The corona crisis is changing the demand from home buyers.
(Photo: dpa)
Frankfurt It is a record that should not cause enthusiasm in Frankfurt: According to a recent study, the market for residential property in the Hessian city is more overheated than in any other metropolitan region in the world. According to the Swiss bank UBS, the financial center on the Main has the highest risk of a price bubble. In the period under study from mid-2020 to mid-2021, Frankfurt is ahead of Toronto, Hong Kong and Munich, as the money house reported on Wednesday. UBS chief investment strategist Maximilian Kunkel advises investors to exercise caution at the moment.
Real – i.e. adjusted for inflation – housing prices in Frankfurt have risen by ten percent annually since 2016. The rents have risen by almost three percent every year, the real estate experts found. Cheap loans would have led to the financing of speculative rental projects. In addition, the construction activity was limited to the luxury segment – the supply of affordable living space, on the other hand, is scarce.
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further