Falling real estate prices in and around Munich - good news for home buyers in Bavaria

Falling real estate prices in and around Munich - good news for home buyers in Bavaria

According to a report by www.t-online.de, real estate prices in and around Munich have fallen by at least five percent compared to the previous year. The asking prices for houses in Munich fell by nine percent and in the surrounding area by six percent. For apartments, the average price decline is five percent in the city and six percent in the surrounding area.

This is how expensive real estate is in the south of Bavaria

A house in the city of Munich costs on average around 1.3 million euros, while an apartment costs almost 700,000 euros. In the surrounding area, the average price for a house is one million euros and for an apartment is half a million euros. Overall, the further the distance and the further north, the cheaper it becomes.

Impact on the real estate market

The fall in property prices in and around Munich could encourage potential buyers to consider properties that were previously out of their financial reach. This could lead to increased activity in the real estate market, particularly in areas previously considered too expensive. Demand for properties in the Munich area could also increase as buyers look for cheaper options and are willing to live further away from the city.

The regions with the lowest prices, such as the Aichach-Friedberg district, may be particularly interesting. There could be increased demand for real estate here, as some communities and cities in the south are well connected to Munich. The districts of Freising, Erding and Dachau, where the average price for a house is still under one million euros, could also experience increased interest from potential buyers.

Conclusion

The fall in real estate prices in and around Munich opens up new opportunities for potential buyers and could change the dynamics of the real estate market. In particular, regions with comparatively lower prices could benefit from increased demand, while more expensive areas may see a decrease in demand. The exact development remains to be seen, but the current price trends could have a significant impact on the real estate market in and around Munich in the coming months.