Munich is one of the largest city in Germany (the third after Berlin and Hamburg), located on the Isar River. The climate of the city is temperate, transitional from maritime to continental (mild winters with little snow with a temperature of about zero degrees Celsius, cool summers with a temperature of about twenty degrees Celsius).
The city has developed medicine and aviation production, high-tech developments in the field of the environment are being carried out. The infrastructure is in excellent condition here; business is active. There are many well-known and successful companies. In particular, BMW, Microsoft, Siemens have chosen Munich for their headquarters, it is attractive for insurance companies, and the banking sector is developed.
Due to the large number of companies and industry diversity, the city is not prone to economic crises. Investment activity is manifested in tourism, real estate, including in the segment of secondary apartments. This city is one of the most attractive real estate investment destinations with high market growth potential and strong purchasing power. For a long time Munich is comfortable for life. A lot of specialists with higher education come here. Their share by 2030 will grow, according to experts, up to 50%, which objectively reflects the quality of life.
Advantages of living in the city:
- strong economy,
- developed infrastructure,
- tourist attraction,
- availability of historical and cultural attractions,
- high tech medicine,
- prestigious education system.
Attractions:
- new and old town halls;
- Marienplatz;
- Blutenburg Castle;
- palaces: Schleisheim, Nymphenburg;
- Munich residence,
- english garden,
- Bavarian State Opera;
- museums: German, Bavarian, BMW;
- Glyptothek;
- memorial museum Dachau;
- Olympic Park;
- Hoftargen park.
Buying apartments in Munich from the owners profitably
Munich is one of the most densely populated and expensive cities in Germany. Given the high demand for housing in Munich, it is difficult to find cheap apartments here. However, the investment fully pays for itself at the expense of rental income, since the flow of tourists coming on business of professionals and businessmen is always high, thus, there is a huge potential for providing housing for rent. Stable development of the resale market is also guaranteed in the capital for the reason that the share of owners is always small due to historical factors: among the local population, only thirty percent are homeowners, seventy percent are tenants. The most profitable for the purpose of investment is a small-sized apartment: studio, one-room, two-room.
The GEOLN.COM real estate website with a convenient search interface helps investors to buy apartments in Munich without intermediaries, where you can quickly find an option according to the necessary characteristics (a wide selection of offers of verified objects with photos) and get expert advice. Owners of investment objects put up their options for sale on the site on their own. The purchase procedure is transparent, regulated in detail by law, which is confirmed by customer reviews.
Prices for apartments in Munich
The cost of housing in Munich is characterized by the following main points:
- it has been growing steadily in recent years,
- an apartment here is more expensive than in any other city in the country,
- the growth trend will continue in the medium term, according to experts.
The most expensive apartments in Munich are in the respectable districts of Bogenhausen, Altstadt-Leel, Maxvorstadt, Glockenbach, Schwabing, Isarvorstadt. The average cost in these locations is much higher than in the whole city. Wealthy foreigners often buy housing next to Duke's Park or the English Garden, which is larger than New York's famous Central Park.
The cheapest economy-class apartments in Munich can be purchased in the former working-class districts of Sendling and Westend, where prices are almost 40% lower than in the center, while the housing is quite high quality. The cost of housing in Munich is also relatively low in the Giesing district, where students and young families settle. This is an area with good transport accessibility and developed infrastructure.
The average cost of apartments in the secondary market is 9,500 US dollars per square meter. According to the real estate search engine GEOLN.COM, you can buy an apartment of 75 square meters at a price of 345,000 USD.
Investing in housing in Munich is a profitable investment, providing a high rental income, the opportunity to live and do business in a city with a stable economy, a comfortable business atmosphere and an undying tourist interest.
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