Buyers choose houses in Munich for the high living standards and excellent infrastructure. The city has been repeatedly ranked among the world's top ten best cities for living by Monocle Magazine and consultancy group Mercer.
The buying prices of real estate in Bavaria are the highest in Germany. A villa in Munich can sell for about €5,000–6,000/sq m. €1,300,000 can buy a house of 200 sq m. High-end homes for sale in Munich of 300–400 sq m with a private orchard, swimming pool, car park and land can sell for €2,000,000–3,000,000.
The most expensive homes cost €9,000/sq m and are found in the fashionable district of Heidhausen. Villas in Munich's Seedling-Westpark are second most expensive. 4- to 5-bedroom houses with spacious gardens near the forest area sell for €8,000/sq m. Foreign citizens often buy historic villas and modern houses in the Western part of the Bogenhausen district from €7,500/sq m.