Frauenkirche seen in Dresden from the top
Interest rates in Dresden
0.92%
RATE TYPE
5 years
Fixed
10 years
Fixed
15 years
Fixed
20 years
Fixed
30 years
Fixed
INTEREST RATE
0.92%
1.15%
1.65%
1.90%
2.30%
MONTHLY RATE
756 €
815 €
945 €
1,009 €
1,113 €
Mortgage calculator for Dresden
500,000
Loan amount
699
Monthly repayment
What is the purchase price?
500,000 €
What down payment do you want to make?
20,000 €
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Dresden – Good opportunities & attractive yields

Exterior view of the frauenkirche in Dresden

City overview

Dresden, thanks to its picturesque river views and beautiful churches, is famously known as the “Florence on the Elbe”. The scenic Elbe river flows through the center of Dresden; dividing the traditional and artistic Altstadt (old town) and the lively and modern Neustadt (new town). Various historical buildings in the city offer a wide range of architectural style, from Renaissance to Baroque, to early 19th century Romanticism, the most iconic landmark of all is the the splendid Frauenkirche, the Church of Our Lady.

With just over half a million population, Dresden is the second largest city in Saxony after Leipzig. The city is growing rapidly, as the economy is booming, science and research are thriving, and art and culture are flourishing. Major global companies are also providing an important stimulus to boost the economy, for example. Samsung, Bosch and Volkswagen are investing in Dresden, expanding their factories or building new ones. The unemployment rate is at its lowest level and new jobs are continuously being created. Dresden has a considerably lower unemployment rate of 7.3%, compared to other cities in the Eastern part of Germany, such as Cottbus (9.4%) and Görlitz (10.10%).

Real estate market trends & outlook

The average asking price for condominium apartments stalled at €2,349/sqm in 2018, growing by only 0.2% compared to the previous year. Even so, the growth rate has gone up by more than 20% since 2012. Newly built apartments in prime locations can reach up to €3,077 per sqm on average, an increase of 8.9% in comparison to 2017.

Due to a rising demand for rental apartments, the average asking rent reached to €7.30/sqm per month in 2018, it has increased by more than 16.0% since 2012. The average asking price for a single-family home is now €446,729, an increase of 3.0% compared to 2016. Despite a significant increase in property prices, when compared to major western German cities, both asking and rental prices are still quite low in Dresden.

Dresden has long been one of the biggest winners of German reunification and is widely regarded as one of the most promising cities in Germany. The outlook for the housing market in Dresden is positive as the vacancy rate has declined by 1.9%. The apartment vacancy rate has declined steadily as well and has reached to a low of 6.4 percent. Dresden offers great long-term investment opportunities, because affordable housing is slowly becoming limited in the booming Elbe metropolis than ever before. Average gross yields of 5.1% and comparable risk profiles to cities in the Western part of Germany make Dresden an attractive and lucrative market for real estate investors.

"Many Eastern German regions are experiencing extremely strong economic growth, which certainly bodes well for the future and is already reflected in rents, purchase prices, private consumption, incomes and labour markets," said Claudia Hoyer, COO of TAG Immobilien AG.

We work with multiple property listing websites and real estate agents to help you find a property. For instance, if you’re planning to purchase a property in Dresden, neubau kompass has many great new build real estate listings on their website!

How prices are growing in
major German cities?

Germany's strong economic growth has resulted in price increases across German cities: On average the prices doubled in the last 10 years. Rents also follow the house price development in Germany: the average increase amounts to 50% between 2008 and 2018.

In Dresden, the average annual property prices per square meter has increased from €1,500 in 2008 to €3,077 in 2018. Meanwhile, the average rent prices per square meter also increased €5.50 from in 2008 to €7.30 in 2018.

VIEW RENTAL PRICES
VIEW ASKING PRICES
Apartment rental prices ’08-18’ (Euro/sqm/month)
Year 2018
Year 2008
rental-prices-08-17-dresden
n = 55,600 rented apartments from 80 to 120 sqm. that were inserted in immowelt.de in the first half of 2008 and 2018. Source: Statista and TheLocal 2018

About us

LoanLink is a German mortgage broker that specializes in helping international clients in Germany get mortgage that fits their personal and financial circumstances. If you want to purchase a property in Dresden, we can guide you through every step of the process. Our highly professional mortgage broker team in Dresden provides excellent advices in English, Chinese, Russian and German. Moreover, we leverage advanced algorithm technology to find the best mortgage interest rates from over 400 regional and global German banks.

Our smart online mortgage platform is available round the clock to help you with the German mortgage process. And our home loan calculator shows a complete picture of what your mortgage might look like. To make the process easy for non-German speakers, all resources are in English, Chinese, Russian and German. Best of all, we do not charge our customers any fees.

LoanLink is registered and controlled by the surveillance authority in Dresden.

Best interest rates in Dresden

Our algorithm scans mortgages from more than 400
partner banks to find the best deal possible for you

Professional advice

Our experts are specialized to advise non-German residents,
are certified mortgage brokers and are fluent in English

Low cost

We don’t charge you any fees. Since we are independent
of single banks, we focus on finding the best offer available

Working in Germany?
Do you live and pay taxes in Germany? Are you an expat or long-term resident? You may be eligible for German mortgage products from 400+ banks. And if you have a EU Blue Card, you may be eligible for a German mortgage from many of our partner banks.
Not working in Germany?
Do you live and work abroad, but want to buy property in Dresden? As a Dresden specialized mortgage broker, we offer competitive financing options from our partner banks for a non-resident home loan.

Got a question or a complex situation?

Our friendly home loan experts are happy to support you in finding a mortgage in Dresden. Call us on +49 (0) 30 5683 7535 or email us at [email protected]

Başar Canıperk, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Başar Canıperk
Real estate specialist
Jan Joisten, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Jan Joisten
Mortgage expert
Stefan Koeppen, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Stefan Koeppen
Mortgage expert
Başar Canıperk, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Başar Canıperk
Real estate specialist
Jan Joisten, a professional mortgage expert and real estate specialist from LoanLink, an online home loan broker in Germany.
Jan Joisten
Mortgage expert
Başar Canıperk
Başar Canıperk
Real estate specialist
Jan Joisten
Jan Joisten
Mortgage expert
Stefan Koeppen
Stefan Koeppen
Mortgage expert
Başar Canıperk
Başar Canıperk
Real estate specialist
Jan Joisten
Jan Joisten
Mortgage expert

How it works

1. Calculate
Learn how much you can borrow
2. Get a quick idea
Our algorithm immediately evaluates if you qualify for a loan and gives you an overview of what your mortgage could look like
3. Speak to an expert
A Dresden mortgage broker will guide you through the German mortgage process, explain requirements and recommend the most suitable option
4. Secure your mortgage
Relax while we close your mortgage with the lender, keeping you informed every step of the way
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More information on mortgages in Germany

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