Real Estate Prices Munich 2024

Range approx. between € 5,120 and 11,480 per m²

Find out on this page how real estate prices in Munich are changing, which districts are currently the most sought-after in Munich, how Mr. Lodge determines real estate values in the current market situation, what rents and purchase prices can be achieved and why we can competently support you in this endeavor.

  1. Pricing: What is your property in Munich worth?
  2. Development of real estate prices
  3. Which Munich districts are currently most lucrative?
  4. Sales process at Mr. Lodge
  5. Why sell your real estate with the help of Mr. Lodge?

Strong real estate market in Munich

Munich has grown strongly in recent years. As the third largest metropolis in Germany, the city of 1.6 million people is currently in high demand as a place to work and live.

There are virtually no vacancies in Munich and the real estate market is characterized by high demand.

Property owners looking to sell are benefiting from the high price level, although purchase prices have fallen recently.


Anyone selling a property in Munich needs an experienced market professional to determine the fair market price. After square meter prices have only risen over a long period of time, special care is required when prices fall.

The experienced real estate agents at Mr. Lodge first develop a sensible, individual sales strategy. When determining the right property price, they also take into account what buyers in Munich can currently afford and in which target group the property on offer has the best chances of selling.

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Development of Munich’s real estate prices

Real estate prices in Munich have been at record levels for years. If you look at the purchase prices for condominiums, they have been at an absolute high since 2012. At that time, a square meter of living space could change hands for 3,428 euros. At the beginning of 2022, the average price was 9,187 euros. That corresponds to almost a tripling of the selling price.

This unmediated price increase reached a temporary peak at the end of 2022. Since then, prices per square meter in Munich have been falling.

Even in the fourth quarter of 2023, there was still no sign of a bottoming out. The price declines are likely to continue in 2024.

Development of asking prices for condominiums in Munich from 2012 to the 1st quarter of 2023 (in euros per square meter)

Source: Statista

This graph shows that Munich real estate prices are currently falling. So if you are currently in the process of deciding whether to hold or sell your property, you can benefit from the current situation. So far, prices per square meter have only fallen slightly and profit-taking is still at record levels - for many, this is currently a reason to sell.

Which Munich districts are the most lucrative?

Anyone looking to sell a house or apartment in Munich will benefit from the development of Munich's real estate prices. The districts that are most popular are certainly those around the city center or Munich's old town. There you will find nightlife of all kinds and culinary offerings for every taste. The city of Munich is alive and always in tune with the times, which is most noticeable in the neighborhoods near the old town. Nevertheless, all of Munich's districts have something special: Although places like Germering, Unterhaching and Unterföhring are generally not as popular with students, families or older generations like to live in these somewhat quieter areas.

Of course, demand shows in the price of square meter: the trendier the district, the higher the purchase price. Since Munich real estate prices have been at record levels since 1950 and the city is one of the most expensive cities in Germany , properties in all districts will attract enthusiasts and buyers.

Going by the rental prices for apartments in 2023, these 5 districts are at the top: Altstadt-Lehel, Maxvorstadt, Ludwigsvorstadt-Isarvorstadt, Schwabing and Schwabing-West, Au-Haidhausen. All these districts will require net rents of €22 to € 25 per square meter of living space.

Rental prices for apartments in Munich in 2023 broken down by district (in euros per square meter)

Source: Statista

Since construction interest rates have risen, many people interested in real estate find it harder to afford to buy their own home or condominium.

Financial strength is declining and so are inquiries, although demand remains strong.

Therefore, the diligence of a long-standing, experienced market expert like Mr. Lodge is necessary to determine a sales price in line with the market.

In general, properties in Munich cost around 8,000 to 12,000 euros per square meter. If you decide to buy in Munich today, you will find slightly cheaper offers than two years ago, as prices have fallen by 10 to 20% depending on the segment and location. However, this does not apply to all properties: energy-efficient refurbished properties or those with high-performance or low-CO2 heating systems have seen smaller price reductions in some cases. A comparison of sales prices within Germany shows that Munich still has a high purchase price level. The second most expensive metropolis in Germany, Frankfurt am Main, has a price of just EUR 5,250 per square meter.

