Living in Maxvorstadt: student quarter with historical flair

Planned more than 200 years ago in the name of King Maximilian, this is how today’s trendy Maxvorstadt district came into being. The structure of the former garden city can still be seen today. The properties are characterised by the classicist style of the architects of the time and the street grid is constructed at right angles. This not only delights the many European tourists who are drawn here on the trail of German history, but also the 54,000 residents of the district.

Welcome to Munich: The capital of Bavaria

As one of the most important economic metropolises in Germany, Munich enjoys not only a good reputation, but also a lot of influx. With a population of around 1.7 million, Munich is now Germany’s third-largest city. The unemployment rate is low, the technology and science sector is booming, and the ever-growing automotive and aviation industries are constantly creating new jobs. Families, couples, students, entrepreneurs and investors – everyone feels at home in Munich.

Maxvorstadt: Map and location

Maxvorstadt is located in the northern part of Munich and inspires as a hotspot for art, culture and science. The hotel offers a range of services and amenities. It is also home to a variety of clubs, bars and restaurants. The hotel offers family rooms and non-smoking rooms. The hotel offers family rooms and non-smoking rooms.

Places of interest: Botanical Garden, Ludwig Church, Monuments & Co.

The district Maxvorstadt in the west of Munich can look back on a long and moving history. So you can find here not only architectural treasures, but also a variety of historical buildings of past years, memorials from the Nazi era, a variety of churches, as well as many monuments and museums.

Among the most famous sights of Maxvorstadt are:

• Old Botanical Garden
• Bavarian State Library
• White Rose Memorial
• German Theatre Museum
• Ludwigskirche
• St. Boniface
• Wittelsbach Fountain

Tour through Maxvorstadt: The most beautiful streets of the trendy quarter

Join us on our tour through the breathtaking Maxvorstadt!

Read more here! Munich: Most expensive streets

Königsplatz: Greek holiday feeling in Brienner Straße

Adalbertstraße: Noble quarter near the old northern cemetery

Akademiestraße: Renovated apartments in old buildings & existing properties

Richard-Wagner-Straße: Real estate designed by Leonhard Romeis

Real estate & prices per square metre in Maxvorstadt

Maxvorstadt is densely populated. This not only leaves little space for green areas and parks, but also for building land. While there are a few new buildings, the old existing properties with their historic flair make up the charm of the district. This is particularly noticeable in the prices per square metre.

Real estate as an investment: Buy an apartment or house

Space is scarce in Maxvorstadt. While families with children prefer the spacious properties in Bogenhausen, wealthy retired people the communities around Lake Tegernsee and successful entrepreneurs and investors the former artists’ quarter of Schwabing, the trendy district of Marxvorstadt is particularly appealing to young workers and well-heeled students. As a result, apartments are in particular demand here. At €10,100 per square metre, these are twice as expensive as houses.

Here’s the comparison:

• Buy a house: 5.050 €/m²
• Buy apartment: 10.100 €/m²

Rent a plot of land: High rents for old & new buildings

In hardly any other district of Munich are the rents for old and new buildings as similar as in Marxvorstadt. The reason for this is the rapid fluctuation in the district. Average rent levels have risen rapidly as a result of constant new lettings. Whereas 15 years ago a square metre of a house cost just under €14, it now quickly costs between €20 and €22.

Rent increase by 30% within 15 years

Conclusion: Living in Maxvorstadt

Living and living in Munich. Many dream of this! Especially Maxvorstadt inspires with its classicist buildings, long history and unique charm. Young professionals and wealthy students in particular are drawn here, settling in the areas around the university. Richard-Wagner-Straße, Akademiestraße and Adalbertstraße are also among the trendiest and most exclusive corners of the trendy quarter. Especially apartments are in demand here – after all, space is scarce in Maxvorstadt. This is particularly noticeable in the high prices per square metre. An experienced real estate agent not only accompanies you through the entire purchase process, but also advises you on the topics of taxes and real estate, renovation and modernization with craftsmen, architects & Co, as well as real estate valuation and off market.

