Frankfurt am Main is a large city in southwestern Germany (Hesse), located along the banks of the Main River. There is one more city in the country - Frankfurt an der Oder (Brandenburg land), in practical communication and business use, the name "Frankfurt" means Frankfurt am Main.
The climate is moderately warm, the warmest temperature in winter (January) is about five degrees Celsius, the coldest temperature is minus one degree Celsius. Snow cover stays for several days. In the warm season (from early June to early September), the average daily temperature is above twenty degrees Celsius.
Frankfurt is considered a global center of commerce, tourism, and an important transport hub. Popular cultural events are also held here; the education system is developed. The city's economy is based on finance, transport and trade (fairs, exchange activities). The Frankfurt Stock Exchange is the largest in the country and one of the most significant for global business.
Advantages of living in the city:
- strong economy and high standard of living,
- developed infrastructure (including the convenient location of the airport),
- tourist attraction,
- good ecological situation (the city is called "green"),
- many cultural events
- high tech medicine,
- prestigious and efficient education system,
- a variety of offers of apartments on the secondary market in any area,
- high liquidity of secondary apartments.
Buy an apartment in Frankfurt from the owners profitably
The city has the largest concentration of households in the country, although only forty percent of residents own their own housing, the rest live in rented apartments. The secondary market offers a wide range of apartments. There are many financial specialists, foreigners willingly come and buy apartments in Frankfurt. The number of visitors reaches a quarter of the total population of the city, so Frankfurt is considered a multicultural city. At the same time, there is a great demand for rent in the city, its cost is high. Thus, renting out apartments is an attractive investment for investors. If you buy an apartment in Frankfurt inexpensively, this will make the investment project even more profitable. However, it should be borne in mind that relatively cheap secondary real estate will require additional costs for restoration and repair. Purchased properties of high quality in terms of their characteristics (location, condition, surrounding infrastructure) will not remain empty, rental income is high and stable throughout the year.
The best locations for investment: the city center (Innestadt) - the best infrastructure, the Old Town (Alstadt) - sights with a special atmosphere and unique architecture. Relatively cheap accommodation in Frankfurt am Main for the purpose of living can be found in the Bankofsviertel area (around the train station). Westend is interesting for the purpose of investment and residence. It is a calm and quiet area with all the necessary infrastructure and beautiful architecture, but real estate here is quite expensive.
The GEOLN.COM real estate website with a convenient search interface helps investors to purchase secondary apartments without intermediaries, where you can quickly find an option according to the required characteristics (a wide selection of offers of verified objects with photos) and get expert advice. Owners of investment objects put up their options for sale on the site on their own. The purchase procedure is transparent, regulated in detail by law, which is confirmed by customer reviews.
Prices for resale apartments in Frankfurt
The average price is 5,908 euros per square meter.
According to the real estate search engine GEOLN.COM, you can buy a 200-square-meter penthouse in a prestigious residential complex for $2,535,000.
Purchasing a resale apartment in Frankfurt am Main is a pragmatic investment in one of the most affluent cities in Germany, where there are good conditions for generating rental income, employment prospects, career and creative growth.