Wetteraukreis in the upswing: Lack of living space meets Frankfurt hard!

Wetteraukreis in the upswing: Lack of living space meets Frankfurt hard!

The Wetterau increasingly benefits from the tense situation on the housing market in Frankfurt, which makes the region a sought -after location. Buyers and investors prefer to draw into this neighborhood, which borders directly on Frankfurt am Main and the district of Gießen. Thanks to its location, which is a green oasis in the immediate vicinity of the metropolis, the Wetteraukreis can take new economic opportunities. At the important real estate fair Expo Real in October 2024, the Wetterau presented itself as the "green part of the metropolis Frankfurt" and underlined its advantages. This has already led to an increase in demand for living space in the region, since the residents are looking for relaxation and access to nature without having to miss the advantages of a big city.

The German residential property market shows, especially in Frankfurt, signs of stabilization after the high phase of the price boom was slowed down by rising interest rates and uncertain economic conditions. In the past few months, demand in certain price segments has increased, but the general new housing construction has been under pressure due to high construction and financing costs. Apartments of up to 500,000 euros and objects from 1.5 million euros are particularly in demand, which further reinforces the gap between the luxury segment and affordable living space. According to Westmont Group , the price corrections are largely completed. Nevertheless, the decline in property prices meets a demanding recovery in the upper housing construction.

challenges in housing construction

With only 3,661 building permits in Frankfurt in 2023, the necessary amount of new apartments was missed far. This is a development that also affects Wetterau, since a decline in building permits was determined by 30 percent compared to the previous year; This has been the lowest level since 2010. The pressure on the housing stock is growing. The rising interest rates create additional financing hurdles for buyers and developers, especially for new construction projects. At the same time, the city of Frankfurt is developing funding programs to boost housing and plans investments of 250 million euros in the subsidized housing construction by 2025. This step could make it possible to at least partially cover the demand for affordable living space.

Another aspect is the expected development of rents, which could naturally increase due to the limited offer. This applies particularly in urban areas, where demand continues to exceed. Industry experts notice that the real estate market in Frankfurt is in a profound transformation process. Innovative solutions are required to meet the challenges of the market, which presents both investors and political decision -makers.

market analyzes and forecasts

The expert committee for real estate values ​​regularly provides current information about the real estate market in Frankfurt, which is recorded in real estate market reports. The report from 2024, published on September 18, 2024, is considered an important source of information for market participants. These reports that contain detailed evaluation factors and market analyzes are available free of charge as a download. In addition, reference is made to the development of the market in 2010 to 2021, which are important for the connections and developments of the current market. According to frankfurt.de , the prices also begin in accordance with § 183 ff BewG, which affect inheritance and gift tax, from 2022.

In the coming years, the markets could be consolidated and the stabilization could also transfer to the Wetterau, which is an attractive option for many. It remains to be seen whether the region can benefit from the current challenges of the real estate market in Frankfurt in the long term or whether the problems will also find their way around here.