Over 15 years of experience in Munich, Bavaria & the surrounding area. Commission the best real estate agents for your property in Munich.
Anyone selling or letting a property in Munich doesn't need advertising promises, but a realistic assessment. We tell you what your property will fetch on the market, which documents are missing, and what marketing duration to expect — before you decide to work with us.
Register your search criteria in our database free of charge. As soon as a suitable property becomes available in Munich, we will notify you immediately. Whether it's a house, apartment, plot of land, or investment property — you specify what suits you, and we will only contact you with matches that meet your expectations. Our service is free and non-binding for you as a searcher.
Personally by Gerhard Hahn · FREITAG® Immobilien GmbH
Over 30 years of experience as a real estate specialist
Firstly: an honest valuation of your property in Munich — based on actual comparable sales, not on aspirational prices. Secondly: a clear, written marketing concept before you sign. Thirdly: personal availability of Gerhard Hahn himself — not of changing assistants.
»Competent and trustworthy, absolutely perfect«
»Mr Freitag successfully sold my company mudis and completely surprised me with the sale price. I am still absolutely thrilled!«
»FREITAG® Immobilien helped us quickly and professionally with a financially very urgent matter. Many thanks again for that!«
Anyone looking for an experienced real estate agent in Munich expects more than just the publication of an advertisement. Crucial factors are a realistic valuation, a suitable marketing strategy, high-quality documentation, professional communication with prospective buyers and secure contract processing. This is precisely where we come in.
As a real estate agency for Munich, we support owners, communities of heirs, capital investors, and landlords in all phases of real estate brokerage — with clear processes and transparent advice.
Personal consultationPersonal, discreet, with over 15 years of market knowledge – your real estate agent for Munich.
You don't have to come to us: For a personal consultation or a property valuation, your real estate agent will, of course, come to you in Munich – discreetly, without obligation, and at an appointment time that suits you.
Market data for Munich at a glance: purchase prices for houses and flats, rents, and land values, each with a history of several years. The basis is publicly available statistics and analyses from the valuation committees.
Munich is the capital of the Free State of Bavaria and Germany's most populous and densely populated municipality. It forms the core of the Munich metropolitan region, home to approximately 6.2 million people, and is considered a global city, a hub for culture, politics, science, and media. Munich hosts numerous authorities, corporations, universities, theatres, and Bavaria's only stock exchange. The city attracts international tourism due to its architecture, protected monuments, sports events, trade fairs, and the Oktoberfest. For property buyers and owners, this signifies a location within a significant economic and cultural centre.
Source for local facts: Wikipedia
Current average purchase price per m² for houses in Munich: 9,850 €/m²
House prices in Munich have risen significantly over several years — driven by its proximity to Munich, high demand for family-friendly home ownership, and limited supply. Strong increases until 2022 were followed by a slight correction in 2023/2024, before the market recently showed renewed strength.
| Year | Avg. value | Change |
|---|---|---|
| 2015 | 6,250 €/m² | – |
| 2016 | 6,650 €/m² | +6.4 % |
| 2017 | 7,100 €/m² | +6.8 % |
| 2018 | 7,650 €/m² | +7.7 % |
| 2019 | 8,250 €/m² | +7.8 % |
| 2020 | 8,750 €/m² | +6.1 % |
| 2021 | 9,250 €/m² | +5.7 % |
| 2022 | 9,700 €/m² | +4.9 % |
| 2023 | 9,900 €/m² | +2.1 % |
| 2024 | 9,850 €/m² | -0.5 % |
Current average purchase price per m² for apartments in Munich: 10,450 €/m²
Apartments in Munich have also shown a positive long-term price development. It was particularly dynamic between 2017 and 2022. Since 2023, a noticeable calming has been observed — albeit without significant price decreases. The limited supply continues to support the price level to this day.
| Year | Avg. value | Change |
|---|---|---|
| 2015 | 5,850 €/m² | – |
| 2016 | 6,250 €/m² | +6.8 % |
| 2017 | 6,750 €/m² | +8 % |
| 2018 | 7,350 €/m² | +8.9 % |
| 2019 | 8,050 €/m² | +9.5 % |
| 2020 | 8,650 €/m² | +7.5 % |
| 2021 | 9,250 €/m² | +6.9 % |
| 2022 | 9,850 €/m² | +6.5 % |
| 2023 | 10,100 €/m² | +2.5 % |
| 2024 | 10,450 €/m² | +3.5 % |
Current average rent per m² in Munich: 21.80 €/m²
Rents in Munich have continuously increased in recent years. The development was particularly dynamic between 2018 and 2022. In 2023/2024, the increase continued at a more moderate pace — a sign of an already high rental level with stable demand.
