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Germany · EUR

Munichreal estate

Munich is Germany’s most expensive residential market, driven by BMW, Siemens and a tight inner-city land supply on the Isar.

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Street-verified new-builds
Notary & Grundbuch
3D map
New-builds

New-builds in München, tracked to the address

Every project is street-verified against official developer sources — house number, quarter, units, completion. Prices in EUR per m² where published.

Werksviertel-Mitte — Büschl render

Berg am Laim

Werksviertel-Mitte

On request

Atelierstraße, 81671 München, Berg am Laim

900 units · 85% built 2027 Q2

Developer: Büschl

Haus für München — Euroboden render

München

Haus für München

On request

Kreativquartier, 80335 München

64 units · 10% built 2027 Q2

Developer: Euroboden

Münchner Wohnen Neufreimann — Münchner Wohnen render

München

Münchner Wohnen Neufreimann

On request

Neufreimann, 80933 München

190 units · 5% built 2028 Q2

Developer: Münchner Wohnen

Cities

82 cities, each with its own transfer tax

Grunderwerbsteuer is state law — the same apartment costs a different surcharge in Munich and Cologne. Every city carries buy and rent anchors plus its local rate.

Homes near U-Bahn & S-Bahn — every Berlin station with a listings radar.Station directory
What a purchase really costs

€500,000 apartment in München

Transfer tax (Grunderwerbsteuer 3.5%)
€17,500
Notary (≈1.5%)
€7,500
Land register (Grundbuch ≈0.5%)
€2,500
Buyer agent share (3.57% incl. VAT)
€17,850
Cash needed at notary
€545,350

≈ +9.1% over the price. Provisionsfrei (no-agent) listings drop the Makler line. The notary reads the contract aloud before signature — German law, not a formality.

Rentals run on rules

The rent side, in three lines

  • Deposits cap at three months’ cold rent (§551 BGB) and must sit on a separate savings account.
  • Mietpreisbremse caps new leases above local comparative rent in tight areas; Berlin’s Mietspiegel sets the benchmark.
  • Modernization may be passed on at 8% of cost per year (§559 BGB) — check the Anpassung history before you underwrite.

Qualitative anchors only — live numbers come from the official city Mietspiegel, never a hardcoded table.

Developers

The builders behind the pipeline

Municipal landlords, premium Bauträger and boutique owner-run developers — tracked from Handelsregister to handover.

Münchner Wohnen

München · 100 yrs · 70,000 units delivered

Münchner Wohnen is Munich’s municipal landlord (~70,000 units; GEWOFAG + GWG merged in 2024). Affordable new-build under city programmes.

Official site

Bayerische Hausbau

München · 54 yrs · 8,000 units delivered

Bayerische Hausbau is a Munich family-owned investor-developer active across German metros in residential, office and retail (co-developer of Skyline Plaza Frankfurt).

Official site

ISARIA Wohnbau

München · 30 yrs · 4,000 units delivered

ISARIA Wohnbau is a private Munich developer of apartments, residential ensembles and individual homes in and around Munich.

Official site

Büschl

München · 40 yrs · 2,500 units delivered

Otto Büschl Gruppe is a Munich developer; its Werksviertel-Mitte turns the former Pfanni factory site into a new mixed-use quarter near Ostbahnhof.

Official site

Yields are low; vacancy is lower. Altstadt-Lehel and Maxvorstadt are trophy; Schwabing and Glockenbach absorb younger demand. Oktoberfest spikes short-stay, not the long-let book.

Bavaria’s transfer tax and notary costs apply. sivrce’s Munich page is a briefing until listings exist.

FAQ

Why is Munich so expensive?
High wages, limited inner land, and persistent inbound jobs. Vacancy is thin, so rents are predictable even when yields look modest.
Is Munich good for rental investors?
Cash yield is compressed. Investors buy scarcity and tenant quality, not a 7% cap rate.

All markets: sivrce.com · Georgia marketplace: sivrce.ge · Prices and availability are published only when a verified listing exists. Market currency: EUR.