Munich: Real Estate in Bavaria

Munich is the most populous city in Bavaria and the third largest municipality in Germany. With around 4,800 inhabitants per square kilometre, the Bavarian metropolis is also the most densely populated municipality in Germany. The figures confirm the population growth. More and more people want to live in the Bavarian metropolis. The proximity to the Alps and neighbouring Austria make Munich very attractive.

Real estate in Munich

Munich counts itself as one of the economic metropolises of Germany. It is also famous for its high quality of life and the surrounding nature. The hotel offers a range of services and amenities, including a restaurant, a dining area, a bar, a conference room and a business centre.

• Real Estate Munich

Living in Munich: Popular districts & residential areas

In no other German city is housing as expensive as here. Experts agree that a property in Munich in the right neighbourhood is a safe investment. But what does ‘right location’ mean in Munich and what kind of investment should one expect to make in order to buy a decent apartment or a luxurious house in the capital of Bavaria? We answer these questions here! To the overview: Living in Munich

• Bogenhausen
• Glockenbachviertel
• Haidhausen
• Maxvorstadt
• Nymphenburg
• Schwabing
• Lake Starnberg
• Tegernsee
• Grünwald

Sell, buy and live in Munich

More and more people want to live in the Bavarian metropolis. The proximity to the Alps and the neighbouring country Austria make Munich very attractive and also the individual districts have a lot to offer. While Lehel and the old town convince with their historical charm, the residential areas of Bogenhausen and Schwabing inspire with their variety of well-kept green spaces and parks. The vibrant Maxvorstadt and the elegant Nymphenburg are also among the most attractive places to live in Munich. Do you want to sell your apartment, your apartment building or your own property here? With our free guides on selling real estate in Munich, you are well prepared. To the overview: Selling real estate in Munich.

• Neuhausen-Nymphenburg
• Lehel
• Old Town
• Schwabing
• Bogenhausen
• Maxvorstadt

Living in Grünwald: Exclusive residential area with high celebrity density

Grünwald inspires with its high quality of life, high security and a well-kept cityscape full of cosy coffee houses, historic monuments and well-tended green spaces. Not only entrepreneurs and investors feel at home here, but also affluent single people, families with children and prominent faces from the worlds of film, television, music and sport who prefer it away from the bustle of big city life.

Welcome to Munich: The capital of Bavaria

Munich is one of the economic metropolises of Germany. It is famous not only for its unique flair, but also for the surrounding nature. Skiing in the Alps or hiking, as well as countless lakes for summer activities are in the immediate vicinity, not to mention the Italian coast in the south. Today, Munich is the third largest city in Germany with a population of around 1.7 million.

Grünwald: Map & Location

South of Munich, somewhat away from the hustle and bustle of the city, lies the Upper Bavarian municipality of Grünwald. It can be subdivided into six municipal districts and connects to the neighbouring municipalities of Munich, Pullach and Straßlach-Dingharting.

Here is the municipal division of Grünwald at a glance:

• Brunnhaus
• Geiselgasteig
• Grünwald
• Oberdill
• Swallow Till
• Wörnbrunn

Map and location of Grünwald:

Places of interest: Bavaria Film Studios, Grünwald Castle & Co.

Since its founding in 1919, the Geiselgasteig district has been considered the Hollywood of Germany. Not only major motion pictures are produced here, but also TV shows and series. The famous “Bavaria Film Studios” are not far away from Grünwald and the Grünwald Castle also contributes to the attractiveness of the residential area.

Here is an overview of the sights:

• Bavaria Film Studios
• Green forest castle
• War memorials for the fallen of the Franco-Prussian War
• St. Peter & Paul
• Villa Larisch
• Former hunting lodge of the queen

Celebrity neighbours: Oliver Kahn, Miroslav Klose & Kai Pflaume

Grünwald is home to German celebrities. Prominent football players and musicians, well-known actors and popular TV coaches – they all appreciate the good location, the proximity to the TV studios and the privacy that this place of residence brings. Among Grünwald’s most famous residents are the German-Austrian actress Senta Berger, as well as the sports legend Oliver Kahn. Uschi Glas, Miroslav Klose, Kai Pflaume and Jimi Blue Ochsenknecht are also associated with Grünwald.

