Cost of living in Frankfurt: Study shows most expensive life in Hesse

Cost of living in Frankfurt: Study shows most expensive life in Hesse

According to a current study by the German Economic Institute (IW) in Cologne and the Federal Institute for Building, Urban and Spatial Research (BBSR) in Bonn, the cost of living in Frankfurt is the highest in Hesse. The residents of the Main metropolis have to pay 15.9 percent more, including housing costs, than the German average and thus take third place in the nationwide ranking behind the Bavarian capital and the Munich district. The fuldaerzeitung.de lists other expensive and cheaper municipalities in Hesse in an article.

According to the study, housing costs make the biggest difference whether living in Hesse is expensive or cheap. In many other areas of cost of living, however, there are little or no regional differences.

According to a report from www.fr.de, this finding could have an impact on the real estate market in Frankfurt and other expensive municipalities in Hesse. High demand for living space in Frankfurt could lead to further rising property prices and encourage investors to invest in the city's real estate market. On the other hand, inexpensive municipalities in Hesse could see increased influxes because the cost of living is lower there. This could lead to an increase in rental and property prices in these regions.

However, it remains to be seen whether these trends will actually continue and how the situation will develop in the future. The real estate market depends on many factors, such as the economy, interest rates and population development.

Overall, the results of the study suggest that the cost of living in certain regions can have a significant impact on the real estate market and the financial industry as a whole. It is important to monitor these developments closely and take them into account when making investment decisions.