Living in Neuhausen-Nymphenburg: Munich’s largest district as an attractive place to live

Neuhausen-Nymphenburg inspires with its prime location, good connections to the other districts and colourful life. From typical Bavarian delicacies to relaxed afternoons at Nymphenburg Palace to shopping in the centre of the district – Neuhausen-Nymphenburg is full of joie de vivre.

Welcome to Munich: The capital of Bavaria

A high quality of life, low unemployment rate, booming economy and breathtaking nature make up the charm of Munich. Thus, not only couples, families and students can be enthusiastic about the romantic capital of Bavaria, but also entrepreneurs and investors. Munich is one of the most important business locations in Germany, along with Berlin and Hamburg.

Neuhausen-Nymphenburg: Map & Location

Neuhausen-Nymphenburg is a borough with a population of around 100,233 that stretches from Marsfeld on the outskirts of the city centre to Nymphenburg Palace Park in the west and extends north-south from the Olympiapark and the Gern villa colony to the tracks at the main railway station in Pasing. To the east, the district borders on the popular residential area of Schwabing and Maxvorstadt, as well as Munich’s old town, are not far away.

Here map and location of Neuhasen-Nymphenburg:

Sights, Monuments & Co.

The popular district Neuhausen-Nymphenburg is quite centrally located and therefore has far less green space and untouched nature, such as the Tegernsee, Grünwald & Co., the Nymphenburg Palace with its palace garden, as well as the famous Wappenhaus on the edge of the district and the many historic manor houses, however, make up for this.

Here is an overview of the most famous sights:

• Nymphenburg Castle
• Olympic Park
• Nymphenburg Palace Park
• Crest House
• Munich Botanical Garden
• Sacred Heart Church

Celebrities: Sara Nuru, Philip Lahm & Helmut Fischer

Nymphenhausen has not just recently become very popular. For decades, the trendy quarter has been a sought-after place to live for politicians, musicians, artists and actors. Actor Helmut Fischer and footballer Philip Lahm were born here, author Ellis Kraut lived here and top model Sara Nuru also grew up in Nymphenburg. If you want to buy a property in Nymphenburg, it is quite possible that you will bump into one or two famous faces from film and television.

The following celebrities are associated with Neuhausen-Nymphenburg as their birthplace or adopted home:

• Sara Nuru
• Philip Lahm
• Helmut Fischer
• Ellis Kraut
• Carl Orff
• Ludwig Scharl

Sightseeing: A Tour of Neuhausen-Nymphenburg

Join us on our tour through the breathtaking Neuhausen-Nymphenburg!

Bothmerstraße: Breathtaking architecture & art nouveau building

Nymphenburg Castle

Real estate & prices per square metre in Neuhausen-Nymphenburg

The real estate market in Neuhausen-Nymphenburg is colourful, diverse and booming! Whether it’s an exclusive bungalow, a spacious loft with a view of the palace gardens or a romantic villa in Art Nouveau style – everyone will find what they’re looking for here. Find out here what prices per square metre you can expect and why it is worth renting out your property.

Buy a detached house and a semi-detached house: Old building & new construction

The high demand for properties in Nymphenburg is also reflected in the current purchase prices. If you want to buy a house, you can expect a price per square metre of between €9,000 and €10,000. In the case of apartments, on the other hand, it depends very much on the year of construction. While an apartment in an old building costs around €6,400 per square metre, you can expect almost €2,000 more per square metre for a newly built apartment.

Increase of 15%!

Overall, there has been a clear increase in purchase prices. Prices per square metre rose by just under 15.1% last year. This was 3.6% for existing apartments and 2.8% on average for new apartments.

• House older than 3 years: 9.812 €/m²
• House younger than 3 years: 9.831 €/m²
• Apartment older than 3 years: 6.392 €/m²
• Apartment younger than 3 years: 8.577 €/m²

Rent apartment, house and land

Rental prices have also risen sharply. For houses, the change was almost 11%, for existing apartments 1.8% and for new apartments an average of 11.4%.

