Frankfurt on the Main: The little big metropolis
Frankfurt is the economic and structural center of the Rhine-Main metropolitan region and the Frankfurt agglomeration. Around 747,000 people live in the Main metropolis, which is known worldwide as a financial centre and the headquarters of the European Central Bank / ECB. Frankfurt is the biggest city in Hesse and the fifth largest in Germany. The agglomeration has approx. 2.5 million inhabitants and includes the sub-centers Offenbach, Hanau and the Vortaunus. About 5.5 million people live in the entire Rhine-Main metropolitan region .
Its central location makes Frankfurt am Main a European transport hub. The airport is one of the largest in Europe and the whole world. Frankfurt’s main railway station is one of the busiest in Germany and Europe. The same applies to Frankfurter Kreuz (Crossing) which is one of the busiest road junctions in Germany and intersection of the A 3 and A 5 motorways. Its convenient location and excellent infrastructure make the metropolitan region an important logistics location. Measured by throughput, DE-CIX in Frankfurt is the world’s largest Internet hub.
Real estate market development
According to Handelsblatt, Frankfurt in particular is showing a sharp rise in rental and purchase prices. The real estate price index of www.wohnungsboerse.net shows an average price for a residential property in Frankfurt (2018) of 5,891.02 EUR / sqm (Hesse: EUR 3,594.26 / sqm, Germany: EUR 3,484.9 /sqm).
As everywhere else, purchase and rental prices strongly depend on the property location in Frankfurt and Rhine-Main. The spectrum in the Main metropolis ranges from Westend-Sued with an average of 9,700.05 EUR / sqm to the more affordable areas like Sossenheim with an average of 2,849.28 EUR / sqm.
High Taunus locations like Königstein, Kronberg or Bad Homburg top-ranked in terms of prices. Here live the higher earners, who often make their living in the financial sector. In some locations, the Hochtaunuskreis (High Taunus) has the highest per capita income in Germany.
According to Handelsblatt, Frankfurt is currently ranked#5 among the strongest real estate markets in terms of turnover after Berlin, Munich, Hamburg and Cologne.
Traffic and Transport
The S-Bahn network of the conurbation extends from the area around Wiesbaden and Mainz in the west to Aschaffenburg in the east, as well as from Friedberg and Bad Nauheim in the north to Darmstadt in the south. It serves approx. 3.4 million inhabitants on an area of 5,500 km².
The Rhine-Main region’s role as a transport and logistics hub is, among other things, due to Frankfurt Airport and its central connection to the motorway and railway networks. The Frankfurt intersection at the intersection of the federal motorways BAB 5 and BAB 3 as well as important, partly motorway-like federal A-roads (e.g. B 44) and the Frankfurt main station handle the largest traffic in Europe.
Munich, Hamburg, the Benelux countries, Paris, Switzerland, Austria, the Czech Republic, Poland and Berlin are all within easy reach. Other important long-distance railway stations: Mainz main station, Frankfurt Süd and Frankfurt Flughafen Fernbahnhof. The Rhine-Main region has a first-class infrastructure, which also has a positive effect on economic and real estate development.
If you are looking for a property in Frankfurt or in the Taunus or want us to provide you with a current market review, please contact us using the contact form on this page. Alternatively, you can contact us directly by phone or e-mail. Our market-oriented reviews are free of charge and without obligation. They are based on many years of market knowledge, experience and profound expertise in the field of real estate and housing. We will use then our extensive network of property owners and landlords to search and find suited property and submit you an offer. We look forward to successfully realizing your real estate project together with you.
1] The information on this page is mainly based on the following sources: https://de.wikipedia.org/wiki/Frankfurt_am_Main; https://de.wikipedia.org/wiki/Frankfurt_am_Main; https://de.wikipedia.org/wiki/Rhein-Main-Gebiet