Expensive Munich: What will the situation be like in 30 years?
Expert makes a clear prognosis
Created: 06/18/2022, 10:28 am
The most expensive place in Germany: In Munich, a square meter apartment costs more than 30 euros in rent.
© imago/Ralph Peters
Munich is expensive.
But will the tide turn in the near future?
According to market researchers, that shouldn't be the case - the city will also continue to grow.
Munich - According to real estate market researcher Stephan Kippes, living in Munich will still be expensive in 30 years.
“In 2050 we will continue to be a high-price area.
The development will not have turned completely by then," he told the
Süddeutsche Zeitung
.
He can imagine that a family home bought now will double in value again.
"But only if you buy sensibly at the moment, i.e. at a price in line with the market."
Munich: expert looks into the future of the city - will Munich be so expensive?
Munich will continue to grow - by 11,000 inhabitants per year.
With housing construction stagnating, living space is becoming increasingly scarce.
"Of course, this is due to Munich's economic strength," Kippes told the newspaper.
"But what's also inside: bad structural policy." People are not only moving to Munich because they absolutely want to go there - "but also because there are no jobs for them in their regional areas and they see no future there.
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If we want to alleviate the housing problem in Munich, we should do much more to address structural policy."
He sees a lot of room for improvement: "We're not good at that in Bavaria, you can tell me what you want: We're not good!
When you travel across the country, you come to communities where the mayor fights for every inhabitant.
Why not help these mayors keep their people?”
