Brexit helps drive Frankfurt high-rise apartment blocks

The prices for new apartment blocks in Frankfurt have now reached such a high level that it pays off for project developers to build high-rise residential buildings and more towers are being built in the German financial capital boosted by Brexit.

In 2017 alone, asking prices rose by 15% compared to the previous year. A total of eight residential high-rise buildings have been completed since 2014 in the city and 20 more could be added by 2022. Five are currently under construction and another 15 are planned, according to consulting company Bulwiengesa.