The IVD Institute has examined the number of offers and the duration of offers for condominiums and houses for sale in Munich.
The supply index for both houses and condominiums, i.e. the number of properties for sale per 1,000 residents, has fallen significantly in the Bavarian capital since 2018. While 3.4 houses and 14.2 apartments were offered for sale per 1,000 inhabitants in 2018, in 2020 there were only 2.3 houses and 11.2 apartments.
Especially in the year 2020, which was badly shaken by the corona pandemic, there was at times uncertainty and a certain standstill on both the demand and the supply side. Using the example of condominiums, this subdued activity on the market is reflected, among other things, in an increasing supply duration (2019: 10.2 weeks, 2020: 11 weeks). “Despite these obstacles, the residential property market in Munich is still characterized by its high dynamism and a price level that has continued to rise so far”.
Source: IVD South