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European Finance Planner
Matthias has been advising foreign real estate investors in Frankfurt for many years. His time in the United States has given him excellent English speaking skills. He will implement your project in lightning speed.
Senior Financial Consultant
Apostolos is an experienced advisor on all aspects of financing your property in Frankfurt. His excellent knowledge of English and his understanding of the real estate market will help you to obtain advantageous financing at the best conditions.
Get a more detailed overview of the city you are interested to invest. Rather than just looking at the city as a whole, go that bit deeper. Look at the different districts, look at the property prices and how they have been impacted by changes i.e gentrification that has taken place in the last years. This could be a good indication of the impact on the prices for the future.
A good indication of how realistic the property prices are, can be gauged on how long properties stay on the market before being sold. When properties are slow to sell , this could indicate room for negotiation! When properties are moving quickly, then you have to move quickly too!
Macroeconomic data can also provide some valuable information, particularly when you are looking at it from a ‘supply /demand’ perspective. Comparing the number of households in the district and the number of housing units available, is a good indicator how the property prices could develop. When the demand is higher than the number of properties available on the market, prices will rise.
The age of the inhabitants in a district will certainly have an effect on the property prices. Districts with a younger age group, those finishing their studies starting new jobs, starting families etc create a demand for cafes , restaurants, entertainment outlets, kindergartens, organic markets etc enabling new businesses for flourish. This in itself creates a further demand as more people want to be part of this and so, is then reflected in the property prices. Back to the supply/demand.
When a district has a healthy employment rate, therefore a stronger purchasing power, this will undoubtable have a more positive effect on the future potential for property.
The average net income in a district to some degree can be related with the employment status, but of course, a lower net income district with a high employment rate with young residents could also become a future area for development. Sometime we also have to take a longer term view.
By considering the number of people per household in a district, this will help determine which district best match with your requirements and investment strategy. Buying a 3 room apartment for a family could also work well for student sharing accommodation, if there is a high student presence in that district and the demand is there.
The location is considered attractive to both international employees and employers because Frankfurt not only boasts good accessibility compared to other top European locations, but also scores well in terms of the affordability of living space. In the face of the growing demand for housing, it was possible to significantly increase the supply of housing in 2018. With a r ecord-breaking construction volume of €550 million and around 3,500 new homes, residential construction was at its second-highest level of the past forty years. Remarkably, it was achieved without the creation of any major new development zones. A sustained boom in residential construction is also to be expected in the future, with building permits granted for almost 7,330 apartments in 2018, a level last achieved in the early 1960s. Historic high rates were also achieved in the conversion of office and commercial space. As occupational immigration is mainly characterised by international and often smaller households, demand for micro-housing concepts and high-priced housing remains high. Consequently, micro-apartments continue to account for a high proportion of building permits. Other new development zones are also planned, including the tunnelling of, and development above and around the A661 motorway in the northeast of the city, which could create some 5,000 new homes. Nonetheless, the Frankfurt housing market remains tense and the affordability of housing remains a widely discussed topic in the public arena, further fuelled by a Frankfurt Citizens’ Petition and by the Lord Mayor’s call for a rental cap, for example.
Average asking rents in Frankfurt have risen by around 3.4% to €15.05/sqm/month compared to the same period last year. With a price increase of just under 6.8%, the lowest rental price category recorded significantly stronger growth than the prime segment (3.2%), which averaged around €22.55/sqm/month in the first half of 2019. The <45 sqm apartment size category has continued to show strong rental price growth with the average rental price level in this size category rising by 9.4% to €19.20/sqm/month compared to the same period last year. An analysis of rental price trends in the various submarkets reveals the highest increases in the north of Frankfurt (e.g. in Nieder-Eschbach, Kalbach-Riedberg, Nieder-Erlenbach and Harheim) and in Ostend towards the ECB (European Central Bank) and Offenbach, where new development sites and a high proportion of micro-living concepts can be found. Conversely, isolated declining or stagnating rental price trends can be observed in individual suburban locations.
Momentum in the market for condominium apartments in Frankfurt is sustained. On average, condominium apartments cost around €5,620 per sqm to buy, which is around 6.8% more than in the same period last year. With an increase of more than 9.7% compared to the previous year, the strongest price rises were observed mainly in the lowest purchase price categories. Asking prices for new-build condominium apartments have also risen substantially by around 14% while the development of prime purchase prices has lost momentum. On average, prime purchase prices in the first half of 2019 were around €8,620 per sqm and therefore 1.4% above the previous year’s level. An analysis of the development of purchase prices in the various submarkets reveals that strong increases can be observed especially in Sossenheim, the western city centre and in areas around the ECB. Conversely, slight declines can be found in some areas on the periphery of the city. Thus, in the city itself, there is a mixed picture in terms of the development of purchase prices across the submarkets.