Work in Frankfurt but buy an apartment in the surrounding area. According to a Postbank study, this can be a good solution to save money.
- Prices are rising, not just in Frankfurt self.
- The catchment area is also for Buyers always more attractive.
- A study gives clues to where to find one Buying an apartment near Frankfurt worth it.
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Frankfurt – Buying an apartment in cities around Frankfurt In spite of the rising prices everywhere in the surrounding area, it can also be very financially worthwhile for people who continue to work in Frankfurt. This is the result of a study carried out by the Hamburg World Economic Institute for Postbank.
According to the model calculation for the Postbank Living Atlas, it is cheapest to purchase living space in Langen. Mathematically, someone who buys an average expensive 70 square meter apartment there could go by train for more than 80 years Frankfurt commute and would have compared to one Buying an apartment in Frankfurt still saved money.
Study on buying a home near Frankfurt: purchase price versus commuting route – it is worth buying here
On the one hand, this is due to the significantly lower prices there on average. For Frankfurt the World Economic Institute assumes a price per square meter of 5686 euros, for the Offenbach district, on the other hand, an average of only 2723 euros. The fact that Langen is at the top of the list also has to do with the very short travel time to Frankfurt, at least by train. After all, the Hamburg Institute for Model Calculation not only calculated the ticket prices, but also the time spent commuting as costs and estimated 30 euros per hour.
Attractive to people looking for one Buy apartment according to the study, it could also be a move to Offenbach, Dreieich, Maintal, Neu-Isenburg, Bad Vilbel, Mörfelden-Walldorf, Hanau and Eschborn. In all of these cities, the purchase price advantage is so great that, at least, commuting with public transport was worth it for more than 40 years.
A relaxation on the housing market in #Frankfurt is not in sight. Experts expect prices and rents to continue to rise.https://t.co/YiwIB8tVQo
– FrankfurterRundschau (@FRlokal) January 25, 2020
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Buying an apartment near Frankfurt: Calculation when using a car is worse
The worst ratios of the saved purchase price to the costs for commuters have among the cities examined Rödermark, Seligenstadt and Büdingen, where commuting was only worth 20 years or less. This has a lot to do with the longer travel times. From Langen you are at least nine minutes by train Frankfurt Central Station, from Seligenstadt in 57 minutes.
The calculation is worse on average for people who buy an apartment in the surrounding area and then want to drive to the office by car. In this case, according to the study, the period in which commuting is worthwhile shrinks in length from 80 to 29 years. This also has to do with the fact that the journey time is assumed to be twice as long.
Study on buying a home near Frankfurt: A city is particularly attractive for commuters
The most attractive option for commuters is the study after Neu-Isenburg, in which the investment was worth almost 50 years, before Dreieich and Mörfelden-Walldorf. The most unfavorable is the ratio of cheaper purchase price to commuting costs for drivers in Büdingen and Gelnhausen, even if the prices there are significantly cheaper than in Frankfurt.
Ultimately, prospective buyers would have to calculate for themselves whether buying a home with a daily trip Frankfurt Postbank limits it for them. After all, that also depends on whether one or two employees commute, whether they work part-time or partially in their home office and how childcare is possible. (Christoph Manus)
Living in Frankfurt is getting more and more expensive, the price development for apartments and rents is increasing. But there is a small, positive message.
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