German Property For Sale : Leipzig : Leipzig Districts : Schleußig

Schleußig

Schleußig is for in demand by high-income families with children.

There are good family-based facilities available on foot. The adjacent forest to the east of the Clara Zetkin-Park is an idyllic beauty spot for the whole family. Properties in this area are extremely sought-after, where detached houses can cost in the region of €600,000. Further west are good redeveloped Gründerzeitund Art Nouveau, with popular condominiums for up to €2,300 Euros and rents to €7.50 per square meter. The last 5 years has seen a dramatic increase in population and also rental demand. Population is set to increase by up to 15% between 2006-2012. The best property lies next to the Clara-Zetkin Park. Yields have dropped from around 10% net 2 years ago to 6-8% now, due to capital value increases.

Infrastructural improvements which have been carried out recently include a number of new commercial center, upgraded recreational and leisure facilities and greater investment in the local environment.

There is a high proportion of "Plattenbauten" (Pre-Fab Concrete) buildings in the borough and the area had suffered from poor investment in the local infrastructure prior to reunification. A major renovation program has now been completed on the run-down residential developments that dominated the borough. This has resulted in a definite improvement in the image of the borough and stopped the decline in the population that had occurred since reunification when residents moved to other more desirable areas of the city or left Berlin completely. The population had decreased from 286,000 (based on the combined population of the two pre 2001 boroughs that makes up the new borough) to the 257,600 seen when the population of the borough bottomed out in 2004.

Vacancy Rate – 3.8% (Berlin Average 4.5%)

Rental levels – 5.4-5.85 Eur per Sqm (Berlin Average 6.25 – 6.40 Eur)

Unemployment – 13.3% (Berlin Average 13.6%)

Rental demand for new letting – trend level

Afford ability of rent (% of net income) – 25.7% (Berlin average 26.6%)

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