According to the property market report of the valuation committee (Gutachterausschuss), 229 apartment buildings were sold in Leipzig in 2025 for a total of €410.1 million, 164 of them renovated period buildings. On resale, a renovated period building cost on average €1,825 per square metre of residential and usable floor area, 23.1 times the annual rent. On diskret.immo, registered buyers see anonymous profiles of Leipzig buildings before, or without, them being publicly listed.
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What is the Leipzig property market like?
In 2025 Leipzig had significantly more sales with the same volume. The number of transactions rose by 22% to 6,341, while the transaction volume remained at the previous year’s level at €2,457 million. This was driven by apartments: 5,163 sales, 25% more than in 2024. For developed plots, on the other hand, the volume fell by 22%.
| Leipzig key figure | Value | Source, date |
|---|---|---|
| Total transactions 2025 | 6,341 (+22%) | Gutachterausschuss Leipzig, Grundstücksmarktbericht, reference date 01.01.2026 |
| Total transaction volume 2025 | €2,457 million (2024: €2,449 million) | ibid. |
| Developed plots: transactions / volume | 902 (+9%) / €1,021 million (−22%) | ibid. |
| Apartment buildings: transactions / volume | 229 / €410.1 million | ibid., table 22 |
| of which renovated period buildings | 164 (71.6%) | ibid., table 23 |
| Renovated period building, resale: purchase price | average €1,825/m² residential/usable floor area (124 cases) | ibid., table 25 |
| Renovated period building: net rent excluding service charges / gross rent multiplier (Rohertragsfaktor) | average €6.73/m² / 23.1 | ibid. |
| Renovated period building: net initial yield | average 3.1% | ibid. |
| Unrenovated period building: purchase price | average €1,679/m², median €1,864/m² (9 cases) | ibid., table 24 |
| Property capitalisation rate (Liegenschaftszinssatz) renovated period building | 0.6% (remaining useful life 20–24 years) to 2.4% (35 years or more) | ibid., table 118 |
| Apartments: transactions / volume | 5,163 (+25%) / €1,293 million | ibid. |
The gross rent multiplier and its limits are explained in the guide Purchase price multiple for apartment buildings, and briefly in the glossary.
What stands out about Leipzig: Rents are low, multiples are not. With a net rent of €6.73/m², a renovated Leipzig period building reaches almost the same multiple as a Berlin rental building at around €8.20/m² (Berlin: 23.5). The net initial yield after purchase costs is 3.1%. And: the shorter the remaining useful life, the lower the capitalisation rate – at 20 to 24 years only 0.6%. There, buyers are mainly paying for the land and the location, not for the current rent.
Which properties are traded off-market in Leipzig?
The Leipzig market for apartment buildings is a market for period buildings. New builds hardly play a role: in 2025 four buildings constructed in 2025 and seven constructed after 1990 were sold. Properties offered without a public listing are mainly:
- Renovated Gründerzeit buildings, renovated after 1990 and often fully let.
- Unrenovated and partially renovated period buildings – in 2025 there were only 19 sales.
- Listed buildings, for which buyers examine the special depreciation allowance for listed properties.
- Mixed-use buildings on arterial roads and in district centres.
- Portfolios of several buildings belonging to one owner.
Describe what you are looking for in the search above, for example „renovated period building in Leipzig, 8 to 12 apartments, up to 2 million euros, at least 4% yield“. More on the property types: Off-market apartment buildings and Off-market investment buildings.
In which Leipzig districts are apartment buildings sold?
Most sales in 2025 were in the Ost city district (55), followed by Altwest (35), Nord (27), Südost (25) and Südwest (24). Prices differ significantly:
| City district (renovated period building, resale) | Cases | Average purchase price | Average rent | Gross rent multiple |
|---|---|---|---|---|
| Süd | 8 | €2,317/m² | €8.01/m² | 24.1 |
| Mitte | 9 | €2,184/m² | €7.64/m² | 24.5 |
| Nord | 19 | €1,840/m² | €6.52/m² | 23.7 |
| Ost | 26 | €1,708/m² | €6.27/m² | 23.0 |
| Südwest | 13 | €1,776/m² | €6.22/m² | 26.5 |
| Altwest | 16 | €1,773/m² | €6.84/m² | 21.9 |
| Nordwest | 6 | €1,664/m² | €7.02/m² | 20.4 |
Source: Gutachterausschuss Leipzig, Grundstücksmarktbericht reference date 01.01.2026, table 25. Small numbers of cases fluctuate strongly.
Südwest stands out with the highest multiple at a low rent, Nordwest with the lowest. Our anonymous profiles only name the city district, never the street.
Do you own an apartment building in Leipzig and want to know which buyers are looking for one? With an anonymous profile you can test demand without the building appearing on portals.
What do owners in Leipzig need to consider when selling?
