Munich real estate prices: Current & detailed analysis

Current real estate market reports

Real estate prices in Munich and its surrounding areas have risen dramatically between 2010 and 2022. Rogers Immobilien offers you up-to-date information on real estate prices in Munich and its individual districts. The information on real estate prices is compiled by real estate agent Rogers and made available to you for personal use. You will learn how prices are developing in the real estate market and gain insight into current apartment prices, house prices, and land prices.

Munich Real Estate Prices 2022 – The Most Important Information on Actual Purchase Prices Achieved

It is important for both buyers and sellers to know the current real estate prices in Munich. The city on the Isar River is very popular and is one of Germany's most sought-after places to live. This is noticeable in the prices of apartments, houses, and land. Munich has by far the highest price level. This detailed overview serves as an initial orientation on average prices for residential properties. The analyses do not include asking prices, but rather actual purchase prices. The data is based on the analysis of purchase prices provided by the appraisal committee.

In 2022, the following picture emerged regarding square meter prices for condominiums in average residential areas: Apartments built between 1960-1979 averaged €7,700 per square meter, those built between 1980-1999 averaged €8,400 per square meter, and those built between 2000-2019 averaged €9,600 per square meter. In upscale residential areas, apartments built between 1960-1979 recorded an average of €8,650 per square meter, for the period 1980-1999 the average was €9,300 per square meter, and for apartments built between 2000-2019, the average value was €10,200 per square meter.

In attractive, centrally located areas, the price per square meter for apartments built between 1960-1979 was approximately €10,600, for those built between 1980-1999 it averaged €11,400, and for apartments built between 2000-2019 it averaged €12,850 per square meter. In so-called prime locations outside the city center, prices for apartments built between 1960-1979 averaged €10,000 per square meter, for those built between 1980-1999 it was approximately €10,150 per square meter, and for apartments built between 2000-2019 it was an average of €12,850 per square meter.

Prices for semi-detached houses start at EUR 1,250,000, end-unit terraced houses start at EUR 1,200,000, and mid-terrace houses start at EUR 905,000. Due to the wide variety in construction type and plot size, it is difficult to determine generally valid prices for detached single-family homes. Therefore, an exact valuation for a specific property always requires the expertise of an independent real estate agent or appraiser.

The price may deviate from the stated average values, as the plot size, living area, amenities, condition, and location influence pricing. Therefore, an individual property valuation is essential. If you would like to know the value of your property in Munich, please do not hesitate to contact us.

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House prices in Munich

Price development for single-family homes

Detached single-family homes in average as well as good residential areas ranged from 1.0 to 2.5 million euros. These were used homes (existing properties). The living areas ranged from 90 to 230 m². For new single-family homes in good locations, an average purchase price of approximately EUR 14,000/m² was paid for an average living area of around 275 m².

A very wide price range can be observed for single-family homes. This is due to very different locations, years of construction, living areas, lot sizes, and very specific features. Therefore, average values in this market segment are not necessarily representative or meaningful. As experienced real estate agents, we would be happy to provide a property valuation for your house.

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Price development for semi-detached houses

The expert committee recorded a slight decrease in the number of semi-detached houses sold in 2022 compared to 2021. A decline of 38 percent was registered. In average and good locations, semi-detached houses achieved an average purchase price between 950,000 and 1.685 million euros. The living area ranged from 95 to 145 m². Depending on the year of construction, different prices per square meter were achieved.

Year of construction and EUR per square meter of living space

1950 to 1979 – 9,970 EUR

1980 to 1999 – 10,500 EUR

2000 to 2019 – 11,300 EUR

Price development for terraced houses

The purchase prices for terraced houses have risen. In Munich, terraced corner houses cost between 1,205,000 and 1.565 million euros in average and good locations. The living area ranged between 120 and 145 m². The evaluations include very different equipment standards. Depending on the year of construction, the following per-square-meter prices for the living area result.

Year of construction and EUR per square meter of living space

1950 to 1979 – 8,870 EUR

1980 to 1999 – 8.500 EUR

2000 to 2018 – 10.375 EUR

Price development of terraced houses

Terraced houses achieved sales prices between 905,000 and 1.370 million Euros for a living area of 105 to 135 m² in average and good locations.

