Munich today - news from June 14th, 2022

No, Stephan Kippes is not to blame for Munich’s real estate prices, he’s just delivering the numbers. They like to call themselves “curves” but they’re actually pretty straight lines, up. Stephan Kippes has been observing the Munich housing market for decades. Probably nobody knows the data behind what tenants and prospective buyers have only one word for: madness. 20 euros cold rent, 10,000 euros purchase price per square meter. Where’s this going to end? Further up, says Kippes. In the interview (SZ Plus) that the SZ conducted with him for the series “Munich in Transition”, he predicted that Munich would also be a “high-price area” in 2050.

Always further, always higher? Okay, we know, one thinks, it is God’s will not to do anything. That’s not true, says Kippes, and he also explains what the state government should do to stop the trend, or at least slow it down: Don’t let the flat country, the smaller towns and the villages become deserted any longer. Then not so many people would move to Munich and drive up the prices.

It sounds dry what Stephan Kippes has been doing for many years: He heads the market research institute of the real estate association IVD-Süd and teaches real estate management as a professor at the Nürtingen-Geislingen University for Economics and Environment. Dry? Not with Kippes. He knows how to explain the market in such a way that even the Munich Straight Up comes across as an entertaining if-then analysis. He finds it “embarrassing” that international corporations don’t want to create living space. One would love to be there when he explains the value of company apartments to managers from Google or BMW.

Unfortunately, the chance to experience Kippes was missed when he was looking for a place to stay in Australia for a research semester. “Okay, I thought to myself, the prices are sporty, but it’s still possible somehow,” he says in an interview. “Then I wrote to landlords, and they probably laughed their heads off, what a naive guy there is from Munich.” Because the prices were not per month – but per week.

THE DAY IN MUNICH

Court ends dispute over Madonna A man from Munich wants to have a medieval statue of the Virgin Mary auctioned off at Sotheby’s, but it suddenly turns out to be looted art. The London auction house keeps the sculpture – and a year-long dispute over the Madonna begins. Now Munich judges have decided.

What about safety at the Wiesn The pulse open-air festival had to be canceled because folders were missing. How about the preparations for the Oktoberfest? After all, the need for security personnel is enormous here (SZ Plus).

Summit opponents call for participation in demos In a few days, heads of state and government will travel to the G-7 summit in Elmau. Critics are already arming themselves for the multi-day protest and are announcing actions from Munich to the mountains. The police are also in position.

Strangers steal tip from car dealership safe Because they left no signs of a break-in, the police assume that the door of the Renault branch in Milbertshofen was tampered with. The stolen goods amount to several hundred euros.

Robbery in the English Garden Four strangers are said to have pulled out a knife and attacked two 18-year-olds. The loot: several hundred euros.

An education camp against racism is taking place in front of the university The collective “Plus X Black definition matters” is transforming the Geschwister-Scholl-Platz into an open cultural venue from Thursday. The motto: “Open the space to (un)learn together from the global South/North”.

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