Frankfurt am Main is growing – as a stable business location, internationally important financial centre and European transportation hub. The largest city in Hesse attracts numerous young workers, older financially strong couples, but also foreign customers. For several years now, Frankfurt am Main has been one of the cities in Germany with the highest population growth. Since 2014, the number of inhabitants has risen by 7.1 per cent to almost 760,000. Given their economic importance, mass migration and associated housing demand are unlikely to decline in the foreseeable future.
Frankfurt am Main is also one of the nationwide leaders when it comes to vacancy rates for residential properties. The Main metropolis has a vacancy rate of only 0. 3 per cent, which is ahead of the already low figures in Stuttgart (0. 5 %), Hamburg (0. 5 %) and Berlin (0. 8 %). The continuing excess demand for housing in Frankfurt am Main has led to a steady rise in the average rent in the Main metropolis for years. However, a distinction must be made here between existing …