you to easily relocate if needed and avoid the responsibilities and costs associated with homeownership, such as maintenance and property taxes. Furthermore, renting can be more affordable in the short term, as it typically requires a smaller upfront investment compared to buying a home. In conclusion, carefully consider your financial situation, long-term plans, and personal preferences before deciding whether to buy or rent a home in Leipzig, Germany," explained one person living in Leipzig, Germany.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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