Munich: Buying an apartment is becoming easier – price trends surprise buyers!

Munich: Buying an apartment is becoming easier – price trends surprise buyers!

The current developments on the Munich real estate market are causing excitement. For the first time in years, something actually seems to be moving here. Buyers can currently purchase an average of 39 square meters of a condominium for 350,000 euros. That is five square meters more than in 2022, which can certainly be interpreted as positive news for prospective homeowners. Loud tz There will be larger apartments in 72 of the 79 largest German cities in 2025 than three years ago with the same budget.

Real estate prices in Munich also show a slight decline compared to 2022. This comes during a phase in which interest rates for building financing have been noticeably reduced, which gives potential buyers additional leeway. While Chemnitz offers 32 square meters more living space for the same budget and Hamburg has increased to 53 square meters, Munich remains Germany's most expensive city.

Price development and market development

However, the picture is not only characterized by falling prices per square meter. After three years of declining purchase prices, the Munich real estate market is showing signs of a turnaround. According to the real estate association IVD, there has even been a slight increase in prices in recent months. The prices for existing condominiums initially fell from 9,500 euros per square meter (peak in 2022) to 7,550 euros, and are now back at 7,700 euros per square meter, so sueddeutsche.de.

Stephan Kippes from the IVD is optimistic about this development and sees the newly increased prices as a sign of stabilization. This turnaround could be important for many Munich residents who are looking for a home.

Comparison with other cities

Anyone who wants to get an overview of the situation in other cities will find that Berlin and Frankfurt have also made progress, although they cannot keep up with Munich. Berlin has lost around eleven square meters compared to 2020, Cologne has lost even more - namely 15 square meters. Despite its high prices, Munich remains the most attractive location in the metropolitan region, but the development towards larger apartments for the same money should please many future buyers.

Overall, it shows that the Munich real estate market is more active than ever. The mix of more stable prices, larger living space and falling interest rates could actually have the potential to attract the next generation of home buyers to the city.