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Munich is the third largest German city with around 1.35 million inhabitants. Despite being only the third largest city, it has the largest economy and the lowest unemployment rate. This makes it an ideal place to live or visit as a tourist. Apartments, Munich may therefore be a popular destination and the city now has to satisfy an ever increasing demand for accommodation, whether that's permanent or tourist. Many firms have their headquarters in Munich and thus accommodation is a necessity for the thousands of tourists and business people who flock to the city each year. It is also a city adorned with culture and history which renders it yet more busy. It is also home to Germany's second largest airport and also has magnetic levitation train links with other locations. This high level of transportation and convenience makes Munich a very accessible city and ensures no shortage in the demand for accommodation and hotel facilities. Munich is one of the world's leading cities in terms of scientific research and has more than ten higher educational establishments. Student accommodation is therefore necessary within this area. Munich is a thriving city and as such requires a suitable array of accommodation to match. The culture and nightlife as well as the business and trade aspects increase the demand for such apartments which are as a result on the increase.
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