Frankfurt’s premium real estate market is showing signs of a revival in the first quarter of 2026: While supply is growing and prices are falling, demand for high-quality residential properties, which was determined in the DAHLER analysis based on the development of prospective enquiries registered by ImmoScout24, is increasing. This is a key finding of the latest analysis by premium broker DAHLER, which took a close look at the development of the market using data from ImmoScout24. For the analysis, the most expensive ten percent of offers advertised on ImmoScout24 in the first quarter of 2026 were considered. The starting values for this were €9,426/m² on the housing market in Frankfurt and €8,609/m² on the housing market.
“Anyone who buys today checks the price more closely”
According to Björn Dahler, founder and managing director of premium real estate broker DAHLER, the European Central Bank’s key interest rate hike from 2.0% to 2.25% will lead to buyers in the German premium real estate market making even more selective decisions. “Buyers will take an even closer look: at the location, property quality, energetic condition, price and long-term intrinsic value. The fact is that those who buy today do so more consciously than in the years of low interest rates. At the same time, the premium segment remains comparatively resilient because many buyers have high equity ratios and do not have to base their purchase decision solely on the financing burden. The current interest rate decision is therefore unlikely to take demand out of the market across the board, but rather to increase the spread: very good properties in very good locations remain in demand, while location, quality and price must match even more precisely for less outstanding properties,” says Björn Dahler, classifying the change.
Premium apartments: Central locations remain in demand
In the premium apartments segment, demand has increased by 31% compared to Q1-2025. Frankfurt thus recorded the second largest percentage increase in a comparison of the top 7 cities.
There was also an increase in the offer. In a comparison of the top 7 cities, however, it was the lowest at +4.9%, with Berlin (+19.8%) leading the ranking in this respect.
Prices per square metre for premium apartments in Frankfurt fell by a median of 4.0% to €10,514/m² from Q1-2025 to Q1-2026.
“The development shows that high-quality condominiums in Frankfurt continue to meet stable demand. Buyers are currently benefiting from a slightly larger supply and a moderate price correction, which has improved market opportunities in the premium segment. Central established residential areas remain particularly in demand, where prospective buyers expect a high quality of living, short distances and long-term value stability. Accordingly, we are currently observing a revival in demand in the premium segment,” says Tobias Ewald, Managing Director of DAHLER Frankfurt, classifying the figures.
“A look at Frankfurt’s districts shows that the premium segment continues to concentrate on a few particularly sought-after locations. Above all, the city centre with Westend-Süd and Nordend-West remains the centre of Frankfurt’s premium housing market,” adds Ewald.
Around 64% of all premium housing offers are in this district. Demand here increased by 22% compared to the same quarter last year. The median asking price per square metre fell by 3.3%, while supply fell by 5.2%.
Premium houses: generational change causes movement in the premium house segment
The premium house segment – which includes properties with asking prices starting at around €8,609/m² – is in a phase of market recovery, just like that of premium apartments. Prices fell by 8.7% compared to the same quarter last year to a median of €9,353/m², while demand increased by 12%. In addition to Düsseldorf, the average number of interested party enquiries in Frankfurt has also increased compared to the same quarter last year. The supply is growing by 31.3%, but at a manageable level overall.
In Frankfurt in particular, two developments are coming together: the older generation is increasingly looking for high-quality but more flexible living, while families are specifically looking for the houses that come onto the market. This creates new momentum in a segment that has been much more restrained in recent years,” says Ewald.
The premium housing market Q1-2026 compared to Q1-2025 at a glance:
- In the premium condominium market, the number of offers increased by 4.9% in the first quarter of 2026 (compared to Q1-2025).
- The median price in the premium segment of the condominium market in Frankfurt was €10,514/m² (-4.0% compared to Q1-2025).
- The premium condominium market recorded an increase in demand of 31% in the first quarter of 2026 (compared to Q1-2025).
The premium house market Q1-2026 compared to Q1-2025 at a glance:
- In the first quarter of 2026, supply on the premium market for houses increased by 31.3% compared with the same quarter a year earlier, with a manageable number of offers.
- The median price in the premium segment in Frankfurt was €9,353/m², down 8.7% from Q1-2025.
- The number of interested party enquiries registered by ImmoScout24 in the first quarter of 2026 increased by 12%.
