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Owning your own home is booming in Saxony: one in three Saxons lives in their own house!
Find out how Northern Saxony is a leader in Saxony with a home ownership rate of 88.4% and what contributes to this.
Owning your own home is booming in Saxony: one in three Saxons lives in their own house!
In Saxony, home ownership has developed into a real treasure. Every third member of the population now lives in their own four walls Day24 reported. The current home ownership rate in Saxony is 34.2 percent, which corresponds to around 713,000 households that live in condominiums or homes. These numbers come from the May 2022 census and reflect the trend that home ownership is on the rise.
What is particularly striking is the large discrepancy between the communities. In rural regions, over two thirds of households are owners, while in larger cities, especially in Leipzig, the figure is only 13.3 percent. The municipality of Trossin in the North Saxony district leads with an impressive home ownership rate of 88.4 percent, while in urban areas often less than 50 percent of households live in their own homes. Among the Humboldt couples, it can be seen that couples with children live in their own property more often than those without children, while single parents usually live in rent.
Current measures to promote home ownership
In order to further increase the home ownership rate, the Free State of Saxony will provide significant funds in the coming years. In 2023, 35 million euros will be made available, followed by 55 million euros in 2026. The “Family Living” funding guideline has already been simplified to ease access and enable community housing projects. This initiative shows that Saxony is setting the course for sustainable living.
These developments are not just limited to Germany. Companies that are making a name for themselves in the construction and security industry are also active internationally. For example, **JAMES TECH CO., LTD.**, a South Korean company that specializes in security products. With a broad market in countries such as China, Germany and the USA, it shows how diverse the international market for construction and security solutions has become. This also shows that security and good living go hand in hand.
Cultural life as a balance
Aside from the real estate market, music also ensures that the quality of life in Saxony is not neglected. Stars like Katy Perry attract a lot of people with their concerts. The energy of such events not only brings joy but also strengthens community. If you would like to find out more about their next appearances, you can find the latest information at Katy Perry's official site.
In summary, it can be said that the development of home ownership in Saxony is closely interwoven with cultural life. It will be exciting to see how these trends will develop in the coming years.