Are you also one of those people who occasionally use real estate portals to look around a bit in the neighborhood? What will happen to the pretty two-room apartment across the street, where the craftsmen are just so eagerly beating the floors with heavy equipment. And how the apartments will be laid out a few streets away, where used cars are still being traded. Such portals not only offer impressions of room layouts and lighting conditions, they also offer insights into where prices are moving. In Munich, the direction is clear: upwards.
One can only marvel at much of what is on offer, be it for rent or for sale, although there is always cold consolation: it is only an offer. Who knows what sum will actually be agreed upon in the end. Well, at least when it comes to real estate sales, there is such an authority: the Munich Expert Committee. All sales contracts that are concluded are reported to him, from the picturesque one-room apartment to the huge office complex. The committee has now presented the results for 2021 and, as my colleague Anita Naujokat reports: they not only confirm the impression of the price spiral. They show how steeply it actually winds. “If things continue like this, there will soon be no apartment for less than one million euros,” says Albert Fittkau. And the chairman of the committee is almost certain that things will continue like this – because there is still a lot of capital in circulation. Or, to put it more lyrically with Rilke: If you don’t have a house now, you won’t build one anymore.
But there is a glimmer of hope, at least for all those who are not looking for anything of their own and live in one of the so-called conservation statute areas. Until a court ruling overturned the practice, the city had a right of first refusal when real estate came on the market and was thus able to protect tenants from exorbitant price increases. Municipalities could now regain this right. My colleague Sebastian Krass has researched how this should work and how quickly it could go, although the FDP, as the governing party in the federal government, is against it. It is constructive reading – because sooner or later almost everyone looks around for an apartment.
THE DAY IN MUNICH
How to proceed with Munich’s largest marketplace After an intensive debate, the city council decides to look for partners throughout Europe for the construction of the wholesale market hall. The project, which should have been finished long ago, has been delayed again.
An indigestible disaster Decided in 2010 – ready in 2030 at the earliest. The Munich city politicians give the construction of the new wholesale market hall from the worst possible picture. A comment.
When Mayor Reiter decides about the Wiesn Prime Minister, Economics Minister, festival manager and even the deputy mayor: they all speak out in favor of the octopus this year. The city has now determined when the decision will be announced.
The city council takes it sporty Despite the cautious reaction of TSV 1860, politicians decide to renovate the Grünwalder stadium at a cost of 77 million euros. Negotiations with the lions about the future rent could be difficult.
On the road for 50 years On April 28, 1972, after only six years of construction, the first S-Bahn trains rolled through the newly opened trunk line tunnel. The demand was enormous right from the start. About a time when the trip still cost 70 pfennigs.
Police stop speeders after driving with drugs at 130 km/h When a patrol wanted to control a Mazda driver, he stepped on the gas and sped off. Partly also through 30 zones.
Landlords are not allowed to heat outside Radiant heaters in front of pubs and bars remain prohibited. One wants to give priority to climate protection, says district administration officer Böhle. But the war in Ukraine also plays a role.
“You have an explanation for everything, you just don’t know anything about the costs” The MVG wants to build a new tram route in a first section from Schwabinger Elisabethplatz via Franz-Joseph- and Leopoldstraße to Münchner Freiheit. But at a citizens’ meeting, many participants criticized the unclear financing of the project.
Gas alarm in Maxvorstadt An excavator damaged a line on Theresienstrasse on Tuesday. The area was cordoned off by the fire brigade, and a thermal power station had to be shut down for the repair work.
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