Latest article from Bellevue Europes Largest Property Magazine confirms what we observe since two years. Read the article here ^[1].
Our comment: The article delineates the general trend on the Frankfurt market quite precisely. However, the situation is even more dramatic on the day to day business as a realtor: there is a huge buyers clientele who crave to buy and find nothing. Unbelievable, but true; some are searching since over one year and do not find what they want. And that despite of quite a number of newly built projects in the Frankfurt area. How come? The majority of clients who want to buy owner-used and who are in the upper income section, are focussing exclusively on Nordend, Westend, Sachsenhausen-North and Bockenheim as well as Bornheim. And there the number of properties on the market is extremely low. That has virtually driven the prices by 30-40% in five years – or better, in the last two years – in those areas.

On the other hand, whole blocks of residential or mixed use are almost none on the market. If you own one and want to sell, its a good time now. If you are an investor and want to buy one, its difficult. We search continuously for new offers coming on the market, also with our colleagues who confirm the same. Actually, all failed sales in this and last year in our company were solely because the seller withdrew in the last moment or because the seller had a much better offer. Mostly the asked-for prices are being paid and sometimes even more on such blocks.

But there are also bad areas and locations to avoid as investor and to tell the difference between the two we offer our service to you as realtor. We also manage rentals and from that point of view know a lot to tell about good and bad locations as well as good and risky tenancy areas. If you are interested, contact us ^[2].