Living priceless: Corona does not stop Munich price madness - over a million for three rooms

Living in Munich is expensive.

Unfortunately, it seems that there are no upper limits to the prices.

Records are even tumbling during the corona pandemic.

Munich - The Corona * pandemic is apparently not slowing down the interest in buying newly built condominiums in Munich *.

This is the conclusion reached by the

portal

.

In the fourth quarter of 2020, this recorded an increase of 4.9 percent in purchase prices compared to the same quarter of 2019. For a new apartment with 80 square meters, the providers demanded an average of around 770,000 euros.

This means that Munich continues to be Germany's most expensive place.

Munich: Demand for housing is not falling - prices continue to shoot up

According to the Internet portal, the high price level is due on the one hand to the higher earnings in the state capital and on the other hand to the unbroken high demand.

A look at the districts reveals that prices rose the most in districts that were previously less popular.

At the Hart, providers demanded a whopping 5.9 percent more compared to the fourth quarter of 2019.

In Milbertshofen, the price of new-build condominiums rose by 5.8 percent.

In Hasenbergl, too, the sellers added 5.7 percent to the asking price.

Munich's old town recorded the weakest price increase of 1.6 percent - with an asking price of around 890,000 euros for a new apartment with three rooms.

Price madness in Munich is almost limitless - over a million for 80 square meters

It can be even more expensive.

In five districts the purchase prices were over one million euros for a new apartment with 80 square meters, including Schwabing-West, Lehel, Au and Ludwigsvorstadt-Isarvorstadt.

With purchase prices of 1.1 million euros, Maxvorstadt is the most expensive district.