Expert: Real estate crisis in Bavaria – luxury real estate prices in Munich remain unchanged high

Expert: Real estate crisis in Bavaria – luxury real estate prices in Munich remain unchanged high

According to a report by www.merkur.de, we are in 2023. The real estate crisis in Bavaria is omnipresent, but there is one market segment that seems to be unaffected by it: the super-premium sector. Ultra-luxury apartments in and around Munich continue to be offered at extremely high prices, and Bavaria has established itself as the hotspot for the most expensive properties in Germany.

According to the analysis by the Immowelt portal, almost a third of the most expensive properties are traded in Bavaria. The Arnold family's villa in Stephanskirchen near Rosenheim is being offered for sale for an incredible 29.5 million euros. Two other villas in Grünwald and Bogenhausen made it onto the list of the most expensive properties with prices of 15 million and 12.9 million euros. Munich also occupies a top spot when it comes to apartments, with a penthouse on Ungererstrasse advertised for 10.8 million euros and now reported as sold.

Christian Ehbauer, an expert in super-premium real estate, notes that this type of property is off the market and has its own rules. Buyers of such expensive properties usually finance them in cash because the price is not important to them. Sellers of such properties are often not under pressure to sell and do not have to give in during negotiations.

The effects on the real estate market in and around Munich are diverse. While the normal luxury real estate market is suffering from the crisis, super-premium properties appear to remain unaffected. This could lead to a further shift in prices and a concentration of property sales in the super-premium sector. Overall, this could result in the real estate market in Munich continuing to focus primarily on wealthy buyers and sellers, while the rest of the market has to deal with the effects of the real estate crisis.