February 08, 2018 – Frankfurt am Main, Stadt
Brexit is fuelling a surge in house prices in Frankfurt as London bankers prepare to relocate there ahead of the March 2019 leave deadline.
Suggestions that up to 10,000 bankers may move to Germany’s financial centre as a result of Brexit has led to a 10.7% increase in apartment prices in the second half of last year, according to estate agents Jones Lang LaSalle. Prices have leapt by 99% since 2004.
Although Frankfurt is much cheaper than London for housing, agents fear Brexit will continue to push prices in the small German city higher.
JLL says the average asking price for apartments in Frankfurt last year was €4830 (£4280) per square metre. Luxury properties are selling at €7500 per square metre.
Soruce : standard.co.uk
Trends, property prices, property market, real estate market, Brexit