Here is an overview of the rental prices:

• Rent a house: 20,45 €/m²
• Rent existing apartment: 15,74 €/m²
• Rent new apartment: 20,16 €/m²

Rental yield: multi-family house as capital investment

You have decided to invest in real estate as a capital investment and would now like to buy a multi-family house in order to rent it out lucratively? The rental yields can also be quite respectable here:

• Existing apartment: 3.0%
• New build apartment: 2.8%

Conclusion: Living in Neuhausen-Nymphenburg

The prime location, relaxed atmosphere and stunning cityscape make Neuhausen-Nyphenburg one of Munich’s hippest trendy districts. The district has been attracting prominent faces, well-known artists and famous athletes from all over the country for decades. This is also reflected in the prices per square metre. Whether you want to invest in real estate as a capital investment or buy your own exclusive home here as a permanent residence – you are in good hands in Neuhausen-Nymphenburg!

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.

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.

One of the most popular districts in Munich is the Altstadt. This is particularly known for its medieval style. The numerous flagship stores of international brands or for Bavarian traditional costumes in the pedestrian zone are much visited and make the Munich Old Town very attractive. On the central Marienplatz, crowds gather to watch the carillon with life-size figures on the tower of the neo-Gothic town hall. If you want to sit back and relax in a beer garden, you’ll find plenty of choices of deli stalls and beer gardens at the Viktualienmarkt.

• Real Estate Munich

Real Estate News Online

Here you will find a great overview of our topics and other renowned online portals and newspapers for real estate news.

List from Real Estate News Online:

• Handelsblatt
• Real estate investor Alex Fischer
• Manager Magazine
• FIV Magazine / Real Estate
• Frankfurter Allgemeine
• Star
• Focus Online
• IM Real Estate Manager
• Haufe
• T-Online
• South German Newspaper
• Federal Gazette
• Berlin.de
• Real Estate Newspaper
• Mirror

New! Real estate Corona crisis: demand increases

These days, many are talking about the second wave that is now coming to Germany but also to the whole world. Already at the beginning, with the Corona pandemic, many economic but also financial news warned that in autumn a wave of insolvencies will come upon us. A logical consequence of insolvency is the loss of property, not only in the form of jewelry, cars or furnishings, of course real estate will also be affected if the rate of insolvencies in Germany increases. Single-family homes but also apartment buildings, with several tenants.

• Real estate Corona crisis: demand increases

News Special: News from Germany

Analyses and special articles by Stephan M. Czaja (Lukinski):

Sell house fast: Corona and the risk of insolvency

Investment Istanbul: Investing in Turkey?

Vonovia & Deutsche Wohnen in the DAX

Buy and rent in Berlin

Germany: Price Atlas Big City

Buying luxury real estate: Facts and prices

This is how Jeff Bezoz lives: richest man in the world

Corona: Is the real estate bubble bursting?

Coronavirus: meaning and onset

Investment: Real Estate, Shares & Co.

Real Estate Interviews

Current real estate interviews in the news:

Real estate as an investment: What to look out for?

Investing in real estate: Classic or exotic?

Is building saving worthwhile?

Investor Interviews: Videos

Offer price at a glance: The right price to offer an object

• Asked price of a provider for an object
• This is a theoretical value
• Determination by a special expert with intuition and market experience
• Correct determination can lead to the best price and later to the selling price

Back to the wiki: Real Estate

Tenants’ rights – noise, termination and property

Tenants have many rights in a tenancy of which they usually know nothing. In disputes you are then lost and do not know whether you are in the right or whether you have claims. To prevent this, there is some tenancy law that should be part of the basic knowledge for many tenants and is important for many situations.

Termination due to own need – What is the landlord allowed to do and what not?

The most important first step in terminating a tenancy for personal use is that it must be in writing. There are numerous court rulings on this subject, as it can become a problem even for long-time tenants. This is because if the landlord files a claim for own use, the tenant can quickly lose the apartment. However, this does not go without saying and requires some rules. This type of termination requires a formal and substantive correct Eigenbedarfskündigung. Such notice can even be given to tenants who have not been guilty of anything during the entire rental period and who have always behaved in accordance with the contract. Such a notice must be likewise justified by the landlord opposite the tenant. However, it is a misconception that after such a termination the tenant will lose the apartment in any case, because even if this is the most common reason for termination in Germany, this case does not always have to occur.

