Comission-free real estate directly from the owner in München

A house and apartment in the cosmopolitan city of Munich: You have to be able to afford that first

The Bavarian capital of Munich is home to around 1.5 million people, making it the third largest city in Germany. The real estate market is considered to be tight, as it is also the most expensive metropolis in this country. Private apartments and houses in the city on the Isar will cost an average of more than €8,000 per square meter of living space in spring 2024.

The cosmopolitan city with a heart and home to the Oktoberfest is sometimes regarded as a sleepy "village of millions". The real estate market, on the other hand, is extremely dynamic. Despite high prices, demand is high and there is a noticeable housing shortage. Prices are putting pressure on the mood of home seekers, prospective buyers and investors. Whether rents or purchase prices: Munich is the hottest spot in this sense.

Munich: Save commission when buying or renting houses and apartments

Prospective buyers in Munich can save money with commission-free private real estate. When buying/selling and letting/renting, there is no estate agent's commission or brokerage fee. Private owners can therefore offer their apartments and houses at an attractive market price. In view of the enormous prices, such advertisements without estate agents are like pearls in a sea of offers.

Expensive, more expensive, most expensive: Real estate in Munich costs a lot of money

The advertising slogan "Munich Loves You" does not necessarily apply to the real estate market. But there are also districts within the metropolis that are more attractive than others in terms of price. And there are some that are particularly sought-after and therefore expensive to buy and rent. Relaxed tranquillity in prime locations and lively nightlife in the city center come together here, as do highly sought-after districts and comparatively inexpensive outlying areas.

All players on the market are aware of this and are trying to achieve maximum rents and purchase prices in all districts. Private and commission-free offers are a blessing for property seekers. Nevertheless, everything remains at a high price level, which is even known beyond the city limits as the Munich effect.

This is because prices are also depressing the mood in Fürstenfeldbruck, Garching and Dachau, for example, as well as in Grünwald, which is close to the city. The effect is even noticeable in Augsburg, almost 70 km away. This is because commuters are looking for alternatives in the surrounding area, which is also driving up prices there. In short: the Upper Bavarian region is simply exceptionally expensive.

Location factors justify real estate prices

However, Munich as a city and surrounding area can certainly boast many positive location factors. In terms of the number of highly qualified people, unemployment rate, gross income, investment, innovation and productivity, the region is one of the most economically successful in Germany.

Munich is home to the headquarters of numerous well-known companies such as Allianz, BMW, Linde AG, Munich Re, Siemens and many others. There is a five-digit number of companies in the IT, microelectronics and high-tech sectors alone, with a total of over 200,000 employees. This has earned the metropolis the nickname "Isar Valley".

In addition, there are excellent transport connections by train, plane and car as well as many sights and leisure opportunities. Last but not least, Munich is a center of science and attracts visitors with its many green spaces such as the English Garden, Olympic Park and Nymphenburg Palace Park.

Differences in the districts of the Bavarian capital

Housing prices vary depending on the features, quality and location of the property. However, there are typically expensive and typically less expensive districts. This applies to buying and selling a house or apartment as well as renting. The differences are also present both in offers from real estate agents and in commission-free advertisements from private individuals.

Particularly expensive districts in Munich

Some of the most expensive areas for buying a house or apartment are

• Ludwigsvorstadt-Isarvorstadt,
• Bogenhausen,
• Au,
• Maxvorstadt,
• Neuhausen,
• Harlaching,
• Hackenviertel,
• Herzogpark,
• Schwabing-West.

Prices there are particularly high, often reaching over 7,000 or even 9,000 euros/m². Pasing/Obermenzing in the west, Solln and Großhesselohe in the south and Oberföhring in the eastern center to the right of the Isar also have a similarly high price level for apartments and houses.

Rising prices in some districts

Another area that has become very expensive in recent years is Glockenbach, the former "small people's" and now "trendy" district near the Old South Cemetery to the left of the Isar. Purchase prices there have climbed to well over 6,000 euros/m² and more in some cases. Comparable house prices can also be found in the old town, Haidhausen, Sendling, Obersendling, Sendling-Westpark, Thalkirchen, Nymphenburg, Hadern and Schwanthalerhöhe.

Buying a "cheap" house or apartment in Munich

By Munich standards, prices of just over 6,000 euros/m² for a house or apartment are only occasionally available. These offers mainly concern properties in areas further away from the city center. These include

• Allach,
• Freimann,
• Laim,
• Perlach,
• parts of Schwabing,
• Untermenzing,
• Aubing,
• Lehel,
• Milbertshofen,
• Ramersdorf,
• Trudering,
• Berg am Laim,
• Forstenried,
• Moosach,
• Riem,
• Pasing
• Obergiesing and Untergiesing.

For less than 6,000 euros/m², you can only hope to find an affordable house or condominium in Perlach, Feldmoching, Am Hart and the Hasenbergl district on the northern edge of the city, which is characterized by numerous high-rise buildings from the 1960s and 1970s. Some properties in Langwied are also particularly attractive.

New projects to create living space and keep it affordable

Exploding purchase prices and rents are a danger in the long term. There may be massive displacement of long-established residents and gentrification. Both also harbor the potential for social conflict.

The city of Munich has reacted to the developments of recent years and has put numerous new projects out to tender. New residential districts with new houses and apartments are gradually being built. This is intended to alleviate the tense situation on the housing market in the state capital.

Of particular note here is the Freiham development area in the west of Munich, where apartments for over 25,000 people are being built near the freeway ring road and the district town of Germering in the district of Fürstenfeldbruck in addition to commercial areas. Some areas were already ready for occupancy at the start of 2024.

A further 5,500 apartments for around 15,000 people are being built on the site of the former Bayernkaserne barracks in Neufreimann. In addition, the grounds of the Prinz-Eugen, Luitpold and Funkkaserne barracks are being or have been converted. Further houses and apartments are being built there.

A new district planned for the 2030s in the north-east of Munich is still a dream of the future. A future quarter with a bathing lake and green spaces is planned near Daglfing and Englschalking, which will contain up to 11,500 apartments. Other new construction projects include the parcel post area at Friedenheimer Bücke and Munich-Riem Airport.

Rents and real estate prices: Munich is and remains an expensive city

One thing is certain: Munich is the most expensive city in Germany to live in and buy real estate. For this reason, the state capital will remain very expensive for a long time to come, even after the construction of new apartments. If you want to buy a house or apartment here, you will have to dig deep into your pockets. You may be able to save some money with private offers that are brokered commission-free.

Facts about real estate in Munich

• Munich is one of the cities with the highest real estate prices in Germany.
• Price increases due to a trend towards urban flight are already affecting the entire surrounding area.
• Employees of numerous large corporations are looking to move to this region, which is driving prices up further.
• In central locations, prices of over 8,000 or even 10,000 euros/m² are common.
• In outlying districts and in the surrounding area, there are sometimes offers for less than 5,000 to 6,000 euros/m².
• The Langwied district in the far west of Munich is considered a favorable exception.
• Large urban development areas should bring relief.

Price comparison for rents and real estate in Munich

With our database, we provide an insight into the actual market development in Munich as a real estate location. We have summarized the latest figures here:

• Real estate prices Munich country
• Real estate prices Munich city
• Rent index Munich country
• Rent index Munich city