| Year | Avg. value | Change |
|---|---|---|
| 2015 | 14.20 €/m² | – |
| 2016 | 14.80 €/m² | +4.2 % |
| 2017 | 15.50 €/m² | +4.7 % |
| 2018 | 16.30 €/m² | +5.2 % |
| 2019 | 17.10 €/m² | +4.9 % |
| 2020 | 17.80 €/m² | +4.1 % |
| 2021 | 18.60 €/m² | +4.5 % |
| 2022 | 19.50 €/m² | +4.8 % |
| 2023 | 20.60 €/m² | +5.6 % |
| 2024 | 21.80 €/m² | +5.8 % |
Current average land value per m² in Munich: 4,200 €/m²
The land value in Munich has developed significantly upwards — a reflection of the quality of the location and its proximity to the Munich market. Plots are scarce, and demand is structurally high. Strong increases until 2022 were followed by a brief consolidation before values stabilised.
| Year | Avg. value | Change |
|---|---|---|
| 2015 | 2,450 €/m² | – |
| 2016 | 2,650 €/m² | +8.2 % |
| 2017 | 2,900 €/m² | +9.4 % |
| 2018 | 3,150 €/m² | +8.6 % |
| 2019 | 3,450 €/m² | +9.5 % |
| 2020 | 3,700 €/m² | +7.2 % |
| 2021 | 3,950 €/m² | +6.8 % |
| 2022 | 4,150 €/m² | +5.1 % |
| 2023 | 4,250 €/m² | +2.4 % |
| 2024 | 4,200 €/m² | -1.2 % |
The real estate market in Munich remains a clear seller's market overall, even if the momentum has slowed somewhat compared to the boom years. Demand for housing remains high, supported by a strong labour market, international appeal, limited new construction, and a permanently tight supply of land. For buyers, this means: good properties in sought-after locations are sold quickly; while price negotiations are possible again more frequently than in 2021/2022, they generally remain limited. For sellers, the price level remains attractive, especially for energy-efficient, modernised, and well-connected properties. For capital investors, Munich remains interesting despite the high entry level, as rental demand is broad and stable. The rough gross rental yield range is usually around 2.2 % to 3.4 % gross, depending on the location, property condition, and price level; in peripheral locations or for smaller units, slightly higher values can occasionally be achieved. The real estate prices in Munich in relation to the rental prices in Munich are particularly relevant, as the yield expectation is derived from this. Overall, the market is suitable for long-term oriented buyers who value stability, lettability, and substance. However, anyone wanting to buy a house in Munich or buy an apartment in Munich should carefully check the high entry prices, potential renovation costs, and the differentiated micro-locations.
The data from recent years paints a clear picture of price movements for Munich within the Bavarian market and its strong integration. For detached and terraced houses in Munich, the average purchase price moved from 6,250 €/m² in 2015 to the current 9,850 €/m² (2024) — a total change of +57.6 % over 9 years, which corresponds to an average value increase of +5.2 % p.a. The previous peak was reached in 2023 at 9,900 €/m²; since then, the market has corrected by -0.5 % — a typical pattern in many German mid-sized markets following the interest rate turnaround. Condominiums in Munich started at around 5,850 €/m² in 2015 and are now at 10,450 €/m² (+78.6 % over 9 years, Ø +6.7 % p.a.). They are therefore often suitable as an entry into home ownership or as a capital investment with a manageable ticket size. The average net cold rent in Munich developed from 14.20 €/m² (2015) to the current 21.80 €/m² — +53.5 % over 9 years or Ø +4.9 % p.a. For landlords, the continuous rent increase ensures a predictable adjustment to inflation and operating costs. The standard land value (Bodenrichtwert) in Munich rose from 2,450 €/m² (2015) to the current 4,200 €/m² (+71.4 % in 9 years) — an essential indicator of the structural location quality and local demand for building land. Based on current values, a rented condominium in Munich results in a calculated gross rental yield of around 2.5 % — without taking into account vacancy, maintenance, and ancillary purchase costs. Experience shows that realistic net yields are 0.8 to 1.5 percentage points lower. For owners in Munich considering a sale or letting, an individual, data-based valuation is the most important first step — it replaces estimates from online calculators that cannot reflect micro-location, energy efficiency, and property substance. FREITAG® provides this valuation free of charge and without obligation.
Rental yield range (approx.): 2.2 – 3.4 % gross.
These market data are regularly updated and reviewed at least every 12 months based on current statistics and expert committee data.
