A Slight Uptick in Apartments in Saxony-Anhalt: Here's the Lowdown!
Apartment count in Saxony-Anhalt inches up slightly. - Saxony-Anhalt's housing stock experiences a slight expansion
Hey there! Let's chat about the latest property buzz in Saxony-Anhalt. The state's apartment count has experienced a slight increase, as reported by the State Statistical Office in Halle. By the end of 2024, there were approximately 1.27 million apartments, marking an increase of 0.2% compared to the previous year.
The construction sector in Saxony-Anhalt was responsible for creating 2,952 new apartments, with another 385 coming from renovations or extensions in existing buildings. However, the count did decrease by 798 due to demolitions, changes of use, or apartment consolidations.
If you're curious about the cities with the highest apartment numbers, Magdeburg and Halle take the top spots with around 148,000 and 145,000 apartments respectively. But hold your horses! Völpke, a municipality in the Börde district, boasts an impressive apartments-to-inhabitants ratio of 730 per 1,000 people. Magdeburg and Halle follow closely behind with ratios of 607 and 638, respectively.
Now, here's where it gets interesting: the rise in housing stock stands in stark contrast to Saxony-Anhalt's projected population loss by 2040, with the state estimated to shed around 15% of its population, equivalent to approximately 322,000 people. Ouch! Reasons for this include a high birth deficit and young adult emigration.
The state government is determined to counter this trend. They plan to enhance transport connections, offer more attractive housing options, and employ active settlement policies to incentivize population growth.
The housing figures are based on a 2022 building and housing census forecast. Compared to the 2011 census forecast, the stock saw a downward correction of about 2%.
Now, here are some interesting tidbits I dug up when I wasn't busy formalizing the data for you:
- While Germany is seeing ongoing residential construction, particularly for new buildings and flats, no specific figures for Saxony-Anhalt's apartment growth can be found in the (Bundesbank, Destatis, or DIW) search results.
- Large-scale industrial projects, like the new €25 million engineering and offsite manufacturing facility in Schönebeck, may bolster local economic activity, potentially stimulating housing demand indirectly.
Stay tuned for more updates on this ever-evolving real estate landscape in Saxony-Anhalt! 🏘️🏘️🏘️
- To stimulate population growth and attract more residents, the state government is considering investing in vocational training programs, as part of its community policy, to provide skilled workers for the growing industries such as real estate and wealth-management.
- As real estate continues to thrive in Saxony-Anhalt, a smart personal-finance strategy would be to consider investing in the housing-market, specifically in promising cities with a high apartments-to-inhabitants ratio like Völpke, to potentially yield wealth-management returns.
- With the construction of new apartments and the rise in housing stock, the state government may need to implement wealth-management strategies for managing and maintaining public infrastructure, particularly in cities like Magdeburg and Halle, to ensure their continued growth and development.
