Home Breaking Even the German upper class can no longer find apartments

Even the German upper class can no longer find apartments

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The prices for condominiums are now increasing so fast that even broker professionals hardly ever come after m. Just recently franchise company Engel & Völkers announced a new high price for Frankfurt am Main. About 14,300 euros per square meter would have paid buyers for a chic apartment near palm garden in Mainmetropole, brokers reported. A record for first half of this year.

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A few days after publication of relevant market report, this figure was already wasteful: The Frankfurt-based company Immoconcept reported that a buyer had recently paid an apartment on Börsenstrasse of almost 22,000 euros per square meter. With this move, Frankfurt is advancing into league in which very expensive Munich real estate market is moving.

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