An emptied real estate market and enormous demand: The current report by the German Real Estate Association shows that Munich and the surrounding area are still getting more expensive. But purchase prices and rents rise at different rates.
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Iris Hilberth
If you were looking for a house or an apartment and hoped that the rise in property prices in the Munich region could be slowed down a bit in the pandemic, you will have to find out in the second Corona year: It is still going up steeply. The head of the market research institute of the German Real Estate Association (IVD), Stephan Kippes, spoke on Wednesday at the presentation of the autumn survey of “deep black numbers”. The price level in the district towns in the Munich area continues to rise significantly, especially in the purchase segment. Detached single-family houses under a million euros are almost nowhere to be had.