German Property For Sale : Leipzig : Leipzig Districts : Lindenau

Lindenau

Growth from working class roots

This is a large sub district of Leipzig which has been steadily growing over the past 15 years. Growing from a low base, the region initially attracted price-sensitive tenants to the area and vacancy in the apartment blocks began to decrease. Now, Lindenau whilst still working class in its roots, supports rental demand well for renters who like the proximity to the centre, its own commercial centre, theatre and cinemas and also access to nearby parklands. The rent of a typical 2 room, 50 Sqm apartment renting for 200-225 Eur net per month and typical yields for investors tend to range from 9-11% net. The population is set to increase by up to 15% between 2006-2012, further supporting tenancy in this area. The area is mixed in potential and the best locations tend to be in parts of Alt Lindenau and also in the area which borders Plagwitz to the south.

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