The pure desire to live in one’s own apartment is not sufficient as a reason for terminating the lease for personal use. The landlord must give a reasonable and comprehensible reason for the termination. Many court decisions prove that the tenant does not always have to leave the rental property after such a termination. More details: net rental yield. For example, companies are not allowed to give notice of termination for personal use, but landlords who could have foreseen that the apartment would be needed for personal use in the near future cannot give notice of termination for personal use, because in this case they would have had to conclude a fixed-term lease. But what is a reason that can lead to a notice of termination for own use? This includes, for example, the reasons that the landlord needs the rooms for himself, his relatives or members of his household, but also if he wants to use the rooms for his professional work or that of a family member.

An important point to consider if your landlord sends you such a notice is whether they own any other properties. Often landlords own more than one property. If this is the case, the landlord must check whether another comparable property is or will be available for his use before giving notice of termination for personal use. Should the landlord still not be able to use this comparable property for his purposes due to, for example, a walking disability, he must offer the comparable property to you as a substitute and also inform you of the financial conditions of this alternative. Otherwise, the notice of termination for personal use is invalid.

If you receive a notice of termination for personal use, check it thoroughly, because there are some formal and substantive points that must be included. If these are not to be found in the termination letter, the termination is invalid. So pay attention to the following points:

• A notice of termination for own use must be made in writing and must be adressed to all tenants of the apartment who are parties to the tenancy agreement.
• A notice of termination must also be signed by all landlords
• The persons who will move in for personal use must be listed with name, age and address
• The longer the tenancy, the longer the period of notice: at least three months, six months for tenancies of five years or more, and nine months for tenancies of more than eight years.
• The reason of the landlord for the own need must be described in detail
• The statutory periods of notice apply in the case of a notice of termination for own use.

Noise pollution – the right to live without noise

Noise pollution is a frequent subject of dispute between landlord and tenant, as the landlord is obliged to eliminate the noise but often has no influence on it. If there is noise nuisance in the property, it must be reported to the landlord immediately. The landlord must keep the property in a defect-free condition and this includes noise as it can cause a nuisance to the tenant. After notification of this defect, the landlord must remedy it within a reasonable period of time. If this is not done, the tenant is entitled to reduce the rent, even if the noise is caused by third parties that the landlord can not influence.

Rent reduction – what are your rights and when are you allowed to reduce the rent?

There is often a dispute about which noise source can lead to a rent reduction and how appropriate the reduction is. Probably the most common case is noise from the neighbouring apartment. Here no rent reduction can be asserted, if this refers to noises, which are connected with the usual use of the dwelling. However, if music is playing so loudly every night that you cannot sleep, a rent reduction is definitely possible. Another reason for a rent reduction are footsteps that can be heard from the upper flat. Landlords are responsible for sufficient footstep sound insulation. If this is not present, there is automatically a reason for rent reduction. The impact sound insulation must meet the standards at the time of installation, even if there are now stricter regulations. So if there is impact sound insulation, but you can still hear every step your neighbour takes, you have to live with it. In fact, construction noise is also one of the most common reasons for a reduction in rent. Depending on the extent of the noise, tenants can reduce their rent by up to 35 percent. Even though landlords cannot influence the noise and usually cannot do anything about it, they have to accept this regulation. In such a case, landlords can assert a neighbour-law compensation claim against the owner of the building plot.

However, noise caused by children is given special treatment. This must be tolerated by neighbours, no matter what time of day it occurs. However, it must remain socially adequate and thus within the bounds of what is usual. This includes, for example, children’s screaming and squealing. However, if the children drive through the apartment on roller skates or continuously throw balls against the walls or the floor, the limit has been exceeded and a rent reduction can be claimed. The type of noise is very different and depends on the situation. It does not always have to be loud music, because even small noises can be annoying in the long run. What also cannot be listed as a reason for rent reduction is traffic noise. Because although airplane or car noise can also be very annoying, it is not enough for a reduction in rent as long as it is within reason for the location of the apartment. So before you move in, make sure you know where the property is located and what kind of noise disturbance you can expect.