It is currently not possible to make a reliable forecast about the long-term trend on the real estate market. Prices are likely to continue to fall due to faltering inquiries from less financially strong interested parties, while the supply in Munich is increasing. This will also increase competition for properties on the market.

At the same time, however, there is a possibility that the current situation with inflation and interest rates will ease again. Irrespective of market developments, the current situation is a good time for all property owners who want to sell their property, whether owner-occupied or rented, as there is still good scope for profit-taking.

Real estate sale process with Mr. Lodge

With Mr. Lodge as a partner at your side, nothing stands in the way of the successful sale of your property. For more than 30 years we have been real estate agents in Munich and the surrounding area and we know the market.

When it comes to selling your property, we act routinely and proceed as follows:

First, the property is inspected. The best way to analyze the advantages and weaknesses of a property is on site. The next step is the property valuation. We determine the achievable sales price and discuss which measures could be taken to increase the revenue. You as the owner may carry out minimal modernizations that can positively influence the value. For a perfect presentation we offer home staging. This involves furnishing the empty property in a homely manner so that interested parties can experience the full potential of their future home. Studies show that this method achieves considerably better sales revenues.

As a next step, we sift through and thoroughly check the documents provided. We advise you as the owner which documents are necessary for a successful sale and obtain them on your behalf, if requested. Our commissioning is transparent and our payment is based on a performance-related commission.

Offer your property now

Then we start to create an exposé of your property. For this purpose, our in-house team of photographers will take pictures and videos of your apartment or house. Subsequently, we create an appealing exposé, which summarizes the core data of the property and the mentioned pictures. We publish this on our homepage and on the well-known internet portals.

In the next step we think about the target group of your sale: Is it rather the young couple with children, the student, whose parents finance the apartment for their child or is it rather older people, who could be prospective buyers of the property?

Depending on the target group, we develop a suitable marketing strategy as a team. The reason being: not every channel is suitable for all interested parties. While young people are always on the move and use platforms such as TikTok or Instagram on a daily basis, this is quite different for older people. Prospective real estate buyers of a certain age use real estate portals or advertisements in established print media to find the house or apartment of their dreams. There are countless possibilities and it is vital to maximize their potential.

The next item on our agenda is marketing. We strive to match real estate buyers with properties. In order to find ideal prospective buyers for your property, we proactively compose mailings. This way, we can directly approach our extensive pool of interested parties. The chances of finding the right buyer for your house or condominium like this are quite good. In addition, we present your property on our homepage and place the advertisement on all common Internet portals. Print media and displays in our shop windows in Munich and Rottach-Egern are used as further means to generate attention. We approach potential buyers in a targeted manner and proactively search for additional interested parties. During this process you are continuously informed about the status of the marketing. We also discuss the progress of negotiations and the next steps in the sales process with you as the owner and then implement them.

Subsequently, we will arrange viewing appointments on your behalf with those who are seriously interested in buying. Of course, tenants and you as the property owner will be involved in this process. We always work hand in hand.

Furthermore, we are a competent partner when it comes to sales negotiations. We determine the conditions under which the property will ultimately change hands. We also support potential buyers in taking out mortgages.

Sell your property with us!

Finally, the notarial purchase contract according to our specifications is drawn up by a notary. We discuss this in advance with you as the owner and accompany you to the notary appointment, where the sale of the property is sealed by the signature of all parties.


When it comes to selling real estate, why should you cooperate with us?

As a local real estate agent, we know the Munich real estate market like the back of our hand. We have a large network and therefore know all the properties on offer in the Isar metropolis. We know what type of property and which districts are currently in demand, and we provide professional support in price negotiations with prospective buyers.

With years of expertise, a very professional and multilingual team, we have a wealth of experience - also with international buyers. We understand the market and can achieve the optimal selling price for you. In doing so, we take over all tasks for you to ensure the success of your real estate sale.

