Similar way to Amsterdam

In addition to tax concessions, Dublin has the added advantage
of an English-speaking workforce and a flexible labour market. For British
fintechs especially, Dublin offers an innovative working environment as it is the
home to the European headquarters of companies such as Google and
Facebook.

Frankfurt’s fintech scene is small by comparison, nevertheless, it has
been growing noticeably in recent years. In addition, measured in terms of data
throughput, Frankfurt is the largest internet hub, which gives it an advantage as
a location. However, the fintech scene is still not significant enough to have an
impact on current property market developments.

The relocation of clearing
houses could have a direct impact, however. The ECB planned for these to be
located in the eurozone as early as 2011, and to this end, amended regulatory
requirements. The British government appealed to the European General Court
of Justice, which ruled against the ECB’s policy in 2015, thus preventing the
relocation of the clearing houses to the eurozone.