These are average prices for used properties, intended for initial orientation. New construction properties are not included.

Year of construction and EUR per square meter of living space

1960 to 1979 – 10,250 EUR

1980 to 1999 – 9,550 EUR

2000 to 2018 – 10,750 EUR

Apartment prices in Munich

Location also plays a significant role in determining the purchase price of condominiums. In average locations in Munich, the selling prices for apartments built between 1950–1979 averaged €8,000/m², for those built between 1980–1999 averaged €8,400/m², and for those built between 2000–2019, the selling prices averaged €9,600/m².

Condominiums in good locations built between 1950 and 1979 were sold for 9,100 EUR/m². Buildings from the years 1980–1999 achieved a purchase price of 9,300 EUR/m², and those built between 2000 and 2019 averaged 10,250 EUR/m².

Average prices for condominiums in good, central locations were accordingly higher. The purchase price for properties built between 1950 and 1979 was EUR 10,700/sqm, while properties built between 1980 and 1999 achieved prices of EUR 11,300/sqm. Condominiums in central locations built between 2000 and 2019 cost an average of EUR 14,200/sqm.

In prime locations, price per square meter for condominiums built between 1950–1979 averaged 11,100 EUR/m², construction years 1980–1999 totaled 10,150 EUR/m², and for construction years 2000–2019 the average price was 12,500 EUR/m².

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Average position

1950 to 1979 – 8,000 EUR

1980 to 1999 – 8,400 EUR

2000 to 2019 – 9,600 EUR

Good location

1950 to 1979 – 9,100 EUR

1980 to 1999 – 9,300 EUR

2000 to 2019 – 10,250 EUR

Good central location

1950 to 1979 – 10,700 EUR

1980 to 1999 – 11,300 EUR

2000 to 2019 – 14,200 EUR

Best location

1950 to 1979 – 11,100 EUR

1980 to 1999 – 10.150 EUR

2000 to 2019 – 12,500 EUR

Property prices in Munich

In average locations, plots of land for houses with up to two residential floors cost between 1,450 and 3,350 EUR/m². Good locations achieved square meter prices of 2,200 to 4,050 EUR/m². In prime locations (e.g., villa neighborhoods), land prices ranged from 3,550 to 10,950 EUR/m². For the construction of buildings with three or more floors, the square meter prices were correspondingly higher. In average locations, they ranged from 2,700 to 5,300 EUR/m², and in good central locations from 7,750 to 10,150 EUR/m². The figures refer exclusively to fully developed residential building plots. Inner-city locations are not taken into account.

Average prices for plots of land for up to two residential stories

Average locations 2,400 EUR/sq m

Good locations - 3,150 EUR/m²

Prime location 7,200 EUR/m²

Real estate price development in
Munich surroundings

The surrounding communities are benefiting considerably from the growth of Bavaria's state capital, Munich. Many families with children are happy to look around the surrounding communities because housing costs there are partly below the level of the state capital and the real estate offerings are somewhat larger. However, most communities in the surrounding area are also experiencing increasing scarcity of supply. In all municipalities, land and purchase prices, as well as rents, are rising sharply. Occasionally, prices in preferred residential areas with good transport links reach the average level of the state capital. There is a lack of building land in all villages. This is driving up land prices, so the pressure for infill development is growing. There is less and less land available for traditional home construction. The demand for condominiums, both for owner-occupancy and as investments, remains consistently high. The most important criterion when making a purchase decision is still the location of the property. A good location is characterized by an attractive micro-location with well-developed infrastructure. Shopping facilities and access to public transportation are of particular importance.

Real estate prices are higher in municipalities with their own S-Bahn station than in those without S-Bahn connections. This is because the demand for real estate in towns without an S-Bahn connection is considerably lower. However, there are some exceptions. Especially south of Munich around Lake Starnberg and in some parts of the Würmtal valley, price levels in individual market segments reach the level of Munich or even exceed it.