Contact us, we will be happy to help:

Dr. Cornelia Koronakis
Dr. Cornelia Koronakis
Real Estate Sales Consultant
+49 89 340 823-546

How long have you been working in the real estate sector? Why did you decide to work in the real estate sector?
I have been working in the real estate sector since 2004. After my maternity leave I worked as a graduate lawyer at the Technical University. Afterwards I was in charge of various projects in an advertising agency and then came to the real estate sector through a relocation agency. Before I joined Mr. Lodge, I worked as a freelance real estate agent for property developers as well as for individual properties. I have been working at Mr. Lodge since 2017 and I feel very comfortable here.

What is it that you like most about your job?
The variety of properties and the contact to people. Because our company is international we also deal with many English-speaking customers, which I like very much.

What sets Mr. Lodge apart?
The great thing about Mr. Lodge is the entire background with photo service and interior design teams, as well as the friendly and supportive colleagues.

How do you like to spend your time outside of work?
I have a large garden, as well as a field with vegetables and fruits. So I spend a lot of time gardening outside. But I also enjoy sports, especially Chi Gong and belly dancing. Time with my family and friends is very important to me.

Have you personally bought or sold a property?
Yes, I bought my own 5-room apartment where I lived. The first sale was my own house, this is how I started out in the real estate sector.

What does your dream property look like?
A cottage or an apartment by the water, a lake, a river or preferably by the sea, but perhaps also in the mountains.

Edda Pucher
Edda Pucher
Real Estate Sales Consultant
+49 89 340 823-544

How long have you been working in the real estate sector?
Over 25 years.

What is it that you like most about your job?
The diverse range of properties and the people you meet.

What sets Mr. Lodge apart?
The all-inclusive service package of our technical service, photo department etc. All the support that Mr. Lodge offers is particularly convenient for sales.

How do you like to spend your time outside of work?
Mountain biking in the summer, ski tours in the winter.

Selina Bilsing
Selina Bilsing
Real Estate Sales Consultant
+49 89 340 823-547

How long have you been working in the real estate industry?
After obtaining my vocational diploma, it was clear to me that I would prefer an apprenticeship to studying. Since I have always been particularly interested in real estate, I decided relatively early on to train as a real estate agent. I completed my training at a real estate agency in Munich from 2016 onwards. After that, I started my first full-time job in the furnished rental and property management of a large real estate company. At the same time, I first completed my real estate specialist diploma at night school and then my trainer's license at the IHK. After working for the same real estate company for a while, I wanted to return to sales and applied to Mr. Lodge.

What do you particularly like about your job?
I really like the variety between office and field work as well as the close contact with customers. I think it's great to meet so many different and interesting people, and I get excited about beautiful properties. It is fascinating to see how every sale is different, not least because of the people behind it. Dealing with the most diverse problems and finding solutions is a lot of fun for me. In general, I have always found the subject of real estate exciting, and there are always interesting topics.

What sets Mr. Lodge apart for you?
From the customer's point of view, Mr. Lodge stands out because of its all-round service, its many years of experience and its good communication. The all-round service only works so well because we coordinate well internally. We offer a comprehensive range of services, including after-sales rental, technical service, interior design service and, really, everything the customer could possibly want. For me as an employee, Mr. Lodge is characterized by the fact that the atmosphere is family-like and everyone is very helpful. People always help each other out and you can turn to anyone if you have any questions. The communication between the departments is good and the customer notices that.

What would your dream property look like?
My classic dream would be a house in the country, regardless of whether it's a new building or a nice old house that you can fix up. Nice and bright, with big windows, lots of peace and quiet, and a nice plot of land.

What do you like best about Munich?
Munich is simply a beautiful city with a village character. It offers a lot of cultural & leisure activities, but also a lot of green spaces when the city hustle and bustle becomes too exhausting. You get the feeling that you live in the city and in the countryside at the same time and are out of the city incredibly quickly in the mountains and lakes. I also like the people of Munich and Bavaria; they're just nice people.