Current market values in Munich compared to the median of all municipalities in Bayern.
| Key figure | Munich | Bayern (Median) | Difference |
|---|---|---|---|
| Houses Ø | 9,850 €/m² | 3,650 €/m² | +169.9 % |
| Flats Ø | 10,450 €/m² | 3,850 €/m² | +171.4 % |
| Rents Ø | 21.80 €/m² | 9.80 €/m² | +122.4 % |
Annual average values for purchase prices (houses & flats) and rents in Munich, each including the change compared to the previous year.
| Year | Houses Avg/m² | YoY | Flats Avg/m² | YoY | Rent Avg/m² | YoY |
|---|---|---|---|---|---|---|
| 2015 | 6,250 €/m² | – | 5,850 €/m² | – | 14.20 €/m² | – |
| 2016 | 6,650 €/m² | +6.4 % | 6,250 €/m² | +6.8 % | 14.80 €/m² | +4.2 % |
| 2017 | 7,100 €/m² | +6.8 % | 6,750 €/m² | +8 % | 15.50 €/m² | +4.7 % |
| 2018 | 7,650 €/m² | +7.7 % | 7,350 €/m² | +8.9 % | 16.30 €/m² | +5.2 % |
| 2019 | 8,250 €/m² | +7.8 % | 8,050 €/m² | +9.5 % | 17.10 €/m² | +4.9 % |
| 2020 | 8,750 €/m² | +6.1 % | 8,650 €/m² | +7.5 % | 17.80 €/m² | +4.1 % |
| 2021 | 9,250 €/m² | +5.7 % | 9,250 €/m² | +6.9 % | 18.60 €/m² | +4.5 % |
| 2022 | 9,700 €/m² | +4.9 % | 9,850 €/m² | +6.5 % | 19.50 €/m² | +4.8 % |
| 2023 | 9,900 €/m² | +2.1 % | 10,100 €/m² | +2.5 % | 20.60 €/m² | +5.6 % |
| 2024 | 9,850 €/m² | -0.5 % | 10,450 €/m² | +3.5 % | 21.80 €/m² | +5.8 % |
Source: FREITAG® Immobilien's own market research based on publicly available statistics and expert committee evaluations.
Frequently asked questions about buying, selling, financing, and living in Munich — concisely answered.
For owners in Munich who wish to sell their property and continue to live in it, FREITAG® offers the classic property annuity (Immobilienverrentung) — via usufruct (Nießbrauch), Right of residence, Leaseback or Life annuity. You release the capital tied up in your house or condominium in Munich and secure a right of residence registered in the land registry.
The model that is particularly in demand is Usufruct: You remain the economic owner, are in the first rank in the land registry, and can even rent out the property if needed. An owner-occupancy termination is contractually excluded for all four models.
Whether it's care costs, gifts to heirs, or a noticeably higher pension: We will check for owners in Munich, free of charge, which model suits their life situation, and obtain offers from selected investors and foundations.
For production halls, office buildings, medical centres (Ärztehäuser), and logistics areas in Munich FREITAG® brokers both classic sales and Sale & Lease-Back. Buyers include family offices, real estate funds, and private portfolio holders with a long-term horizon.
The process is discreet: contact is made off-market, without an advertisement and without a sign on the property. Employees, customers and competitors in Munich will not know anything, as long as you don't wish it.
It starts with a reliable valuation based on the income approach (Ertragswert) — not a desired figure. Based on this, you decide whether to sell, lease back, or hold.
Owners of hotels and restaurants in Munich who wish to sell their hospitality property or lease it want, will find FREITAG® to be a partner for the Horeca sector. We broker everything from traditional guesthouses and cafés to hotels and boarding houses to investors and successors who understand the industry.
Selling a hotel in Munich without business interruption is a complex task: We assist with valuation, discreet exposé creation, and approaching suitable buyer groups — for ongoing operations as well as for properties with conversion potential.
Alternatively, we lease: solvent tenants with industry experience, checking of creditworthiness and concept, long-term predictable lease income. For every hospitality property in Munich the right strategy.
Managing Director of FREITAG® Beteiligungsgesellschaft mbH
Gerhard Hahn has been appraising and brokering real estate in Bavaria and Southern Germany for more than three decades. His focus is on properties that are not publicly advertised, and on constellations where multiple owners need to find a common solution.
Many property owners in Munich wish to sell without neighbours, tenants, or employees finding out. Gerhard Hahn has been providing precisely this discreet approach for over 30 years. Personal appointments in Munich are an integral part of every mandate for Gerhard Hahn — no remote diagnosis, no templates.
Note: This list is based on AI-powered research (ChatGPT) of publicly available sources and does not constitute an official evaluation or recommendation. The order does not imply a hierarchical ranking.
Owner-managed estate agency with over 15 years of experience in the Munich and Starnberg region. Specialising in property brokerage, valuations, and services across more than 180 municipalities around Munich within a 150 km radius, including the Munich district and Lake Starnberg. Focuses on local sales of houses, apartments, and plots of land.
Visit websiteHighly-rated estate agent focusing on sales and consultancy in the Munich district. Offers expert services for residential properties in the immediate vicinity of Munich. Owner-managed and recommended by clients for regional expertise.
