How to Go House Shopping in Frankfurt: A Real Estate Guide
Moving there because of Brexit? Here’s what you need to know about the housing market.
Source: Peters & Peters Sotheby’s International Realty
As Brexit looms and some 30 financial institutions make plans to relocate their home offices to Frankfurt, thousands of bankers are suddenly faced with the prospect of relocation. Others have already begun to make the move.
The city that PricewaterhouseCoopers ranked fifth for investment prospects in 2019 has seen a population increase of more than 10 percent since 2012, according to a report by real estate brokerage Engel & Voelkers. Unlike in other German cities, many residential towers pierce the sky here, but with 1,000 new residents moving to the downtown “Mainhattan” district each month since the Brexit vote, the market is getting squeezed.