Properties for Sale and Rent in Frankfurt
As a major financial center and home to the European Central Bank, Frankfurt has seen considerable growth in recent years. The current population of roughly 730,000 is expected to increase to about 764,000 by 2020, according to a housing market report published in January by Deutsche Bank, and the surrounding urban area has a population of more than two million.
That population growth, combined with the country’s booming economy and the city’s limited supply of housing relative to the demand, is driving up Frankfurt’s real estate prices, although they are still lower than those in other major German cities. Between 2009 and 2016, prices of existing apartments in Frankfurt rose by 40 percent, the report noted, compared with increases of more than 60 percent in Munich and more than 90 percent in Berlin.
But in 2016, single-family home prices in Frankfurt rose by nearly 12 percent and apartment prices by about 10 percent, an increase the report attributed in part to anticipated relocations from Britain, following Britain’s vote to leave the European Union.
Most foreign buyers in Frankfurt are from Europe, China or Middle Eastern countries, Mr. Schmitt said. They are drawn by the strong economy, he added, as well as Frankfurt Airport, a major international hub and the country’s busiest airport, which makes the city easily accessible.
There are no restrictions on foreign buyers in Germany, apart from the requirement to have a German bank account. As Mr. Schmitt put it, “You cannot fly in with a suitcase full of money.”
Mortgages are available to foreigners, but usually not for more than half of the purchase price, he said, and interest rates have been extremely low in recent years, at just above 1 percent.
As the center of the "Rhein/Main-Area" Frankfurt is one of the most productive and dynamic region of Europe. Because of its young population the little metropole is active and current. Frankfurt is fast, colorful and international - no wonder... 180 nations call Frankfurt their home.
There are 45 individual areas in Frankfurt, which are quickly reachable by bus and the underground. You can easily explore Frankfurt by foot or on a bike. People who don't live in Frankfurt, think of the city as being hectic and formal. They only imagine skyscrapers and banking houses.
However there is so much more to it. There are very charming and attractive districts. In contrast to the old historic buildings there are many impressive skyscrapers in Frankfurt.
Are you looking for a house to buy in Frankfurt? A selected list of current properties from our portfolio for “buy a house“ follows.