Munich is one of the most expensive cities in Germany, especially when it comes to newly built apartments. High demand, limited construction space, and rising building costs continue to push property prices upward. In this article, we will explore the latest new-build projects in Munich, price trends, and options for buyers with a budget of up to €25,000 per square meter.
1. Overview of Munich’s Real Estate Market and Price Trends
The prices for newly built apartments in Munich have been steadily increasing in recent years. While the average price for new developments in Germany is around €4,000/m², new apartments in Munich typically range from €11,000 to €15,000/m², depending on the location. In the most exclusive areas, such as the Altstadt (Old Town) or near the English Garden, prices can reach €25,000/m² or even higher.
Reasons for the High Prices:
- High Demand: Munich is one of Germany’s strongest economic hubs, attracting many newcomers.
- Limited Construction Space: Due to its geographic location and strict building regulations, land availability is scarce.
- High Construction Costs: Increasing material costs, expensive land, and environmental regulations make property development costly.
2. Current New-Build Projects in Munich
2.1. The Seven – Luxury Apartments in the City Center
- Location: Müllerstraße, Ludwigsvorstadt
- Prices: €15,000–€25,000/m²
- Apartment Sizes: 100–300 m²
- Features: Concierge service, fitness center, rooftop terraces
This project is among the most expensive new developments in Munich. It offers high-end apartments with modern architecture and top-tier amenities. The price of a penthouse in this complex can easily exceed €5 million.
2.2. Schwabinger Tor – Modern Architecture in Schwabing
- Location: Leopoldstraße, Schwabing
- Prices: €12,000–€20,000/m²
- Apartment Sizes: 50–200 m²
- Features: Sustainable construction, smart home systems, shared community spaces
Schwabinger Tor is one of Munich’s most modern residential projects. It combines living, business, and leisure spaces, offering high-quality apartments with premium features.
2.3. Bavaria Towers – High-Rise Living in Bogenhausen
- Location: Einsteinstr., Bogenhausen
- Prices: €10,000–€18,000/m²
- Apartment Sizes: 70–250 m²
- Features: Modern glass facades, panoramic views, underground parking
Bavaria Towers is an iconic high-rise development in Munich. The upper floors are especially sought after, offering spectacular views of the Alps.
2.4. Isarhöfe – Luxury by the River
- Location: Glockenbachviertel
- Prices: €13,000–€22,000/m²
- Apartment Sizes: 80–220 m²
- Features: Direct access to the Isar River, private gardens, designer kitchens
Isarhöfe is a high-end residential complex offering a unique riverside lifestyle. These properties are particularly popular among wealthy families and investors.
2.5. Maxvorstadt Lofts – Elegant Living for Young Buyers
- Location: Near Königsplatz, Maxvorstadt
- Prices: €10,000–€17,000/m²
- Apartment Sizes: 40–150 m²
- Features: Open-plan designs, large windows, underground parking
This project targets young professionals and investors. Maxvorstadt is particularly popular with academics and creatives.
3. Price Comparison by Districts
| District | Price Range (€/m²) | Key Features |
|---|---|---|
| Altstadt-Lehel | €18,000 – €25,000 | Historic buildings, luxury apartments |
| Schwabing | €12,000 – €20,000 | Trendy district, green surroundings |
| Bogenhausen | €10,000 – €18,000 | Quiet living, upscale residents |
| Glockenbachviertel | €13,000 – €22,000 | Hip neighborhood, modern buildings |
| Maxvorstadt | €10,000 – €17,000 | Popular among students & academics |
| Neuhausen | €9,000 – €15,000 | Family-friendly, good infrastructure |
The most expensive newly built apartments are found in Altstadt, Lehel, and Schwabing, while slightly more affordable options are available in Neuhausen and Sendling.
4. Who Can Afford a New-Build Apartment in Munich?
Given the high prices of new developments in Munich, the question arises: who can afford to buy these apartments?
- High earners and entrepreneurs: Those earning over €300,000 per year or business owners are the primary buyers of these properties.
- Investors: Many buyers purchase apartments as an investment due to Munich’s strong capital appreciation.
- International buyers: Munich has increasing interest from Swiss, Austrian, Russian, and Chinese investors.
Financing Options:
- Bank mortgages with long-term fixed interest rates (usually 10–20 years).
- Investment strategies, where the apartment is purchased and immediately rented out.
5. Is Buying a New-Build Apartment in Munich Worth It?
The prices for new-build apartments in Munich remain high and continue to rise. Buyers who invest in new developments benefit from capital appreciation. However, the initial investment cost is extremely high, and even wealthy buyers often have to wait for the right opportunity to purchase a suitable property.
For buyers with a budget of up to €25,000/m², the best options are luxury apartments in prime locations. Those looking for more affordable new builds should consider outskirts or alternative housing solutions.
6. Summary
- New-build apartment prices in Munich range from €10,000 to €25,000/m².
- Luxury projects like The Seven and Schwabinger Tor offer the highest prices.
- Altstadt-Lehel and Glockenbachviertel are among the most expensive districts.
- Buyers need high incomes or investment capital.
- Long-term investment potential is strong, but requires strategic financial planning.
Munich remains one of Germany’s most expensive and attractive real estate markets. Those investing here are betting on long-term capital growth and premium living quality.
