It depends on the area, yes, but some areas like the Kaufingerstraße went up from 7721€/m² in 1980 to 80.000€ in 2012 [1]. In 2019, not even seven years later, the same area was worth 160.000€/m², and other areas also doubled in value over four years [2].

Munich is fucking expensive, I'm actually looking towards moving away entirely and save up to buy something when prices ever become reasonable. Forget about saving anything while living here - Munich drives away those who have been born here all the time.

[1] https://www.sueddeutsche.de/muenchen/muenchner-milliardenspi...

[2] https://www.sueddeutsche.de/muenchen/muenchen-grundstueckspr...