Frankfurt is the 5th biggest city in Germany, it is in Hessen and more than 750.000 people are living there. Between 2008 and 2018 about 100.000 new people were coming to live in this big city.In Frankfurt there are many banks, the ECB (European Central Bank) and the stock exchange, so this city is considered as financial capital from Germany.
The demand for real estate in Frankfurt is bigger than the offer, so the prices for rental rise. In Frankfurt the prices are one of the highest in whole Germany, just Munich has higher prices.
The current average price per square meter for an apartment in Frankfurt today is 17,87 €/m². To rent a flat or a house you must lock a rental contract. These contracts are usually closed for one or two years. In 2018 for an apartment up to 40 square meters you had to pay about 17,90 €/m² , for up to 80 square meters about 13,10 €/m² and for up to 120 square meters about 13,50 €/m² . But the price for an apartment depends on the area you want to live at. In the centre of Frankfurt, it is much higher as in a suburb.
There is already today a lack of apartments and houses in Frankfurt. But many people fear, that because of Brexit, Frankfurt will supersede London as the finance place. When that happens, many people will come to Frankfurt and will live there. So, the living space will get scarce and the renting prices will rise even more. Nearly 45 banks and financial service providers have already gone to Frankfurt and now have new jobs there.
