Migrants in Frankfurt appear to be highly educated
Migrants in Frankfurt appear to be highly educated – which may explain the relatively high and rising share of
university graduates among employees in Frankfurt. In 2017, c. 27% of all
regular employees in jobs which are subject to social security contributions were
graduates. Strong population and employment growth has stimulated housing
demand. Low interest rates, healthy income growth and relatively low prices per
sqm at the beginning of the current cycle have propped up demand as well.
The number of building permits granted per year has therefore risen from 2,400
residential units in 2009 to 5,600 in 2016. However, according to bulwiengesa,
the number of completions has increased much more slowly and amounted to
only just above 4,000 residential units in the last few years. At the same time,
conversions of public buildings and commercial space have helped to create
several thousands of residential units in the last few years. New city quarters
have been built or planned, for example a new quarter for up to 30,000 people
in the north-west of the city at the border of the Taunus.
EU Forecast
euf:ba.18.j:159/nws-01