Munich, the capital city of Bavaria has the highest population growth in the country for Prime Locations as per DG Hyp market report in 2014.
When in comes to market results, Munich leads the German pack in Prime Rents as well as the most expensive shopping destination in the country. The reason for this is due to the mix of a high-earning population with a very large number of visitors every year.
The major issue for investors going into Munich is the persistent demand for properties in the center, in a market with little space for new construction. The housing demand in Munich is such that surrounding areas are seeing a new surge due to lack of supply. Areas such as Augsburg are among the prefer locations for new investors.
With a lag in rental properties and the second highest disposable income, and the lowest unemployment rate at 5.2%, it’s no wonder Munich has the country’s highest average rent per square meter. Top locations rent for up to 24 Euros per square meter.
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