A house has been sold to an investor in the Schwanthalerhöhe. The city would actually have the right of first refusal there, but will not exercise it. The tenants ask themselves: how long can they stay?
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Leah Kramer
Time is of the essence in the real estate market. Residential and commercial property prices have been rising rapidly for years. Anyone who owns real estate in a sought-after metropolis like Munich has the clock in their hands and decides whether to play and wait for value appreciation or sell immediately. Those who live in the buildings often only have a look at the hands. How long can I stay? It’s a question that an entire household in the Schwanthalerhöhe has to ask itself. Her house at Kazmairstrasse 22 was sold last year. The owner is now a company based in Grünwald, which belongs to a group of companies that develops town houses, apartments and lofts in the luxury segment.