2014-01-29 14:55:02 -
Deutsche Bank on September 10 for 240 million euros purchased the Westendduo — the skyscraper that has become the iconic symbol of Frankfurt. The purchase of the skyscraper is due to the peak of investments in commercial real estate of Frankfurt that has already felt growth of prices.
Meanwhile the residential real estate is only starting to get more expensive. There is an interesting pattern present today: in the new projects small apartments of approximately 50-70 sq. meters are substantially cheaper than spacious apartments on top floors. Sometimes the difference might be as big as 50-60%.
For example in one of the best central projects of Frankfurt Maintor there is a possibility to buy a studio for 6,000 euros per
sq. meter, while the sq. meter in a 3 room apartment costs 9,000 euros. For subsequent lease those are small apartments that are easier to lease and generate high income represent a significant interest. And the growth of prices is expected around 8-9%.
If you plan to invest in the residential real estate starting from 200,000 euros we can offer you TOP options for investment in Frankfurt.