Capital: Magdeburg
Saxony-Anhalt
Saxony-Anhalt is a central-eastern state with affordable property prices and growing logistics sector.
- Last updated:
- Editorially reviewed
- Transfer Tax
- 5.0%
- €15,000 on €300,000
- Asking price/m² (median)
- €1,726
- Cold rent/m² (median)
- €7.00
- Gross rental yield (median)
- 4.9%
- No. 2 of 16 states
Asking prices and rents from online listings for apartments, as of November 4, 2026. Not notarised sale prices.
Saxony-Anhalt has about 2.1 million residents (end of 2025). The property transfer tax is 5.0%; only Bavaria charges less. Live figures for the state's prices, rents and gross yield are shown at the top of this page.
Real Estate Market
Magdeburg and Halle (Saale) are university cities, and Halle lies close to Leipzig with an S-Bahn connection. Transport and logistics are a large employer: about 93,600 people work in transport and logistics jobs, just over 10,200 more than ten years earlier. With every purchase, the exact location matters.
- Halle is home to Martin Luther University Halle-Wittenberg and linked to Leipzig by S-Bahn
Transfer Tax Details
Saxony-Anhalt charges a Grunderwerbsteuer of 5.0%. Only Bavaria is lower at 3.5%; Baden-Württemberg, Lower Saxony, Rhineland-Palatinate and Thuringia also charge 5.0%. On a purchase price of 120,000 euros the tax is 6,000 euros. Notary and land registry fees add about 1 to 1.5% of the price.
Investment Cities
Demand is concentrated in Magdeburg and Halle and their universities.
- Magdeburg: the state capital, with Otto von Guericke University
- Halle (Saale): a university city near Leipzig, home to Martin Luther University
- Dessau-Roßlau: a Bauhaus city and seat of the German Environment Agency (UBA)
- Wernigerode: a tourist town in the Harz mountains with a historic old town; check the local rules before letting to holiday guests
Frequently Asked Questions
What is the property transfer tax in Saxony-Anhalt?
Saxony-Anhalt charges a Grunderwerbsteuer of 5.0% on real estate purchases. Only Bavaria charges less, at 3.5%.
What does Intel's cancellation mean for Magdeburg's property market?
In July 2025 Intel decided not to build the planned chip fab near Magdeburg. Price purchases in Magdeburg without a premium for a new plant, and only buy if the numbers work with today's rents.
Is Saxony-Anhalt too risky for property investment?
If you invest here, focus on well-connected locations in Magdeburg and Halle and avoid areas with persistent vacancy. Before you buy, check the population trend and the vacancy in the specific district. The current prices and rents above show whether a property pays off.
Cities with the highest yield in Saxony-Anhalt
Gross rental yield of cities with at least 30 listings for sale.
Check an apartment in Saxony-Anhalt
A city's median says little about a single apartment. Enter the address, price and rent to see cash flow, net yield and taxes.