The difference in
size between the two cities is such that even minor outflows from London could
be of major importance for Frankfurt.
Based on these considerations, we have
produced the following, rather cautious baseline scenario: if Frankfurt succeeds
in attracting 1% or 3,500 of London’s financial sector employees, plus potentially
150 EBA employees, one or more other companies outside of the financial
industry and a number of expats from London to Frankfurt, it can expect its
working population to increase by 5,000.
In line with these considerations, we
expect the number of office workers to increase by 5,000, together with an
additional housing requirement of 5,000 homes in Frankfurt by 2020.
EU Forecast
euf:ba18.c:85/nws-01