Property Prices in Munich, Germany

Index Info
Price to Income Ratio: 16.61
Mortgage as Percentage of Income: 97.07%
Loan Affordability Index: 1.03
Price to Rent Ratio - City Centre: 41.88
Price to Rent Ratio - Outside of Centre: 40.72
Gross Rental Yield (City Centre): 2.39%
Gross Rental Yield (Outside of Centre): 2.46%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,293.75 € 1,000.00-1,500.00
Apartment (1 bedroom) Outside of Centre 942.73 € 750.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,280.22 € 1,900.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,723.81 € 1,300.00-2,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,087.92 € 836.12-1,625.79
Price per Square Feet to Buy Apartment Outside of Centre 783.72 € 650.32-929.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,031.44 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.59 1.00-3.00

These data are based on 494 entries in the past 18 months from 86 different contributors.
Last update: February 2021

Sources and References
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1 Comments so far
Charles Guinn on Nov 09, 2020:
I am from Texas, USA and searching for a, safe, English, speaking community on a retirement check of $1000. US dollars per month. Do think I have a chance?