Real Estate Prices in Frankfurt and Munich Decreased Significantly
6 Articles
6 Articles
Only three years ago, Frankfurt am Main and Munich were among the cities with the biggest real estate bubble risk worldwide. Meanwhile, the prices there for apartments and houses are well below the previous highs. UBS now sees the acute danger of a bubble elsewhere.
In the past real estate boom, the housing market in the two metropolises had run hot. Now it has cooled down. However, the respite for tenants and buyers should not last long.
The risk of a real estate bubble in Munich and Frankfurt has fallen. However, after higher interest rates and lower real estate prices, demand and purchase prices are rising again. For many, residential property remains barely accessible.
According to a study, the purchase prices for apartments and real estate in the Main metropolis have fallen by around 20 percent since 2022. This has also reduced the risk of a real estate bubble. However, prices are likely to rise again.
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