Current real estate prices in Aubing, Lochhausen, and Langwied

Real estate sales and property prices in Aubing

In Aubing, Lochhausen and Langwied, real estate prices average 6,220 EUR/m², while house prices are at 7,060 EUR/m². Real estate is currently being offered at these average prices.

Between 2007 and 2009, real estate prices for apartments in Munich Aubing stagnated, but a strong increase in real estate prices has been recorded, especially since 2010. While an apartment was offered for an average of 2,230 EUR/m² in 2007, it was over 5,000 EUR/m² in 2017. Real estate prices for newly built apartments average over 8,960 EUR/m².

The trend in real estate prices for houses in Munich-Aubing also follows a pattern similar to that of apartments, specifically an upward trend, especially since 2010. Houses in Munich-Aubing were offered at an average purchase price of 3,555 EUR/m² at the beginning of 2007, and by the end of 2018, it was nearly 6,140 EUR/m². Since Munich-Aubing is also a very attractive neighborhood for families, this is reflected in the optimal demand for houses. Most apartments and houses in Munich-Aubing, Lochhausen, and Langwied are offered and brokered by real estate agents.

Should I sell my property in the current situation?

Since the second quarter of 2022, a subdued momentum has been felt on the Munich real estate market, in contrast to the positive development of previous years. Forecasts indicate a possible weakening of average selling prices compared to past years.

But what factors are causing these price declines? The official pricing metrics for 2022 note noteworthy price increases compared to 2021, particularly prominent in the second quarter. However, it is essential to consider that a large portion of these transactions were made during an era of lower mortgage rates than the current ones. With rising financing costs, potential buyers are currently faced with major challenges. Under these circumstances, acquiring real estate at current prices appears rather less lucrative to investors.

The current situation of the real estate market in Munich-Aubing Currently, the real estate portfolio in Munich and the surrounding area is still quite large. Upon closer inspection, however, it becomes apparent that many of the listed buildings have been waiting for buyers for quite some time—an increase in the marketing duration of the listings is noticeable. Prices that exceed market value hardly attract any interested buyers anymore. At the same time, a marginal decline in new real estate coming onto the market can be observed.

Forecast for further price development: An objective look at all relevant factors shows that real estate is generally attracting less interest than it did in 2021. As soon as the deals from the early stages of 2022 were closed at higher prices, subsequent transactions turned out to be comparatively lower overall. They will likely settle at the price levels of 2018 or 2019. A medium-term decline in Munich real estate prices is to be expected, which will likely be between 3 and 20 percent compared to the peak prices of early to mid-2022. Of course, this depends on the type of property and should not be understood as a blanket statement.

Regarding whether sellers should consider it worthwhile in the current situation to bet on another price increase, it is difficult to assess. However, it remains to be noted that the value growth of real estate in Munich has often doubled, or even more, over the past ten years. Sellers benefit from these value increases in any case.