Accommodation in Munich

Although finding accommodation in Munich may not be easy, it's definitely worth the effort as most apartments and houses offer much in the way of comfort, and are nearly always in close proximity to amenities and public transport.

Whether you're a young up-and-coming expat professional looking to immerse yourself in the bustling energy of Schwabing, a person of status lusting after the quality and style of Bogenhausen, or a devoted parent seeking the suburban peace and quiet of Pasing - with enough time and patience you'll find everything you need without having to settle for less.

Renting accommodation in Munich

Renting an apartment in Munch is the most popular choice for most expats. However, the process of searching for one's preferred residence of choice can be quite laborious, and an often costly task in itself. In general, expats should expat to an average of 12 to 16 euros per square meter per month.

The first step is to approach an agent directly, or to subscribe to a web site that lists properties for rent.

If using an agent you will submit a form summarising your requirements. If there are any offers that match your specifications, you will be contacted and given a fixed time and date for a viewing. When attending a visit, do not be surprised if you are faced with another five or ten people who are keen to see the same apartment as you. The trick here is to maintain a professional disposition and express interest. Once short-listed, you will be sent an application form which should be completed and submitted in a timely manner. If luck is on your side and if you become the chosen tenant, expats can expect to pay a three month deposit upon signing a contract, as well as a once-off non-refundable agent's fee equivalent to around two months of rent.
 

Flatsharing in Munich

While renting an apartment is common for most, flatsharing offers a viable alternative for unattached expats who prefer the more social atmosphere of living with others. Once a popular arrangement amongst students, it now appeals to people aged between 18 and 49. The main reason for choosing this type of accommodation, apart from the social benefits, is of course to save money in a difficult market. The process is also a lot easier and quicker than finding a rental, in that one only need win favour of the existing residents, pay a deposit, and move in.   

Buying property in Munich

Although most expats do not spend more than five years in a given location, there are the rare few who decide to settle down, and therefore buy property. On average, expect to pay between 2,050 and 4,500 euros per square metre. Proof of income and ability to repay is essential when applying for a mortgage, as well tax statements and proof of residency. It is rare to receive a loan of more than 80% of the total price, and for the self employed it may drop to a low 50%.