When it pays to sell a property in Munich

Anyone toying with the idea of selling their Munich property is currently in an enviable position. Demand is strong, and market prices are correspondingly high. Owners can usually sell quickly and at considerable profit, as purchase prices have climbed sharply of late.

At the very least, give a sale serious thought

Low interest rates have given the property sector a powerful lift. Conventional investments barely generate a return anymore, so investors are looking for alternatives. Tangible assets — and real estate in particular — are an obvious choice. Putting off a sale for the long term would be understandable in an era of low rates and inflation. Yet the profit prospects in Munich are so attractive that the thought of selling is thoroughly justified.

Only a healthy economy keeps prices stable

Anyone hoping to defer a sale for years should bear one thing in mind: today's low interest rates can rise again. A sharp rate increase would dampen interest in property and make financing more expensive — which inevitably drags prices down. Other factors can have an unfavourable effect too:

• A falling gross domestic product
• Rising unemployment
• A weak economic climate
• Crises within the EU

Sometimes a sale is unavoidable

Personal motives and financial incentives always play a part. Typical reasons to sell include:

• Trading the apartment for a house (often as the family grows)
• A move into a retirement home
• Inheritances, when additional residential property is not needed
• Financial difficulties, divorce or unemployment

For many households, the wish to downsize is a sound reason in itself — when the children move out, for instance, or in the case of a work-related relocation. A sale, however, deserves careful thought and preparation.

Plan cleverly before you sell

When moving from an apartment to a house, letting the property out is often better than selling it — the rental income provides for retirement and helps finance the new home. Those living in the property themselves should look for a new place in good time. With apartments, buyers also take a keener interest in co-owners and neighbours; a good agent addresses precisely the right target audience.

Munich property is in demand all year round

There is no seasonally ideal moment to sell. What matters is achieving the highest possible price — and that is within reach with a little effort:

• Spruce up the property and avoid neglected gardens
• Present rooms tidy and uncluttered
• Renovate before the sale where necessary

A professional agent prepares compelling brochures that put the focus on what truly matters.

Conclusion

In Munich and the surrounding area, prices are likely to keep rising, as demand far outstrips supply. That said, you should not wait too long. We would be glad to advise you personally on whether and when a sale is worthwhile for you.