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Bavaria – A fascinating location to invest in German Real Estate

LOCATION AND CONNECTION

An independent city and metropolis, the Free State of Bavaria’s state capital. Munich is a city in southern Germany that is situated on a gravel plain in the Alps’ foothills, between the Danube and the Limestone Alps. The administrative centre of the same-named district occupies a space of 31,071 hectares. As a metropolis with a population of more than a million, Munich has great connections. One of the biggest hubs in the world is Munich Airport. 102 airlines fly to 266 locations worldwide from this location. In terms of passenger traffic, Germany’s second-largest airport, which served 44.6 million passengers in the past 3 years, is ranked ninth in Europe.

Munich has access to the rail and road networks as well. Eight motorways go to Munich with ease. Recent improvements have been made to the train connections. Today, it takes less than 4 hours to travel by train to reach Berlin. Prague, Venice, or Paris can all be reached from Munich in six, eight, or nine hours, respectively (5-6 hours). With 2 million daily users from Munich and its surroundings, public transportation in Munich has a good infrastructure.

PEOPLE

The state’s capital is home to almost 1.5 million inhabitants. Munich is now the most populated city in Bavaria and, after Berlin and Hamburg, the largest municipality in Germany. With around 2.9 million residents in the Munich metro area and roughly 6 million in the Munich European metropolitan region, Munich has the 12th-highest population density in the EU.

ECONOMY

Munich is a significant commercial and trade show hub. The Bavarian state capital is home to the corporate offices of big businesses including Allianz, BMW, and Siemens. The city is home to the sole stock exchange in Bavaria.

According to some reports, Munich has the largest per-capita purchasing power among German cities, with 32,856 euros. There are 75,186 euros in the gross domestic product per person. In a city comparison, this places Munich in the third position. 19% of the Free State of Bavaria’s GDP comes from the city of Munich. Munich is home to 11.3% of Bavarians, according to the reports.

There was a lot of employment growth as well. Exports have increased in recent years, especially in the industrial sector, and each industry has been able to raise its value. 

EDUCATION

Munich has a stellar image as a “school city,” or a city that values education. A total of 339 schools serve more than 126,700 students, while 64,500 students attend one of the 211 vocational schools. 17 universities, including the Technical University, Ludwig Maximilian University, and Academy of Fine Arts, are located in Munich. The many courses Munich has to offer are used by about 120,000 students. 

TOURISM

Tourists flock to Munich. 17.1 million overnight stays were reported in recent years. In the city area, 20 new hotels opened. The tourism industry generated 7.65 billion euros in revenue. The retail sector alone generated huge revenue from tourism. Visitors drawn to the city are those who enjoy football, fine dining, and artistic and cultural institutions like the Kammerspiele and the Munich Opera. Munich’s Oktoberfest is renowned around the world, as are traditional items like lederhosen and regional cuisine. Munich is a great starting place for trips to Neuschwanstein Castle or the highlands. In 2018, Americans made up the majority of tourists (1.2 million overnight stays). Italy and Great Britain are ranked second and third, respectively. The majority of visitors—nearly 50%—are from Germany.

CULTURE AND LEISURE

Munich has activities to suit every preference. The city receives high marks in particular for its integration of sport and culture. In the mountains, athletes can go hiking, mountain biking, or rock climbing. You can watch professional football in the Allianz Arena. At Eisbach, a man-made wave, surfers and onlookers alike are drawn to Munich. You can also float down the river from here and relax at the English Garden. With picnics in the summer and sledging in the winter, the English Garden serves as the city’s green lung. The Chinese teahouse and several of Munich’s most renowned beer gardens are also nearby. Italian’s “Hippocampus” and the German Gastro-Gründerpreis-winning integration café “Über den Tellerrand” are both considered culinary attractions. The Viktualienmarkt is well worth visiting. The Pinakothek or the Deutsches Museum are good places to spend time inclement weather. Munich provides a distinctive retail experience as well. There is something for everyone here, from grand department stores like the Ludwig Beck department store to tiny boutiques. Evening entertainment options include the Munich Philharmonic Orchestra, the Bavarian State Opera, and theatres like the Munich Kammerspiele.