© D.aniel, stock.adobe.com
Above almost everything else property market developments have been foremost in the minds of Munich residents for the past 10 years and newcomers need to have a lot of patience when looking for a place to live. For the moment, all the signs indicate that the hotly contested residential market will remain tense despite a slight drop in rents for properties rented for the first time. Therefore you’ll likely pay € 19.90 per sq m in a new apartment. On the other hand rents for successor tenants reached a record high average of € 17.89 per sq m for the first time in 2018.
To take into account forecasts that the population will continue to grow and to increase per-capita living space, the city authorities have set a target for 8,500 newly-built homes a year, an ambitious goal that in 2018 was not reached with about 8,100 homes built in the city. That’s one reason why living in the surrounding area of Munich – especially in the S-Bahn catchment area – is becoming increasingly popular. During the course of creating additional housing space, interesting new residential quarters are often developed.
The best way to find your ideal home is to rent an apartment for a short term via one of the apartment-sharing agencies e.g. Mr. Lodge or Flathopper and then take your time to find your dream home.
Another strategy is to rent an apartment with a kitchenette for the short term at an apartment hotel like Citadines. You can also check newspaper listings of apartments for rent and Internet property rental agencies. The Süddeutsche Zeitung is particularly popular. Landlords or housing agencies can also be approached directly. Or you could join a residential building cooperative where you will not be just a tenant but rather a communal owner of the respective cooperative.
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