Experienced estate agent with over 700 positive client reviews, specialising in houses, condominiums, and investment properties. Active in Munich South and surrounding areas such as Unterhaching in the Munich district. Offers professional brokerage for residential properties in the region.
Local estate agent since 2007 with a focus on sales and lettings in Unterschleißheim. Offers free valuations and quick sales with expertise in residential properties. Also serves Munich and the surrounding area.
Visit websiteAre you looking for a real estate agent not directly in Munich, but in the surrounding area? FREITAG® also serves the following municipalities in Bavaria with local market knowledge, current purchase prices, and personal advice:
These locations are within a price band of ±10% around the current average house price per square metre of Munich (Ø 9,850 €/m²) — ideal for an honest market comparison and alternative location assessments.
Munich is located in a border region — many of our clients compare locations across countries. These municipalities in neighbouring countries offer similar location qualities and are often the closest alternative:
Detailed analysis of the plot, year of construction, condition, and micro-location. We develop an individual marketing strategy and support the house sale up to the notary appointment.
Minutes of the owners' meeting, maintenance reserve fund, and special rights of use are also decisive for the price. We review the documents before the first viewing appointment.
Developability, layout, development status, and land value guide are crucial. We provide a realistic valuation and specifically address suitable buyers and investors.
Office, practice, warehouse, hotel, or gastronomy — discreet marketing with a sound valuation and personal support until completion.
Professional market placement, well-considered tenant selection, and legally sound documents for a smooth letting of your flat.
Detached houses, semi-detached houses, or terraced houses appeal to different target groups — we ensure the appropriate presentation and solvent tenants.
We calculate how much a registered right of residence (Wohnrecht) reduces the purchase price — and whether property annuity (Immobilienverrentung) is worthwhile for you compared to a traditional sale.
Comparative value, intrinsic value (Sachwert) or income approach (Ertragswert): We select the appropriate method for the property and disclose the derivation, instead of just stating a number.
Contact us — we will advise you without obligation on valuation, marketing, and next steps.
Phone hours: Mon–Sat 09:00–20:00 · Sun & public holidays closed
The newspaper reports on the continued tense situation in the Munich housing market and new construction sites or permit figures. Munich is mentioned in the title, and the article directly addresses the local construction and housing situation.
The article summarizes new construction projects in Munich, mentioning price levels, planned residential units, and central districts such as Neufreimann and Freiham. It clearly belongs to the relevant news about housing construction and urban development in Munich.
The article with the title regarding Munich covers the growing demand and declining construction activity at the location. It is thematically appropriate, even if it is prepared more as a market commentary.
The article describes Munich as a real estate market with growth, but also with bottlenecks and transformation pressure. The focus is on demand, construction activity, and structural challenges of the Munich market.
The announcement regarding the IVD analysis describes that the downward trend in new housing construction in Munich could not be stopped. It mentions sharply declining building permits and the special situation of the state capital as a housing market hotspot.
The article reports that the supply of rental apartments in Munich has shrunk significantly since 2021 and points to rising construction costs and declining new construction activity. This is clear news regarding the Munich housing market.
The housing construction atlas provides figures on completed apartments in Munich and the metropolitan region as well as the size of new buildings. The publication is issued by the City of Munich and directly addresses local housing development.
The market report provides an overview of the Munich real estate location and classifies the development of supply, demand, and prices. The report is explicitly related to the Munich location and is therefore thematically appropriate for real estate and urban development.
Regarding our financial situation: Our combined household net income is approximately €4,400 net per month (Dari has a stable net income of approximately €2,200, Alexis €2,300). Both employment contracts will be fully available at the latest upon signing the tenancy agreement. Furthermore, we have sufficient savings to cover the deposit and, if necessary, the rent for the first 12 months. As additional security, our parents can act as guarantors (property ownership valued at approximately €1 million and stable income available, proof upon request). We are happy to provide a current Schufa credit report and further documents.
Regarding our financial situation: Our combined household net income is approximately €4,400 net per month (Dari has a stable net income of approximately €2,200, Alexis €2,300). Both employment contracts will be fully available at the latest upon signing the tenancy agreement. Furthermore, we have sufficient savings to cover the deposit and, if necessary, the rent for the first 12 months. As additional security, our parents can act as guarantors (property ownership valued at approximately €1 million and stable income available, proof upon request). We are happy to provide a current Schufa credit report and further documents.
Investment property sought: Multi-family house in Hannover with verifiable rental income. Renovation needs are not an exclusion criterion if the price is appropriate.
Investment property sought: Multi-family house in Hannover with verifiable rental income. Renovation needs are not an exclusion criterion if the price is appropriate.
Seeking investment property in the Hamburg area. Energy performance should be verifiably documented, parking space is an advantage.
Seeking investment property in the Hamburg area. Energy performance should be verifiably documented, parking space is an advantage.
