Saxony is a federated state of Germany located in the east of the country. The region rises to its highest point at the peak of Fichtelberg and shares international borders with Poland and the Czech Republic, including the Karlovy Vary Region, Ústí nad Labem Region, and Liberec Region. Domestically, its territory borders Bavaria, Thuringia, Saxony-Anhalt, and Brandenburg.
Property buyers will find that Saxony is a relatively cheap part of Germany overall, though prices vary significantly between its urban centres. Leipzig and Dresden hold the largest shares of the housing stock and stand out as the most expensive cities in the region, with prices well above the regional average. Chemnitz holds the next largest share of housing, followed by Zwickau and Plauen, where homes are far more affordable. Smaller markets like Grimma and Görlitz sit closer to the average regional cost, while Freiberg remains a cheaper option.
