Real estate situation Frankfurt am Main | Your real estate search | Team van Dyk


Real estate situation Frankfurt am Main

Real estate turnover in Frankfurt in the amount of 6.6 billion euros was slightly lower in 2017 than in 2016 (6.7 billion euros). For condominiums, the prices were higher than in 2016, regardless of the year of construction. However, the new building registered much larger increases. The plus was 11.3 percent compared to 2016. It is also worthwhile to look at the topic Frankfurt residential tower. The expert committee separated here pricewise between towers to twelve and those with more than twelve floors. The price increase for the higher residential towers was recorded here at 7.1 percent to 7,230 euros per square meter on average. In the case of the lower skyscrapers, an increase of 17.7 percent to 5,190 euros was recorded.

How rich the overall market Frankfurt is, show the results of the evaluated prices. For example, the most expensive home on Main in 2017 received a purchase price of 6.2 million euros. 13 sales under the limit of 200,000 euros, however, there were. 13 condominiums were sold with a price per square meter below 1,000 euros. Values that are neither found in Munich nor in Hamburg.

The demand for new locations

Ten years ago, the East End of the Exot was under the districts, the Eastside is now at the latest since the completion of the new ECB building now to be described as established. The Riedberg was also considered skeptical a few years ago. Meanwhile he is a success story. The European Quarter is experiencing just such a strong upswing. Not a few see this as a cold satellite city. This extremely central location will also make its way in the city. The demand is unbroken.

There are other parts of the city such as the Gallus (where ten years ago no one wanted to set foot yet), but also Rödelheim and Hausen moved into the focus of the developers. And even at Höchst and Fechenheim is no longer nauseated.

The key data of the city

The factors stock exchange and airport as an employer, in addition to the cultural and leisure facilities as well as the existing infrastructure have a significant share for the interest of buyers and investors.

In terms of purchasing power and the ratio of employees to the number of inhabitants, Frankfurt is one of Germany's top locations. Comparisons with flora and fauna are not always very close in the real estate industry. But if in a round equal to three times of an animal demand is mentioned, you can not just drop that under the table. More and more often supra-regional and even foreign buyers are discovering the meanwhile very important locations like the Vordertaunus or the south of Frankfurt. The family plays an enormously important role in the Frankfurt area. We are looking for livable locations with a good, better still, perfect connection to the bank city. But also an adequate infrastructure directly on site is essential.

A reference to the nearly 70-year-old saying of Ernst Reuter, who said in Berlin: "You peoples of the world, look at this city." On Europe and the German real estate market meets at least the content of this sentence is currently on a German city perfectly - on Frankfurt.

The skyline city on the Main is more than ever in focus. The most obvious is likely to be the upcoming Brexit and especially its impact on the metropolis. A number of experts in this round already reported an increased demand for mostly high-quality rental properties in and around Mainhattan. However, according to the unanimous tenor, those interested, who had already played with the idea of coming to or even back to Frankfurt, were involved. And who want to anticipate the price increases associated with Brexit.

Europe's financial center number two, with its seat of the ECB, and its low rental and purchase prices - in European comparison - are undoubtedly very attractive. Fact is: If the Brexit, it could well come to further price increases. And everyone is absolutely right with his statement: "The best day to buy a property was yesterday."

The report of the expert committee proves the renewed increase in turnover compared to the previous year and shows the analysis of the institute of the German economy the underfunding of the Frankfurt housing market with sufficient new buildings. The need for new housing construction is therefore only covered to 45 percent. In addition, in Frankfurt, as in Berlin, the pure view of downtown locations falsifies the overall picture. For example, the most expensive square meter of last year, with 18,000 euros, sits quite lonely above all else, while the "true" top sporadically spends 8,000 to 10,000 euros per square meter and the average price per square meter for good to very good Frankfurt locations (new building) is currently around 4,500 euros lies. And that's not all, in the stock, the average of older years is less than 3,000 euros per square meter.

