Once Germany's industrial heart, the city of Leipzig has since evolved into one of the country's most dynamic and youthful cities. Its appeal to the creative class has not gone unnoticed; in the past few years, Leipzig has revived its reputation for drawing in artists and musicians.
The city that Mendelssohn, Wagner and Schumann lived in is now reclaiming its cultural crown. With 10% of Leipzig's budget dedicated to the arts and a 75% increase in visits to the city since 2006, Leipzig is at a turning point in its history. Leipzig is located approximately 120 miles south of Berlin in the state of Saxony, and is renowned for its storied musical past. Composer Johann Sebastian Bach spent the last 27 years of his life there as the cantor at St. Thomas Church, where he is also buried. Leipzig reached particular acclaim in the late 19th century, as the Gewandhaus concert hall and University of Music and Theatre Leipzig established the city as a centre for musical excellence. In recognition of its cultural sophistication, Goethe, who also once lived there, dubbed the city “a little Paris”.
Renaissance of creativity
Since the arrival of Porsche and BMW in the early 2000s the city has undergone a renaissance, spurred on by the financial stimulation. A new wave of creative individuals has flocked to the city, including artists who have set up studios in converted factories, encouraged by a council scheme to support such individuals. The city is so popular among young adults that applications to the University of Leipzig, where Goethe, Angela Merkel and Nietzsche all studied, have almost doubled in recent years. Whilst elsewhere in eastern Germany many young professionals head west, in Leipzig their numbers continue to grow.
A magnet for visitors
As one of the world’s oldest trade fair destinations, the city is framed by historical buildings that continue to attract visitors today. The imposing Baroque Alte Börse, which hosts literary events and concerts, dominates the cobbled Naschmarkt square. Whilst much of the architecture is in the Baroque style, Art Nouveau and Historicist structures are also dotted throughout the city centre, interspersed by Modernist buildings. Many of the communist-era apartments have been transformed into stylish homes, and there are grand early 20th century villas across Leipzig.
Much of the city's social scene is concentrated around Karl-Heine-Straße, the main street in Leipzig's bohemian Plagwitz district. One of its most iconic attractions is Schaubühne Lindenfels, a venue containing a theatre, cinema and restaurant, known as a proponent of collaborative art. Closer to the city centre is Moritzbastei, a cultural institution and the only building that remains of Leipzig's 16th century fortifications. It puts on screenings, dramatic performances and musical events, as well as striving to foster a nurturing creative community.
With its rich history and promising future, Leipzig is a city ripe for investing in. If you are interested in purchasing a luxury home in this fast-growing city, contact Engel & Völkers today. With their wealth of knowledge of exclusive property markets, our expert agents will ensure that your new home has everything you are looking for.