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Family company acquires 115 apartments in Munich's sought-after Obergiesing!
In the Munich district of Obergiesing, a family office purchases a residential complex with 115 units, which underlines the trust in the real estate market.
Family company acquires 115 apartments in Munich's sought-after Obergiesing!
Nowadays in Munich you really get the feeling that the real estate markets are like a roller coaster ride. According to recent reports, a family office has acquired a 115-unit residential complex in Obergiesing amid the challenges posed by the real estate sector. The residential complex, which dates back to the late 1950s, covers a total area of around 5,700 square meters. An excellent infrastructure with shops for everyday needs and good connections to public transport make this location particularly attractive. We learn from it-boltwise that the sale was brokered by Engel & Völkers Munich Commercial, although the purchase price remains under wraps.
The importance of this sale for the Munich real estate market can hardly be overestimated. Frederich Nelles, Managing Director of Engel & Völkers Munich Commercial, emphasizes the importance of first-class market access. The fact that this transaction was successfully notarized after a short technical examination signals continued confidence in the Munich real estate market, which is always considered attractive despite economic challenges.
Market developments and price movements
The demand for real estate in Munich has been increasing sharply since mid-2024. A trend that the real estate analyst from stege-immo also confirms. On the one hand, the European Central Bank's interest rate cut has helped to ease tensions, but on the other hand, there is only a limited supply in sought-after locations such as Schwabing or Bogenhausen. This is what makes the coveted objects sold out so quickly. Prices in many segments are stable or showing moderate increases, which sends clear signals to anyone thinking about entering the real estate business in Munich.
Another aspect is the ongoing intensity of competition in the market. According to realtiesinvest, German real estate prices are on the rise after being stagnant for a long time. Particularly revealing is the purchase of 320 apartments and smaller commercial spaces in Munich by the logistics billionaire Klaus-Michael Kühne, who put a sensational 264.5 million euros on the table for them - the highest price ever paid for a residential portfolio in Munich. A clear sign of what is possible!
The future of the Munich real estate market
If you look into the crystal ball, the prospects for the Munich real estate market appear to continue to be stable. Despite economic fluctuations, the general forecast is positive, as stege-immo states. You will always encounter the looming challenges of rising construction costs and regulatory requirements, which will be a major concern for buyers and investors. A smart move for sellers could be to focus on professional marketing and sustainable projects.
But it's not just the low interest rate phase that offers opportunities; changing housing needs, such as micro-apartments or co-living spaces, could also enrich the market. Experts see growing interest in contemporary, flexible living concepts that meet the needs of today's society.
However things develop, one thing is certain: the Munich real estate market remains a hot place. Anyone who not only invests here, but also thinks cleverly and strategically, has a good chance on the dream home market.