Increasing purchase demand and stable prices: upswing on the real estate market in Frankfurt am Main

Increasing purchase demand and stable prices: upswing on the real estate market in Frankfurt am Main
continuing upswing on the real estate market - living barometer Q2 2024
A persistent upswing is emerging on the German real estate market, as can be seen from the current Immoscout24 living barometer Q2 2024. This quarter has a new high in the demand for purchase and prize stabilization in existing apartments. In addition, there is a positive price development for single -family houses and a moderate price correction in new buildings.
demand for purchase at record high
The demand for purchase properties, measured by the contact inquiries at Immoscout24, has increased significantly throughout Germany. In the cities in particular, the demand for purchase has reached a new high since 2017. This trend is also continued in the surrounding area of the metropolises. Demand also increases significantly in both other cities and in rural regions.
price stability in existing apartments
In seven out of eight metropolises, the offer prices for existing apartments are stable or slightly increasing. Only in Frankfurt am Main did prices drop compared to the previous quarter. The slight drop in price throughout Germany is 1.1 percent. This indicates an overall stable price situation.
price correction for new apartments
, on the other hand, the offer prices for new apartments in six out of eight metropolises are moderate in the second quarter of 2024. The price correction is largely due to residues and fewer new construction projects in the city center. Stuttgart records the largest price correction with a price discount of 2.8 percent.
Positive price development in single -family houses
single -family houses in the existing inventory recorded a predominantly positive price development. In Hamburg in particular, there is a strongest price increase of 2.7 percent compared to the previous quarter. The prices also rise in Cologne, Stuttgart and Leipzig. The prices only drop easily in Munich and Frankfurt am Main.
The Immoscout24 residential barometer Q2 2024 shows an encouraging development on the German real estate market. The increasing demand and the stabilization of the prices offer both buyers and sellers good chances. It remains to be seen how the market will develop.