Exciting, hot and dynamic - these attributes characterize the Frankfurt real estate market. In Frankfurt, the real estate party is still in full swing and not over. In Frankfurt, too, there are signs that the -extreme- pace of market development in recent years has declined somewhat. Given the increase in completion figures in residential construction, this is no wonder. Especially in the coveted high-price segment, there is currently something like offer again. Thus, the marketing times have extended somewhat here, especially for objects beyond the million mark. Logically, the statistical office of the state reports for 2016 a positive balance of nearly 5,500 people. Linked to this, demand in Frankfurt and the metropolitan region is not declining.

Alternatives to the urban area are required

How these are ordered in the up to 20 new residential towers, which are to significantly shape the skyline of Frankfurt over the next five years, is left aside. Here, it would actually need buyers who are willing to pay more than 10,000 euros for the square meter of living - or rather, in the sum of two to three million. Despite the large number of "high-rise apartments", this also represents only a niche market on the Main. In any case, any Brexit refugees would then get their money's worth here. In London, this real estate is commonplace.

But Frankfurt's main market is at a much lower level. And there are many interested parties no longer to the course. At least not in locations that correspond to their original destination. Alternatives are also in demand in the urban area of the financial metropolis. Of districts like Hausen is often spoken of Rödelheim and even of individual locations in Fechenheim. You have to look at the individual case. Not everyone can or wants to go to the Westend or to Sachsenhausen. Many builders are forced to look around at addresses that are not very rich in images.

What remains is an ever-growing number of those looking for either cost reasons or for their own quality of life, the object outside the city limits. However, even here, at least if it should work with the connection, more and more distances in the city must be taken into account. Because Bad Vilbel & Co. are always on price.

That in this regard the Taunuskette with Bad Homburg, Oberursel, Bad Soden, Kronberg and Königstein comes back into play, is largely understandable. Some sites have obvious advantages, and city fathers have recently made sure that their location does not lag behind in terms of development. Oberursel is one of them, as well as the bestseller of recent years - Bad Soden - and Bad Homburg as their very own market anyway. The same applies to Bad Vilbel, a well-kept secret for years, but whose long sleep is over. Again, families are welcomed with open arms.

Example Kronberg and Königstein

Kronberg and Koenigstein did not manage to make the turnaround in terms of generational change. At least these locations are less young and not as lively as their neighbors. In terms of real estate, however, one need hardly worry here. Objects to "Zungeschnalzen" have just the last two cities in great abundance - although not always too expensive in the offer.

One thing that made this Frankfurt round clear is that the metropolitan region has enormous appeal and often has a bigger impact on outsiders than it really is. Nevertheless, the time of panic buying is obviously over. Moon prices are rarely paid and if, then only for real estate without any flaws. Sure, the supply in the market is traditionally low, but who is now active, WILL buy. Often there is no need for it. Therefore, one or the other seller should take the sentence of a broker perhaps to heart: You may raise the bar price. But only so high that even someone can jump over it.

Apart from the image-rich and quiet locations of the Taunus, the south of the metropolis is one of the hippest locations. The region Dreieich with the fascinating villa colony Alt-Buchschlag enjoys in the "noise shadow" of the airport at its proximity and also increasing popularity. The advantage here: By car you are faster in the city than by the Taunuskette, with Darmstadt is another major city in front of the door, and the offer ranges from 600,000 euros for a smaller property to a listed mansion for several million euros.

A real shortcoming, according to an expert in the region, are the missing objects in the range of one to one and a half million euros. Once again, what financially strong families in the surrounding countryside would be prepared to spend. And so the brokers often face the same problems as in Frankfurt, they are now working in Dreieich, in the Vordertaunus, in Bad Vilbel and Wiesbaden or even in Mainz. The market is usually tight to empty, prices are moderate to strong, and demand is reaching new peaks year after year. A simple market looks different.

Hintertaunus: Usingen and Neu-Anspach

And who now thinks it would be enough to search a few kilometers farther behind the popular satellites of Frankfurt, soon realizes that even where a reasonable amount of infrastructure is available, the rising prices have already taken hold. At a moderate level, of course.

Last but not least, a tip for a market with potential: The Hintertaunus Usingen and Neu-Anspach locations are expected to be connected to the Frankfurt S-Bahn network in 2018. In terms of prices, currently 30 to 40 percent below the Vorstadt area, this is likely to change for the region in the not too distant future. And another "animal demand" is likely to be here.