All real estate in Munich, Germany

Location, climate, economy, and infrastructure

Munich is a city on the Isar River in southern Germany, in the federal state of Bavaria. The climate is temperate, transitional from maritime to continental: relatively mild winters with little snow (average January temperature is about -1°C), cool rainy summers with an average temperature of about 18°C, high rainfall and predominantly cloudy weather.

The economy is represented by the production of cars (BMW), aircraft, electronic devices (Siemens), and beer. German and international financial institutions are functioning, international patent management and insurance are developed.

Modern Munich is not only the center of cultural and museum values, but also a major industrial, economic and research center of the country. The city holds a strong position in European science thanks to renowned universities, and many other institutions. Munich is the largest publishing city in Europe, the location of the head offices of many companies (i.e. McDonald's and Microsoft). This is a major transport hub, especially for aviation, as well as a center for biotechnology, software, etc.

Why buying property in Munich is profitable

Residential property in Munich is a profitable investment, which is characterized by a high level of profitability due to rental income, as the flow of visiting tourists, professionals and businessmen is always high. Thus, the real estate market in Munich provides a huge potential for rental housing. In the city, the stable development of the market is also guaranteed for the reason that the share of owners is small due to historical factors: only 30% of the local population are homeowners, 70% are tenants. The region is in demand among foreigners, so the sale of housing in the future can also bring high profits. There are many investment options: from buying a variety of objects (apartments, houses, mansions) to investing in commercial real estate (cafes, restaurants, hotels, apartment buildings or other objects). Other advantages of buying real estate in Munich include the following:

• a strong and dynamic economy;
• stable political position;
• transparent legislative base;
• developed infrastructure;
• tourist attraction;
• presence of historical and cultural monuments;
• high-tech medicine;
• high-quality and prestigious education system;
• low unemployment, high wages;
• the constant growth of the market and the steady increase in housing prices;
• a wide range of housing options;
• stable rental income (real estate has a decent rate of return in the long run).

Customer reviews confirm that the primary residential real estate in Munich in the residential complexes complies with European building standards. New buildings that are being put into operation offer improved conditions and a landscaped area. During the sale of projects under construction, developers offer promotions, discounts, and installment payments. The choice of real estate in the secondary fund is quite diverse.

The cost of real estate in Munich

Real estate prices in Munich show that inexpensive apartments are very rare here. However, the decision to buy real estate in Munich has solid investment prospects, as the city tops the list of the most attractive European cities for investment. Regarding the cost of real estate in this promising city, the following points can also be noted:

• in recent years, the price has been steadily growing;
• the most expensive German city in terms of real estate acquisition;
• according to experts, the trends in real estate prices will continue (there are not so many places for development, and the demand for properties in elite areas is constantly growing).

The cost depends on the area of housing, its location, the respectability of the area and other characteristics. The average cost per square meter in Munich is 8-10 thousand euros. The most expensive objects are offered in areas such as Lehel and Altstadt (price per m2 - from 15 thousand euros). The most popular area is Harlaching, where the average apartment price is about 11,000 euros per square meter.

Approximate real estate prices in Munich:

• one-bedroom apartment - from 400 thousand euros;
• three-room apartments - from 600 thousand euros.

Types of real estate for sale

Potential investors can choose from the following types of real estate in Munich:

• residential (apartment, house, flat, penthouse, cottage, etc.);
• commercial (shopping space, office space, warehouses, industrial premises, etc.);
• land.

Real estate website in Munich

GEOLN.COM website with a convenient search interface helps investors to find and buy residential real estate in Munich. On the site you can choose apartments according to the necessary parameters without intermediaries and take advantage of the advice of specialists.

Buying real estate in Munich by foreigners: the nuances of investing

There are no restrictions on the purchase of real estate in Munich for foreigners. The purchase process is completely transparent and regulated by law. Owners of real estate receive a stable profit, and their investments are protected by the state. Foreign buyers can also count on receiving a bank mortgage loan (the rate is about 3% per annum) and installments, like the citizens of the country.

We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of objects according to individual parameters, provide a comprehensive service to support the safe execution of a transaction. The purchase and sale of real estate in Munich is provided by professionals with many years of experience.

Buying real estate in Munich is a profitable investment that provides income and the opportunity to live in a touristic city that is a symbol of European stability and a high standard of living, with a favorable economic environment.