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Munich is the capital of the Free State of Bavaria, and with nearly 1.5 million inhabitants it is the largest city in Bavaria and the third largest in Germany, after Berlin and Hamburg. Munich is truly an epicenter for national and international organizations as well as home to important universities. It is one of the fastest growing German cities and home to many influential multinational corporations. As a financial center Munich is second only to Frankfurt and maintains great international influence. At the center of this spacious and green city lies Englischer Garten park, and the close proximity the Alps and glorious lakes such as Starnberger See, Ammersee and Chiemsee (all luxury real estate destinations in their own right) makes Munich an alluring location indeed. Luxury properties in and near Munich attract an impressive number of buyers. Particularly interesting districts for luxury real estate include Nymphenburg, Neuhausen, Schwabing, Lehel, the noble district of Bogenhausen with its many villas and estates and the Untergiesing neighborhood. In the Isar River valley of southern Munich, Grünwald is a treasured, exclusive residential community featuring fabulously elegant villas, apartments in historic buildings as well as exciting renovations. Yet in first place in demonstrating Munich’s exclusivity and style is Lehel; a formerly poor suburban district transformed into a utopia for art and culture connoisseurs.