Munich is undisputedly the most expensive market for residential investment in Germany. Although the prices and multipliers have risen even further, the demand is considerably higher than the supply available.
The average purchase price per property has increased steadily during the recent years.
Although the mean value in 2010 was still around 4.2 million euros, in 2012 an average price of 5.9 million euros was achieved. “Most of the objects were traded in the price range between two and three million Euros,” says Florian Speigel, head of residential and commercial buildings at Engel & Völkers Commercial in Munich. “However, a good ten percent of residential and commercial buildings changed owners for more than ten million euros,” adds the real estate expert.