As the Bayerische Staatszeitung wrote, a total of 13,160 condominiums including commonhold were sold in Munich last year. Sales reportedly dropped by 5.8% to 3.8 billion euros. This was said to be one of the findings of the Accentro Homeownership Report 2013, which is based on the data of the surveyor committees of Germany's largest 82 cities. “Demand for condominiums in Munich remains as high as ever, but the city has a supply issue,” said Jacopo Mingazzini, Managing Director of Accentro GmbH.
Nonetheless, Munich retained its lead ranking among the German cities in the “Sales” category, followed closely by Berlin where 3.6 billion euros worth of condominiums changed hands in the year under review. Bavaria's state capital also defended its top position in terms of construction, even as the number of new condominiums sold dropped by 700 to 4,085. “Nearly one in three condos sold in Munich was new,” said Mingazzini.