What you need to know if you want to purchase a house in Munich
- First, consider that it will be a huge investment and real estate in Munich itself will be almost three times more expensive than the national average and twice as much as other places in Bavaria. Of course, houses are always more expensive in big cities.
- Second, the purchase of a house in Munich due to the fact that you will rent it is fully justified. As in all economically stable regions with developed infrastructure, both residential and commercial real estate are on high demand. In this region, extremely low unemployment combined with a competent social policy of the state lead to an influx of people. Real estate in Munich is bought and rented by those who want to live, work and dignify themselves.
- Third, German laws protect the interests of all parties in real estate transactions. That is why you can be sure that everything will follow the right rules, as a seller, buyer, intermediary etc.
- Fourth, before you buy a house in Munich, you should take a look at its current state, planning, type, etc. All this affects the main costs of the building, from the heating costs to the necessary repairs. A competent layout, high-quality thermal insulation, modern technology systems increase the initial cost of the house, but significantly reduce operating costs.