Here is an overview of the prominent residents of Grünwald:

• Senta Berger
• Oliver Kahn
• Uschi Glas
• Miroslav Klose
• Kai Pflaume
• Jimi Blue Ochsenknecht
• Wilson Gonzalez Oxen-Knecht

Sightseeing: A tour of Grünwald

Historic castles, cozy coffee houses, well-kept green spaces and a breathtaking cityscape – that’s what Grünwald is known for. Those who live here can look forward to a wide range of cultural activities away from the ever-bustling city of Munich. We take you on an exclusive journey through the beautiful Grünwald.

Relaxing afternoon on the banks of the Isar

The Isar stretches from Austria to Bavaria. In the past it was considered one of the most important trade routes for ships, today railways and motor vehicles are preferred for the transport of goods. Today, the river enjoys great popularity among tourists as well as residents and always invites to a relaxing walk along the banks. Also the sunsets in summer can be enjoyed perfectly from here.

Grünwald Castle: Landmark above the Isar Valley

Germany is the land of castles. According to current estimates, there are about 25,000 castles in Germany. Grünwald Castle is one of them. Its construction dates back to the year 1200 and today’s landmark of Grünwald can look back on a long and eventful history.

Elegant parks, manicured green spaces & Co.

Grünwald’s townscape is characterised by typical Bavarian architecture, historic monuments and half-timbered houses, as well as a large number of well-kept green spaces and parks. These contribute to the relaxed atmosphere and high quality of life of the place of residence.

Unique real estate: exclusive villas and historic mansions

The long history of Grünwald is also reflected in the local properties. Among the most famous buildings are Villa Larisch in Gabriel-von-Siedel-Straße, Villa Melbach in Robert-Koch-Straße, as well as the former hunting lodge for Queen Marie of Bavaria in Sauschütt.

Prices per square metre in Grünwald

Grünwald not only inspires entrepreneurs, the wealthy and European celebrities. Families with children are also often drawn here. Whether it’s a villa, a detached house or a semi-detached house – Grünwald’s real estate landscape and infrastructure are definitely family-friendly. While apartments are in high demand in other districts, such as Bogenhausen, it is mainly houses that are in demand in Grünwald. You would like to buy a property in Grünwald? Or are you planning to invest in real estate as a capital investment and want to buy an apartment building? In Grünwald you can count on high returns and rental income – especially after successful renovation with craftsman, architect & Co! Learn more here!

Buy property: House, Villa & Bungalow

Properties south of Oberhachinger Strasse near the new Grünwald secondary school are particularly popular. Here you can also happily expect 900,000 to 1.2 million euros. Not only new buildings can be found here, but also plenty of old buildings in the classic neo-baroque style of Munich. Apartments are also well priced here. At just under 800,000 euros, you can call an apartment your property.

• Purchase price house: 900.000 to 1.2 million Euro
• Purchase price apartment: 800.000 Euro

Per square metre you can expect to pay just under 9,000 euros for a house and just under 8,000 euros for an apartment.

Rent apartment & land: Old building & new building

Rental apartments in Grünwald are also in the upper price categories. If you want to invest in a rental apartment with just under 100 square metres, it can easily cost you 2,000 euros a month.

Apartment for rent: 2,000 euros per month

Furthermore: As a landlord of an old building apartment you can expect a yield of 2.50% in Grünwald.