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Western surroundings

In the west of Munich, house prices have increased by 135 percent since 2012. Currently, the average price for existing houses is 8,150 EUR/m². For used condominiums, the average is 6,920 EUR/m². In the popular municipality of Gröbenzell, average house prices are currently 8,430 EUR/m², in Eichenau they are 8,275 EUR/m², and in Puchheim 7,750 EUR/m². A used condominium currently costs an average of 7,080 EUR/m² in Gröbenzell, 6,890 EUR/m² in Eichenau, and 6,800 EUR/m² in Puchheim.

The small town of Puchheim consists of two spatially separated districts (Puchheim-Ort, Puchheim-Bahnhof). It has limited buildable land. Eichenau and Gröbenzell are characterized by very advantageous infrastructure. Furthermore, the garden city character of both communities is highly popular. Gröbenzell borders the Munich city limits in some neighborhoods. The proximity to Munich as well as the lack of available land drive the above-average price level.

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Houses: Living space costs

Puchheim – 7,750 EUR/m²

Eichenau – 8.275 EUR/m²

Gröbenzell – 8,430 EUR/m²

Condominiums: Living space costs

Puchheim – €6,800/m²

Eichenau – €6,890/m²

Gröbenzell – 7,080 EUR/m²

Southern outskirts

House prices south of the metropolis have also risen significantly. In Taufkirchen, they are currently averaging €8,215/m², in Unterhaching €8,850/m², and in Pullach an average of €12,785/m². Used condominiums currently cost €7,560/m² in Taufkirchen, €7,640/m² in Unterhaching, and €9,215/m² in Pullach. Price increases for houses and existing apartments are evident across all construction year categories. The figures are for initial orientation. We would be happy to appraise your property upon request.

Houses: Living space costs

Taufkirchen – 8.215 EUR/m²

Unterhaching – 8,850 EUR/m²

Pullach – 12,785 EUR/m²

Condominiums: Living space costs

Taufkirchen – 7,560 EUR/m²

Unterhaching – 7,640 EUR/m²

Pullach – 9.215 EUR/m²

Eastern Surroundings

For a used house in Feldkirchen, buyers should expect to pay an average of EUR 8,240/m², in Haar EUR 8,980/m², and in Neubiberg EUR 9,430/m². Existing condominiums in Feldkirchen average EUR 7,110/m², in Haar EUR 7,510/m², and in Neubiberg EUR 7,825/m².

Houses: Living space costs

Feldkirchen 8,240 EUR/m²

Hair 8,980 EUR/sq m

Neubiberg – 9,430 EUR/m²

Condominiums: Living space costs

Feldkirchen 7.110 EUR/m²

Hair 7,510 EUR/m²

Neubiberg – 7.825 EUR/m²

Northern outskirts

The university town of Garching has excellent infrastructure. The subway connection, in particular, ensures fast and convenient access to the state capital. Ismaning is characterized by its rural nature. Its convenient location between Munich and the airport ensures high demand for real estate.

Houses: Living space costs

Unterschleißheim – 7,850 EUR/m²

Garching – 8,630 EUR/sq m

Ismaning – 9.140 EUR/m²

Condominiums: Living space costs

Unterschleißheim – 6,960 EUR/m²

Garching – 7,660 EUR/m²

Ismaning – 7,710 EUR/m²

Real estate market reports for Munich city districts

The real estate market reports are arranged alphabetically by district. Simply scroll to find the real estate prices for your desired district. The market reports are continuously updated and expanded. Do you want to know the value of your property? Of course, you can also contact us directly. We are very happy to assist you with well-founded valuation information. Call us at Tel. 089 70065020

Everything you need to know

Question:

Corona and Property Prices in Munich - How is the Market Developing?

Answer: Both prospective buyers and sellers are asking themselves whether price increases will continue. The demand for residential property remains very strong. Purchase prices are being achieved, particularly in central locations, that were barely imaginable in the recent past. The question currently arises as to whether there will be delayed impacts of the corona crisis on the Munich real estate market. The market will show this in the coming months.

Question:

What is the forecast for the development of real estate prices in the Bavarian metropolis?

Answer: Despite Corona, the demand for residential real estate continues unabated. Since listings in inner-city locations are scarce, we are seeing increased demand in mid-tier locations. Larger apartments that offer enough space for a home office are popular. Properties with a balcony and garden are also in high demand. We currently continue to expect an upward trend in the Munich real estate market, which will have a positive impact on price per square meter for sellers. Despite this trend, the location and condition of the property always matter.

