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Real estate market: apartment prices continue to rise

New development area in Frankfurt am Main

In the Main metropolis, more was and is being built. This is noticeable in the price development.



(Photo: dpa)



Frankfurt For years, property prices in major German cities have only known one direction: up. This will not change for the time being: In 2021, the purchase prices for apartments – both newly built and existing ones – will continue to rise in 14 major cities, according to the experts from the Immowelt online portal in a new market study.

One city stands out in the analysis: Frankfurt am Main. While the experts are expecting a significant rise in the price of new apartments for all other cities, they expect a slight plus of just one percent in the Main metropolis. “With a square meter price of 6780 euros, the financial metropolis seems to be gradually reaching an upper limit,” judges Immowelt.

Numerous construction projects have been initiated in Frankfurt over the past few months, and in the east in particular, large areas have disappeared behind construction fences. This is why other experts had already pointed out that the time of exorbitant price increases in the Main metropolis could soon come to an end.

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