Conclusion: Living in Grünwald

You would like to live in Munich? If you decide on a property in Grünwald, you will live in one of the residential areas with the highest density of celebrities and millionaires in Germany, this small district south of Munich enjoys great popularity. Thus Grünwald inspires not only by its many green spaces, varied fauna, the proximity to the Isar and the breathtaking cityscape, but also by a variety of sights and monuments. The high security of the place of residence also contributes to the high quality of life in Grünwald. Although the real estate prices in Munich are in the higher price ranges, there is hardly a district in which there are so many exclusive properties as in Grünwald. So it is worthwhile to invest here in a property as a capital investment. If you are planning to move to Grünwald, we recommend that you contact a real estate agent you can trust. A competent real estate agent is not only familiar with the different types of houses, but also accompanies you through the entire sales process – from the property valuation to viewings to the purchase contract.

Munich: Real Estate in Bavaria

Munich is the most populous city in Bavaria and the third largest municipality in Germany. With around 4,800 inhabitants per square kilometre, the Bavarian metropolis is also the most densely populated municipality in Germany. The figures confirm the population growth. More and more people want to live in the Bavarian metropolis. The proximity to the Alps and neighbouring Austria make Munich very attractive.

Real estate in Munich

Munich counts itself as one of the economic metropolises of Germany. It is also famous for its high quality of life and the surrounding nature. Skiing in the Alps or hiking, as well as countless lakes for summer activities are in the immediate vicinity, not to mention the Italian coast in the south.

• Real Estate Munich

Living in Munich: Popular districts & residential areas

In no other German city is housing as expensive as here. Experts agree that a property in Munich in the right neighbourhood is a safe investment. But what does ‘right location’ mean in Munich and what kind of investment should one expect to make in order to buy a decent apartment or a luxurious house in the capital of Bavaria? We answer these questions here! To the overview: Living in Munich

• Bogenhausen
• Glockenbachviertel
• Haidhausen
• Maxvorstadt
• Nymphenburg
• Schwabing
• Lake Starnberg
• Tegernsee
• Grünwald

Sell, buy and live in Munich

More and more people want to live in the Bavarian metropolis. The proximity to the Alps and the neighbouring country Austria make Munich very attractive and also the individual districts have a lot to offer. While Lehel and the old town convince with their historical charm, the residential areas of Bogenhausen and Schwabing inspire with their variety of well-kept green spaces and parks. The vibrant Maxvorstadt and the elegant Nymphenburg are also among the most attractive places to live in Munich. Do you want to sell your apartment, your apartment building or your own property here? With our free guides on selling real estate in Munich, you are well prepared. To the overview: Selling real estate in Munich.

• Neuhausen-Nymphenburg
• Lehel
• Old Town
• Schwabing
• Bogenhausen
• Maxvorstadt

Additionally, in the following there may be slight grammatical errors, as this article was written by a German tax expert. This does not detract from the quality of information.

Grundwerbsteuer Explained: Purchase of Land or Property

As described in the introduction: Whenever a property or part of a property is purchased, land transfer tax is incurred in Germany. The tax is levied on the basis of the Land Transfer Tax Act (GrEStG). The amount of the real estate transfer tax is determined by the federal states. It is therefore a state tax. The respective federal state can therefore decide for itself whether it passes on the tax levied to its local authorities. But first we look at what a Grunderwerbsteuer really even is.

Are you looking at investing in German real estate? Don’t miss our article

• How to Save on Real Estate Taxes in Germany

Grunderwerbsteuer Meaning

Grunderwerbsteuer is a tax on the purchase of real estate. The translation of Grunderwerbsteuer is real estate transfer tax or land transfer tax. Note, in the USA, this concept has different meanings depending on the state (more on that in our article on Real Estate Transfer Tax in the US). How the Grunderwerbsteuer works is explained further below.

Who pays the Real Estate Transfer Tax?

After you have bought your property, the purchase must still be notarized. The purchase contract states who has to pay the land transfer tax: buyer or seller. Without this additional agreement, the law (§13 No. 2 GrEStG) states that first of all the previous owner and the purchaser are tax debtors, i.e. both together, buyer and seller.

After notarization, the notary sends the signed purchase contract to the responsible tax office, which then writes to the party to be charged with the real estate transfer tax assessment. The tax is due one month after notification of the tax assessment. However, the tax office may set a longer payment deadline if necessary (see Grunderwerbsteuergesetz (GrEStG) §15 Due date of the tax).

