Buy Munich Property seems to have re-invented itself as Invest German Property, but anyway still have interest in Munich - just like me
Their recent market update on May 6th indicated overall 2% mkt rise, which was actually less than I'd like, but seems reasonable given the price falls and poor sentiment in most of W.Europe.
Since we last looked at the Munich market, overall
sentiment remains positive, but some concerns due to the
credit crunch and lower Euro-zone growth rate have
emerged. The latest housing price guide for 2008 from
the IVD (Immobilienverband Deutschlands) claims that
German-wide price gains of 2% will be visible, with a
new assurance that housing prices have stabilized and
have re-reached the level of 10 years ago. Munich
maintains its status as Germany’s most expensive city
with average square metre prices of €2,010, and in
common with larger cities, rent levels increasing in those
areas closest to the city centre. The average rent level in
Munich has now reached almost €11 per square metre.
An April’08 article in Munich’s daily paper, Die
Tageszeitung, also claims consistent price increases,
although again specific inner city areas are enjoying the
best gains