“Major cities like Frankfurt, the financial capital, Munich with its famous beer gardens and proximity to the Alps and Stuttgart, the home of Mercedes and Porsche, are becoming increasingly attractive as a place to live and work. Germans from rural settings and immigrants are flocking to the cities.  But like in London, an equally potent driver of the property market in Germany is the good old ‘search for yield’.  Contrary to the U.K. though, it’s not Germany’s capital that is seeing the highest prices.  According to research from B+D, the most expensive properties in Germany are found in Munich (an average 4,800 euros ($6,427) per square meter).”

http://www.cnbc.com/id/101926645

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