Mountains, lakes and metropolis- Bavaria truly has it all. We should not be surprised then by the fact that, in respect to economy and real estate, Bavaria is in the lead.
A federal state in the southeast of Germany, Bavaria is the largest state with respect to its surface area and in terms of population is second only to Nordrhein-Westfalen (North Rhine-Westphalia). The capital is Munich in Upper Bavaria and the largest cities are Munich, Nuremburg and Augsburg. Whether it be purchasing power, the increase in population or real estate prices, in nearly all categories the state can be found in first place. In 2012 the inhabitants of Munich paid 9.74 euros per square meter, which is up to 59 per cent more than the German average.
Along with Munich, Garmisch-Partenkrichen, Unterschleißheim, Dachau, Germering, Freising and Fürstenfeldbruck, are seven Bavarian cities in the German top ten for real estate prices for in cities with more than 25,000 inhabitants- even before Frankfurt, Struttgart and Dusseldorf. As for buying power, Starnberg is among the first. Thus, here there is a high number indeed of prestigious luxury properties.
Bavaria will certainly have a leading role in luxury real estate market of the future with regard to demand, prices and prestige, with the capital will occupying first place. In short, those looking for luxury real estate in Bavaria are sure to be more than satisfied.
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...