Buy house or flat in Munich


Buying property in Munich can be an expensive experience. The price per square meter for privately owned property was around 2,050 EUR in Munich. In general, people opt to rent apartments in Munich as they get tax benefits if they do so. Property prices have been stagnant for almost five years. So some forecasts predict that it could be a good long term investment. Either way, Berlin and Munich are ranked as the two top cities to invest in Germany.



Estate agents

There are numerous estate agencies or specialised websites in Munich to help you find your dream home. For example you can try:


Solicitor fees

Apart from rental contracts, there is no law regulating commissions. It can be negotiated, and in most cases is between 5 and 7 percent of the purchase price. In some cases the buyer pays the commission in full, in many others it's split between buyer and seller and in some instances agents receive their commission exclusively from the seller.


You can get a mortgage for 100% of the cost of your property but it is generally recommended that you can afford at least 20% of the down payment. Interest rates for mortgages are presently below the long time average, ranging between 4.90 percent and 6.15 percent, depending to some degree on the duration of the financing plan. Most mortgages are for 10 or 20 years.


Once a property has been found there will be costs that can be conservatively estimated at about 10 percent of the purchase price. In addition to the agent's commission, there will be a property transfer tax (3.5%) a notary fee (1%) and additional small administrative costs, perhaps including the hiring of an interpreter. For a more detailed look into the property buying process in Germany, log onto the link below.



Update 2/04/2008


Facebook Twitter LinkedIn Pinterest WhatsApp Addthis

Recommended Partners

Keep more of your money when transferring funds overseas!


If you want to move money abroad, from Germany or to Germany for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.

Why Fexco

Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.

Faster, cheaper, safer International money transfers.
Dedicated fx dealer who will oversee your transfer from start to finish
Make payments from anywhere with our secure online platform, PayDirect.
If you prefer the personal touch, then our payments team can be contacted by phone.

Main characteristics

Fexco will help you to keep your overseas money transfer costs to a minimum.

Margin 0.6%
Regulator FCA
Fee £10 < £5K or Free > £5k
Mini £1K
Ccy All (130 currencies, incl ‘exotics’)
Services Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone.

Get an online quote today

When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.

Do you have comments or personal information to communicate about this article? Add your comment.

Find more definitions and general answers on expatriation issues in the Expat FAQ (Frequently Asked Questions).

Go to the Forum to talk more about buy house or flat in Munich, accommodation.

Download the full digital PDF expat guide in Munich

Download the guide: Munich, Germany
  • See in one single booklet all the articles for a city guide for expatriates.
  • Enjoy full colour photos to illustrate each section.
  • Additionnal maps: Region, City view, Neighborhood, Street view.

  • - My Life Abroad -
    A selection of expat stories

    "A fun compulsive read!"
    J. Matcham, Amazon

    "I strongly advise people ready to live abroad to read this book!"
    Patrice, Amazon