Social preservation statutes in eight areas
In 2020 Leipzig adopted social preservation statutes (soziale Erhaltungssatzungen) for six areas; since April 2022 they have also applied in Plagwitz/Kleinzschocher and Leutzsch. In these areas, the demolition, alteration and change of use of residential space require approval, even if the Saxon Building Code does not require a building permit. The city approves measures that establish a contemporary standard; conversion into holiday apartments or adding a second balcony are not considered approvable under the criteria of September 2024. Infringements are subject to fines under § 213 Federal Building Code (BauGB).
Conversion into owner-occupied apartments
An approval requirement for division into apartments presupposes a state ordinance under § 172(1) sentence 4 or § 250 BauGB. The Free State of Saxony has so far not issued such an ordinance; the City of Leipzig most recently applied to the Free State for one again in 2025. In Leipzig’s preservation areas, structural alterations remain subject to approval, and the city has a right of pre-emption (Vorkaufsrecht) there.
Real estate transfer tax and purchase costs
For the net initial yield, the valuation committee calculates with 5.5% real estate transfer tax (Grunderwerbsteuer) plus 1% each for the notary (Notar) and the land register. These purchase costs belong in every purchase price negotiation.
A document checklist and the process can be found under Sell an apartment building in Leipzig discreetly.
Not legal or tax advice. The information on preservation law reflects the position as of 26.10.2026. Have your case reviewed by a lawyer or notary before a sale.
How do you buy in Leipzig via diskret.immo?
You create an account and save your search profile. Anonymous profiles show the city district, property type, price and floor-area range. You receive the exposé as a verified buyer after a confidentiality undertaking and with the owner’s consent, and the address after a conversation about your financing and a further release. Our team hands over documents in person. As of 31 October 2026: fewer than three released anonymous profiles in Leipzig and 11 active purchase requests that include Leipzig.
How much does an apartment building in Leipzig cost?
On resale in 2025, a renovated period building cost on average €1,825 per square metre of residential and usable floor area, an unrenovated one on average €1,679/m² (Gutachterausschuss Leipzig, reference date 01.01.2026). In Süd and Mitte the averages were above €2,100/m².
What yield does a Leipzig apartment building deliver?
The net initial yield of renovated period buildings averaged 3.1% in 2025, after operating costs and purchase costs. The gross rent multiplier was 23.1.
Why is the property capitalisation rate in Leipzig so low?
For renovated period buildings with only 20 to 24 years of remaining useful life it was 0.6%, and 2.4% for 35 years or more. With a short remaining useful life, buyers are mainly paying for the value of the land and the location.
Where in Leipzig are most apartment buildings sold?
In 2025 in the Ost city district with 55 sales, followed by Altwest (35) and Nord (27).
Is there tenant protection through preservation statutes (Milieuschutz) in Leipzig?
Yes. Social preservation statutes have applied in six areas since 2020 and additionally in Plagwitz/Kleinzschocher and Leutzsch since April 2022. Structural alterations there require approval.
What does using diskret.immo cost buyers?
Using diskret.immo is free for buyers: the buyer account, anonymous profiles and search profile cost nothing. The buyer’s commission is stated in every anonymous profile. For apartments and single-family houses, seller and buyer bear it in equal shares (§ 656c German Civil Code, BGB). For apartment buildings, commercial property and plots it is agreed per property.
Other regions: Berlin · Hamburg · Munich · Frankfurt · Potsdam and surrounding area · all off-market property
- Gutachterausschuss in der Stadt Leipzig: Grundstücksmarktbericht Stadt Leipzig, Stichtag 01.01.2026 (German), https://static.leipzig.de/fileadmin/mediendatenbank/leipzig-de/Stadt/02.6_Dez6_Stadtentwicklung_Bau/62_Amt_fuer_Geoinformationen_und_Bodenordnung/Gutachterausschuss/Marktbericht_Leipzig_2026.pdf
- Stadt Leipzig: Antrags- und Genehmigungsverfahren in Gebieten mit Sozialen Erhaltungssatzungen (German), accessed 26.10.2026, https://www.leipzig.de/bauen-und-wohnen/stadterneuerung-in-leipzig/soziale-erhaltungssatzungen/antrags-und-genehmigungsverfahren
- Stadt Leipzig: Genehmigungskriterien des Leipziger Wohn- und Ausstattungsstandards (German), accessed 26.10.2026, https://www.leipzig.de/bauen-und-wohnen/stadterneuerung-in-leipzig/soziale-erhaltungssatzungen/genehmigungskriterien-nach-leipziger-standard
- Baugesetzbuch, §§ 172, 213, 250 (German), https://www.gesetze-im-internet.de/bbaug/
René LindelaubManaging Director of IMMOBRA GmbH, estate agent since 2008. Reviewed by IMMOBRA; not legal or tax advice.