Hutcho

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About Hutcho

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  • Location Munich
  • Nationality Australian
  • Gender Male
  1. Why is it so hard to buy a flat in Munich?

      When you say "very good area" people think Altstadt/Schwabing.  Aschheim isn't even in Munich.  That's not to say it's a bad area, but 500k for an older 90sqm apartment there seems about right.   No one can tell you whether it will be a good investment or not.  Prices have typically gone up but there is no question that prices have never been higher and experts say that Munich is the biggest property bubble risk in Europe, which makes sense as the prices really are out of control here given the wages and the general situation of Munich, which is not some big city like London or Paris  even though whose prices are not that far off those cities.   That said, interest rates are super low and you can lock them in here for a long time, so as long as you are happy with the repayments and you intend to stay for a long while, I don't think you have too much to worry about.  If you intend to leave in a couple of years, I would definitely be wary.