Question:

Is now the right time to sell my property in Munich?

Answer: The ideal time to sell your property in Munich cannot be easily determined because the owner's individual situation is crucial. To help you make this decision, as real estate agents we can explain various factors and point out important clues. This will give you a good foundation to make the right decision for yourself. We are happy to help you coordinate the optimal time to sell your house, apartment, or plot of land. It is very important to us that you achieve the best possible selling price for your property and make the sale smooth. We look forward to hearing from you.

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Katerina Rogers at her desk writing notes

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Munich surrounding area real estate market reports

White single-family home with dormer, balcony, and blooming garden under a blue sky in Munich

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MARKET REPORT GERMERING

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Marktreport Gauting

Unterhaching

Marktreport Unterhaching

Katerina and Thomas, the real estate agent team of Rogers Immobilien in Munich

Owners of Rogers Immobilien stand smiling together in front of the office building in traditional Bavarian attire

Katerina and Thomas Rogers introduce themselves briefly!

Since 2004, as real estate agents, we have been successfully brokering apartments, houses, and properties in Munich.
We offer innovative and modern marketing.
Sellers, landlords, buyers, and tenants alike appreciate this.
We have excellent knowledge of the Munich real estate market, and you will benefit immensely from our expertise.
With us, you will achieve the best possible price for your property quickly and securely.
We offer a comprehensive service focused on transparency, openness, and success.
We are happy to take ample time for all your questions and concerns.
We look forward to hearing from you.

4.8 / 5.0

Here's how customers rate our work

Great professionalism and constant availability

Now that the sale of my apartment has been completely finalized, I would like to take this opportunity to thank you again for the excellent cooperation with your agency. The marketing of the property, especially the exposé you created, was of a high standard and presented the property optimally. Your agency was characterized by high efficiency, great professionalism, and constant availability. You advised me excellently throughout the entire sale and truly accompanied me until the final formalities. For these reasons, I can only wholeheartedly recommend your agency.

Dr. J. L.

Thanks to Mr. and Mrs. Rogers, we've found our dream home 🙂
From the very first second to the very last, the service was extremely friendly, professional, and attentive. We couldn't have asked for a better experience, and we'd like to express our heartfelt thanks! 🙂

L. B.

We would like to thank Ms. Rogers and Mr. Rogers from the bottom of our hearts for their exceptional support as we searched for our new home. After more than three years of intensive searching and numerous meetings with various real estate agents, we have finally found a team that has impressed us not only with the highest level of professionalism, but also with their warmth and great dedication.

From the very first contact, we were guided through the entire purchasing process with great care, patience, and friendliness. Also worth mentioning is Ms. Kaufmann—a financing expert who was recommended to us by Ms. Rogers. The collaboration between Ms. Rogers, Mr. Rogers, and Ms. Kaufmann played a key role in ensuring that all the formalities went remarkably smoothly and without complications.

Communication was always open, honest, and warm, and the advice was professional and tailored precisely to our needs. Thanks to this support, we were able to make our dream of owning our own home a reality.

We wholeheartedly recommend Rogers Immobilien to anyone looking for real professionals with a human touch. Thank you again sincerely – we will remember you fondly!

M. G.

A fantastic and very honest real estate agency—Mr. and Mrs. Rogers were highly knowledgeable and provided us with the best possible advice and information at every step throughout the several-month process of purchasing an older home. 5 stars—that’s become a rarity in Munich!

P. W.

While searching for an apartment to rent in Munich, we eventually came across a property listed by Mr. and Mrs. Rogers. We have nothing but positive things to say about the entire process, from our initial contact all the way through to the handover of the apartment. Everything went very professionally and smoothly. Mrs. Rogers was always approachable and went out of her way to answer even the smallest questions as quickly as possible and to gather all the requested information. Mr. Rogers organized and conducted the apartment viewing and subsequent handover very carefully and conscientiously. All in all, we were extremely satisfied with our interactions with Mr. and Mrs. Rogers and can highly recommend them!

S.R.

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