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Insane offer in Munich: €1.55 million for an attic with extension?
A listed attic is for sale in the Glockenbachviertel in Munich, price: 1.55 million euros. Discover the latest real estate prices and discussions about them.
Insane offer in Munich: €1.55 million for an attic with extension?
Things are going well in Munich, and not just because of the upcoming Oktoberfest. A real estate offer in the Glockenbachviertel is currently causing heated discussions. A property measuring around 160 square meters, which is offered as an undeveloped attic, is for sale. The price? A whopping 1.550 million euros! Like us Mercury reported, the price per square meter could be praised by experts, as it comes to almost 10,000 euros.
But the price is not without its pitfalls. Munich brokers say that it could be difficult to achieve this price. In particular, the expansion costs could quickly skyrocket, as a crane may also be required for the construction work. There is also the issue of monument protection: complex approvals are a serious issue, not only in theory but also in practice, which is likely to cause headaches for buyers.
Location matters
The property is particularly aimed at buyers who are willing to invest in this prime location. Düsseldorf has shown the way; Real estate prices in Munich have also been rising again since last year. According to an analysis by Glaser real estate advice Prices for apartments in Munich have fallen by around 11% since the beginning of 2023. In comparison, however, the prices per square meter are working upwards again.
The average price for an apartment is currently around 8,000 euros, while owner-occupied homes cost a total of around 11,950 euros. If you want to find out more about price trends, you will find that property prices in Munich have risen by an impressive 135% in a 15-year comparison - despite small setbacks. Prices for condominiums even rose by 1.5% in May 2025 compared to the previous quarter.
Market analyzes at a glance
If you want to take a look at the current housing prices, you shouldn't lose sight of the different types. Here is a small overview of the average prices in Munich, based on information from Immoportal:
| Apartment type | Average price | change |
|---|---|---|
| 1 room | €9,624 | +3.30% |
| 2 rooms | €9,552 | +0.94% |
| 3 rooms | €9,311 | +2.06% |
| 4 rooms | €9,322 | +3.45% |
| 5+ rooms | €9,716 | +4.40% |
In addition to the numbers, the discussions about the attic in the Glockenbachviertel also involve a lively debate. On Reddit, users express their opinions: Some find the price to be completely excessive, while others don't find it too unreasonable given the situation. The real estate expert, who observes current market prices, estimates a reasonable price per square meter at 7,000 to 8,000 euros - a difference that is no small thing for potential buyers.
Overall, one thing remains clear: the Munich real estate market is lively, but also challenging. If you want to do a good business, you should be aware of the risks and opportunities. Because as the saying goes? In Munich you need a good hand or a lot of luck!