Munich · as of 19 October 2026
Real Estate in Munich
Munich has the highest price level of the major German cities. We guide and advise sellers, buyers and investors personally on every aspect of the property.
Locations in Munich
- Altstadt-Lehel and Maxvorstadt: City centre, period buildings and the museum quarter. Guide value: approx. €12,190/m² in Altstadt-Lehel, €11,035/m² in Maxvorstadt (apartments, ImmoScout24, Q2 2026).
- Schwabing: Gründerzeit architecture, the English Garden, sought-after apartments. Guide value: approx. €10,126/m² in Schwabing-West, €8,495/m² in Schwabing-Freimann (apartments, ImmoScout24, Q2 2026).
- Bogenhausen: Villas and apartments along the Isar. Guide value: approx. €8,363/m² (apartments, ImmoScout24, Q2 2026).
- Grünwald and Lake Starnberg: Villa locations in the surrounding area. No reliable separate figure is available for this location.
Guide values per m² from different sources: asking prices, estimates or transaction prices, as stated in each case. Individual properties vary considerably with condition, view and floor.
Munich Market
| Indicator | Value |
|---|---|
| Purchase prices year on year | −1.9 %, Q2 2026 (IW housing index) |
| Asking rents year on year | +3.7 %, Q2 2026 (IW housing index) |
| Price and rent level, apartments | purchase price €8,684/m², rent €23.59/m²; asking medians 2025, trend 2026 +4.6 % for prices and +4.0 % for rents (PlanetHome Report 2026) |
| Bubble risk according to UBS | score 0.61, moderate; real price change year on year −3.7 % (UBS Global Real Estate Bubble Index 2026) |
Buying and Costs
- Real estate transfer tax in Bavaria: 3.5 % of the price (Bayerisches Landesamt für Steuern).
- Notary and land registry: statutory fees under the German Court and Notary Fees Act, depending on the price.
- Agent's commission: for apartments and single-family houses, buyer and seller share the commission equally if both have an agency agreement (Section 656c German Civil Code).
Also see: Hamburg, Frankfurt, Berlin. More on the market in Germany.
What Buyers Should Check Here
- The rent cap applies in Munich until 31 December 2029 (Finanztip). For investors, what counts is the achievable rent on reletting, not the asking rent.
- The seller must present the energy performance certificate at the viewing at the latest; listings state its key values (Section 80 (4) Building Energy Act; Section 87).
- For condominiums, the declaration of division, minutes, budget and maintenance reserve show which costs the owners face.
- Guide to the process: Germany Guide.
Personal Advice
Tell us about your plans in Munich.
Request a valuationMarket figures from published reports with source and date; figures marked “approx.” are estimates. No investment, legal or tax advice. Information without guarantee. As of 19 October 2026.