Madness in Glockenbach: 1.55 million euros for attic ruins!

Madness in Glockenbach: 1.55 million euros for attic ruins!

In the heart of Munich, an exceptional property offering is for sale in the Glockenbachviertel. An undeveloped attic area of ​​around 160 square meters of living space is offered for 1,550,000 euros. This corresponds to a price per square meter of almost 10,000 euros, which is considered high according to experts. One real estate agent fears that this price may be difficult to achieve and points out the potentially high build-out costs that such a project would entail. It is possible that a crane may even be required for removal. In addition, monument protection requires complex permits, which could make the implementation of the project more complicated. These interesting details were provided by Mercury reported.

The property has a usable area of ​​almost 190 square meters and is a listed building. The discussion about this offer was lively on the “reddit” platform. Users expressed different opinions: some larger circles find the price excessive, while others consider it less unreasonable in the context of the central location. A real estate expert estimates a reasonable price per square meter for such properties to be around 7,000 to 8,000 euros.

Current real estate prices in Munich

In addition to the special offer in the Glockenbachviertel, general developments on the Munich real estate market shed interesting light on the situation. Loud Glaser real estate advice The price of apartments in Munich has fallen by around 11 percent since the beginning of 2023, from 9,000 euros to an average of 8,000 euros per square meter. However, in a 15-year comparison, prices have risen by a total of 135 percent, despite a recent price depression.

The current price trend shows a slight increase in real estate prices in May 2025 compared to the previous quarter: condominiums recorded an increase of 1.5 percent, while houses increased by 0.3 percent and apartment buildings increased by 2.1 percent. This could indicate that the market is slowly recovering and there is demand despite the previous declines.

Factors affecting property prices

Property prices in Munich vary significantly and depend on various factors, including location, year of construction, condition, amenities, energy efficiency, listed status and rental situation. The importance of these factors is clearly illustrated by the current market development and the specific conditions of the Glockenbachviertel.