Petra Berger
Petra Berger
Branch Office Manager
In Tegernsee Office
+49 8022 981 31-1

How long have you been in the real estate industry? How did you get into the real estate industry?
With almost 40 years of experience in the hotel and tourism industry, most recently 15 years at Tegernseer Tal Tourismus GmbH, I have always enjoyed finding temporary homes for guests. In recent years, I have also been responsible for the area of settlement management. I successfully connected potential investors with prospective buyers or operators. So it was obvious for me to move into the exciting field of real estate services and to train as a real estate agent and valuation expert IHK. Through my job as branch manager for Mr.Lodge in Rottach-Egern, a professional dream came true for me.

What do you like most about Mr. Lodge?
The trusting, free, good, but above all productive working atmosphere, the lived "together and for each other", the open acceptance into an international team and finally the exciting field of activity with daily new challenges.

Have you bought or sold real estate privately?
Yes, privately my husband and I have bought an older 70s row end house on the Tegernsee, which we have renovated and embellished over many years in self-effort. Our home has been christened with the affectionate name "Squeeze Villa".

How would you describe your private living style?
I would describe our style of living as " country - modern - cozy ".

What do you like to do outside of work?
My passion has become Lake Garda, in addition to the many opportunities offered by the Tegernsee vacation region. Here I enjoy the Italian life, the delicious Italian specialties, the weekly markets and playing golf in mild temperatures. A good book to relax is also never to be scoffed at.

Alexander Thamm
Alexander Thamm
Customer Service
+49 8022 981 31-2

What profession did you learn?

I have learned several professions. First, I trained as an automotive salesman and worked at a car dealership for 7 years. Then I graduated from the Chamber of Industry and Commerce as an insurance specialist and worked at Allianz until 2015. After that, I switched to the real estate industry and have now been with Mr. Lodge since 2021.

What sets Mr. Lodge apart for you?

The successful cooperation of the individual teams in order to serve the customer in the best possible way. The properties are well prepared for the customer from A to Z and all the necessary documents are gathered in advance. The colleagues work goal-oriented with a sound knowledge and no utopian prices are requested, but down-to-earth, normal prices. All customers are served the same way and each customer is offered something suitable, or we look for appropriate alternatives.

What would your dream property look like?

A spacious single-family house with a nice big garden, because I have discovered gardening for myself. I come from Hausham and the proximity to the Tegernsee offers me an enormous recreational value with the proximity to the mountains and lakes. The house should ideally be built in a typical Bavarian country house style with modern interior furnishings and nice big rooms for the kids.

What do you like best about Lake Tegernsee?

The proximity to the mountains and the many recreational opportunities such as hiking, biking and swimming. But I also love the proximity to Munich & the surrounding area, both can be reached very quickly.

Hobbies or hidden talents?

I have been passionately playing electric guitar for 33 years and have been an active member of the Faschingsverein in Hausham for 22 years. I was elected to the board of directors 10 years ago and we have around 500 members with a fanfare train and 3 active guards who also perform at weddings, birthdays and other celebrations throughout the year. The Elferratssitzung is especially popular, with up to 350 guests attending each event during normal times.

Do you have a favorite animal?

My favorite animal is the dog. My parents had dogs and so I grew up with them. Unfortunately, I don't have the time to have my own dog at the moment and my family and I would like to be able to be flexible for traveling. When I have more time, the children are a bit bigger and many travel goals have been fulfilled, then I would like to get my own dog.

Lisa Hessner
Lisa Hessner
Head of Real Estate Rental
Dipl. in Real Estate (DIA)
+49 89 340 823-45

How did you get into the real estate industry?
As a teenager I wanted to enter the hotel industry and see the world. A few internships later, I was smarter and knew I wasn't cut out for it. After half a year as an au-pair in Paris, I was interested in studying architecture. However, I soon realized that a pure desk job wasn’t for me and I wanted more diverse tasks.  I finally decided to pursue an apprenticeship as a real estate agent. In 2017 I transferred to Mr. Lodge and one year later I signed up for a part-time advanced training as a real estate manager. Mr. Lodge has been very supportive during this time. I am glad I made this choice and enjoy going to work.

