Friday, March 26, 2010

High Rent District

oct 08 005

Rent prices in Munich were listed far above any other city in Munich by a market research firm.  Munich was listed at 11.15 euro per sq. meter - a full 2 euros higher than the second place city, Frankfurt, and 3 euros higher than the third place city, Stuttgart.  Cologne, and Hamburg rounded out the top 5.  Berlin actually was listed in 11th place at 5.66 per euro.  A global economic crisis, and a building boom over the past few years that added more than 20,000 apartments in Munich have done little to lower prices in the area.

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