Property prices in Munich, September 2026

In our estimate, a standard apartment in Munich costs 9.060 € per m² and a house 7.460 € per m² (September 2026). Prices vary a lot by district, from about 7.400 € per m² in Aubing-Lochhausen-Langwied to 11.510 € per m² in Altstadt-Lehel.

Keep in mind that asking prices on listing portals are usually several percent higher than what buyers end up paying. Look up a postal code above to see the estimate for your street.

In our estimate, apartment prices in Munich are 0,5% below a year ago. New builds are rising faster than older homes, because construction costs stay high and few new projects get started.

Past price trends don’t predict future ones. Read our overview of property prices in Germany and tips to negotiate the purchase price.

In our estimate, Altstadt-Lehel is the most expensive district for apartments at about 11.510 € per m², and Aubing-Lochhausen-Langwied is the most affordable at about 7.400 € per m².

Our ranking, 60 m² apartments, September 2026:

1. Altstadt-Lehel: 11.180 € per m²
2. Ludwigsvorstadt-Isarvorstadt: 11.040 € per m²
3. Maxvorstadt: 11.010 € per m²
4. Schwabing-West: 10.850 € per m²
5. Schwabing-Freimann: 10.690 € per m²
6. Au-Haidhausen: 9.910 € per m²
7. Untergiesing-Harlaching: 9.670 € per m²
8. Schwanthalerhöhe: 9.400 € per m²
9. Neuhausen-Nymphenburg: 9.380 € per m²
10. Bogenhausen: 9.070 € per m²
11. Laim: 9.030 € per m²
12. Sendling: 8.990 € per m²
13. Obergiesing-Fasangarten: 8.840 € per m²
14. Milbertshofen-Am Hart: 8.790 € per m²
15. Allach-Untermenzing: 8.710 € per m²
16. Moosach: 8.670 € per m²
17. Sendling-Westpark: 8.510 € per m²
18. Feldmoching-Hasenbergl: 8.470 € per m²
19. Hadern: 8.430 € per m²
20. Pasing-Obermenzing: 8.420 € per m²
21. Berg am Laim: 8.370 € per m²
22. Trudering-Riem: 8.330 € per m²
23. Ramersdorf-Perlach: 8.260 € per m²
24. Thalkirchen-Obersendling-Forstenried-Fürstenried-Solln: 8.200 € per m²
25. Aubing-Lochhausen-Langwied: 7.370 € per m²

Prices also vary a lot within districts, often by more than 1.000 € per m² between postal codes. Compare them in the table above.

About 532.000 € at our average of 9.060 € per m², before buying costs. With a broker, add 9,07% in buying costs (about 48.252 €), so you’d need around 580.252 € in total.

Typical prices by size, all years built:

• 40 m²: about 364.000 €
• 60 m²: about 532.000 €
• 100 m²: about 921.000 €

Small apartments cost more per m² than large ones, and location matters even more. Work out the full cost with the purchasing cost calculator.

With a broker, buying costs in Munich add up to 9,07% of the price:

• Property transfer tax (Bavaria): 3,5%
• Notary and land registry: about 2%
• Broker commission: up to 3,57% including VAT (the buyer pays at most half)

Without a broker, for example when you buy a new build from a developer or directly from the owner, it’s about 5,5%.

Examples:

• 300.000 € apartment: 27.210 € with a broker, 16.500 € without
• 400.000 € apartment: 36.280 € with a broker, 22.000 € without
• 500.000 € apartment: 45.350 € with a broker, 27.500 € without

Banks expect you to cover these costs from your own savings. Calculate yours with the purchasing cost calculator.

At least the buying costs: about 5,5%–9,07% of the price. Bringing more equity lowers your interest rate, because banks price loans in loan-to-value steps:

• Buying costs only (100%): the bank finances the full price, at a higher rate
• Plus 10% (90%): a noticeably better rate
• Plus 20% (80%): better still

Use the equity calculator to find your number, and read mortgage without equity if your savings are tight.

It depends on how long you plan to stay and how prices compare with rents where you want to live. Because buying costs have to be earned back first, buying rarely pays off in under 3–5 years.

Run your own numbers with the rent or buy calculator, and read Rent or buy in 2026.

Every month we value a standard set of reference apartments (40, 60 and 100 m²) and houses (120, 180 and 240 m²) in every Munich postal code, for different construction years, and take the median.

Because we value the same homes every month, the estimate shows real price changes rather than which homes happened to be for sale. It’s an estimate, not a notarised sale price, so use it to compare districts and trends, and check recent sales and the specific home before you make an offer.

Past price trends don’t predict future ones.

We’re with you from the first viewing to the keys:

• Mortgage: we compare 750+ lenders, free for you and paid by lenders
• Budget: we work out what you can afford and how much equity you need
• Paperwork: we prepare your application and stay with you until the notary

Book a free call with one of our advisors.