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The property market in München
Munich is the most expensive large housing market in Germany, and the gap to second place is substantial. City land is scarce, so much of the supply appears in the surrounding area — Dachau, Freising and the Munich district along the S-Bahn corridors. Yields tend to be lower than in comparably sized cities; buyers here are usually buying appreciation rather than cashflow.
München is in the state of Bayern.