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Munich (dpa / lby) - Real estate prices in Bavaria keep rising.
In the past ten years they have more than doubled both in the national average and in Munich, as shown on Thursday by the real estate association IVD Süd.
The corona crisis did not bring relief, as Stephan Kippes from the IVD market research institute explained.
According to him, this is due, among other things, to the fact that there is a lot of money in the market - both due to the low interest rates and inheritances.
The square meter prices for existing condominiums in Munich have risen since last autumn "from a priceless 8,000 euros to an even more priceless 8,150", as Kippes says. That is an increase of 163 percent within ten years. For newly built condominiums in Munich, he even expects average prices of more than 10,000 euros per square meter in the coming months. There are currently 9,950. The average prices for existing condominiums across Bavaria have risen by 122 percent to 4,280 euros over the past ten years.
"We do not see any corona-related skid marks," says Kippes.
Among other things, there had recently been suspicions that the home office surge in the pandemic would increase the acceptable radius for commuters if they only have to go to the office two or three days a week in the future.
But so far people have only thought about it, said Kippes.
"You can't yet say that the furniture trucks are rolling out of town."
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In contrast, the market researcher has long seen a trend towards more living space - although it is becoming more and more expensive.
The experience from the pandemic with home office and teaching at home is fueling this even more.
On the other hand, figures presented by the State Office for Statistics on Thursday also give hope for some relief: The number of building permits in Bavaria was a good quarter above the previous year's figure in the first quarter.
© dpa-infocom, dpa: 210506-99-491099 / 2