What do you particularly like about Mr. Lodge?
The open-mindedness and people-centered approach.  I always feel that everyone is respected and welcome at Mr. Lodge. Whether it is a landlord, tenant or employee.

How would you describe your personal living style?
I currently live very urban in a small downtown apartment, so I keep the furniture rather simple yet modern with a few personal touches. I even have a self painted picture hanging in the apartment, for which I get the occasional compliment. I like it.

Any hobbies or hidden talents?
I started playing the guitar when I was seven and had 11 years of lessons. I like to play everything from classical to popular. In the past I even took part in some competitions, but in the last few years I have only had little time for it.

Which country would you like to visit?
I would like to travel to La Réunion, a very small French island in the Indian Ocean near Mauritius. I would love to see the diverse landscape with volcanoes, canyons, forests and the blue sea.

What do you like most in Munich?
Munich is a city with a pleasant size. Not as small as my home town, where you can never leave your house without running into someone you know, and yet not so big that people behave like total strangers. Here you even greet others on the street at times. I also enjoy the difference between the various districts.


Norbert Verbücheln
Norbert Verbücheln
CEO | Managing Director
+49 89 340 823-16

How long have you been active in the real estate industry / How did you first come to the real estate industry?
I have been working in real estate for over 30 years. Initially as a working student. As a student I worked in the real estate department of the former DG Bank and in two brokerage firms.
My enthusiasm for temporary housing led to the founding of a room-mate-agency back in 1989.

What do you particularly like about Mr. Lodge?
The team spirit with the employees and the daily new challenges. In addition, it is a place where diverse employees with different nationalities and international backgrounds come together.

What distinguishes Mr. Lodge for you?
The focus is on providing good service and the joy of dealing with people.

What do you particularly like about your profession?
The rich diversity of encountering people from very different backgrounds. To sense the joy and gratitude of our customers when they have found a nice home through us.

What profession would you have pursued if you had not become a broker?
A gardener and landscaper

Have you personally already made a property acquisition or sale?
Yes, but I keep it modest. If you are intensively involved in your job, you're glad to have some distance to the topic.

What would your dream estate look like?
A country estate surrounded by fields and meadows

What do you enjoy doing most outside your working hours?
Reading, cycling or taking walks

Dietmar Schlüter
Dietmar Schlüter
Deputy Managing Director Proxy | In-House Counsel
+49 89 340 823-21

How long have you been active in the real estate industry / How did you first come to the real estate industry?
For over 15 years now. Mr.Lodge was looking for long-term expertise in landlord consulting. My legal education, which I completed in Munich as an Assessor Jur., was a fitting match.

What do you particularly like about Mr. Lodge?
The good working atmosphere, the international staff, the combination of practical and legal enquiries in my daily work and also the relationship to our customers. In addition, I always experience Mr. Lodge as an innovative and at the same time down-to-earth agency; this mixture is exciting. And it is always great to observe how young colleagues in the company grow and thrive with their tasks.

What distinguishes Mr. Lodge for you?
Innovation, agility, customer closeness and an international working staff. Mr.Lodge is an authentic and in the best sense owner-managed company, with a corporate culture on a high level.

What do you particularly like about your profession?
Finding solutions for the questions of our customers. And of course the properties themselves: dealing with floor plans and finding solutions for the most efficient use of a property is always exciting.

What would your dream estate look like?
I have met it well where I live: really nice neighbours and beautiful gardens all around. The mountains and the ocean could be a bit closer.

What do you enjoy doing most outside your working hours?
Reading, hiking, getting together with friends and family. And listen to good music.

Please contact us:

Feel free to contact us with any questions you may have regarding the sale of your property.

Tel.: +49 89 340 823-540 |

Jacqueline Sauren
Office Management Real Estate Sales

Contact person
Jacqueline Sauren
Office Management Real Estate Sales
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