Munich is a particularly attractive place to live, thanks to its many local recreation areas, its excellent infrastructure and rich cultural life. Demand for property at the centre of the city and in the catchment areas of its greater metropolitan area remains high. For several years now, Bavaria’s state capital has ranked among the most liveable cities in the world. “The ongoing excess demand has caused prices to rise steadily in 2018,” said Florian Freytag-Gross, Managing Director of Engel & Völkers Munich. 80 percent of buyers are German nationals. The remaining 20 percent come from the UK, Eastern Europe, the United Arab Emirates and China.