Grundwerbsteuergesetz (GrEStG): § 13 Tax debtor

Here is a short look at the legal text on real esate purchases according to §13 No. 2 GrEStG. This is our best attempt at a translation, these terms are as similar as possible to the original meaning.

Tax debtors are:

• By Default: the persons involved in a purchase transaction as contractual parties;
• In case of acquisition by operation of law: the previous owner and the acquirer;
• In the case of acquisition in expropriation proceedings: the acquirer;
• In the case of the highest bid in compulsory auction proceedings: the highest bidder;
• In the case of the merger of at least 95 per cent of the shares in a company in the hands of the acquirer: the acquirer;
• In case of acquisition by several companies or persons: these parties;
• In the event of a change in the membership of a partnership: the partnership;
• In the case of an economic interest of at least 95 per cent in a company: the legal entity which holds the economic interest.

Source: Federal Ministry of Justice (as of 09/2020).

Cost table: Tax According to Purchase Price

Status: 09/2020

Tax Rate by State: Amount

• Bavaria – 3,50%
• Berlin – 6,0%
• Bremen – 5.0%
• Hessen – 6.0%
• Lower Saxony – 5.0%
• Rhineland-Palatinate – 5.0%
• Saarland – 6.50% li>
• Saxony – 3,50%
• Saxony-Anhalt – 5.0%

Property Tax Compared to Trade Tax, Income Tax and Sales Tax

Real estate tax is levied on land, but also on hereditary building rights to land, the so-called substance tax. The assessment basis for the land tax is usually the value of the land plot. The tax rate is usually set at the municipal level.

This infographic below shows the tax revenue of German municipalities according to tax types (in billions of Euros). Please note that an English translation was not available. Blue denotes income tax, green is trade tax, purple is property tax, and orange is goods-and-services tax.

Purchase Price – 1.000.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 1 million Euro.

Purchase Price – 1.200.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 1.2 million euros.

Purchase Price – 1.500.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 1.5 million euros.

Purchase Price – 2.000.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 2 million euros.

Purchase Price – 2.500.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 2.5 million euros.

Purchase Price – 5.000.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 5 million euros.

Plots, apartments & house in Germany. Classical or exotic: Which property is suitable as an investment? The interview: Real estate as a capital investment. In our city analysis you will find clues as well (see below).

Tip from the real estate agent: You want a purchase price for comparison? Before you evaluate your real estate , use apps from real estate portals. Here you can simply track your location with GPS and the app will show you purchase prices and comparison offers in your area. The fast way to a first, rough evaluation of your property.

Price: Rent, buy, living

Renting, buying, living. Here you will find more information about the population, rental prices and purchase prices in the individual cities:

• Buy and rent: Berlin
• Buy and rent: Düsseldorf
• Buy and rent: Frankfurt
• Buy and rent: Cologne
• Buy and rent: Hamburg
• Buy and rent: Hanover
• Buy and rent: Munich
• Buy and rent: Stuttgart

Tax optimization: Procedure and Knowledge Build-Up

Topic Taxes. This brings us directly to the topic of optimizing taxes. Knowledge about finances and taxes is absolutely essential when buying your first property. Understanding taxes is important, because this is how you can convert taxes into private assets.

How does it Work? An Example for Real Estate Investors

In the case of real estate, for example, this involves lifting platforms for duplex parking spaces. So lifting platforms, where you get e.g. two cars on one parking space. They have a shorter depreciation period. Here, depreciation for wear and tear applies, distributed over the actual useful life, deductible according to the official lists of the Ministry of Finance. Exception expenses up to 800 Euro – without VAT – can be deducted immediately in the year of purchase.

You will of course no longer get such knowledge from your tax consultant. Why should he or she, if he or she knew about it, your tax advisor* would be a millionaire* himself.

Details

More details on optimizing your tax sheet for your real estate can be found in our article on the matter

• German Real Estate Taxes – Saving on your Property Investment