Munich, in the south of Germany, renowned for its royal residences, immense parks, and baroque churches, and favored destination for the more affluent Germans. The city is now starting to attract International buyers. A recent survey indicates that around 5% of luxury homes in Munich purchased above 2 million euro are from foreign buyers, particularly from Russia and the Middle East. After the recession in the real estate market at the end of 1990, Germany decisively bounced back and it…
