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Economy of Frankfurt


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ous city to be in, is often criticized because it ignores major factors: Firstly it is calculated based on the 680,000-inhabitant figure, but on weekdays there are around one million people within the city limits (not counting the 53 million passengers passing through the airport each year), secondly most of the registered crimes are not affecting the majority of the population, like smuggling or offenses against the Air Traffic Act at the airport, fare evasion and credit card abuse. The rate for personal safety-relevant crimes such as murder, manslaughter, rape or bodily harm, is 3.4 percent and therefore lower than the average compared to other German cities. Just looking at the safety-relevant crimes Frankfurt would be number 12 in the ranking (related to the official 680,000-inhabitant figure) or number 21 (related to the one-million-figure).

Frankfurt has the highest concentration of home owners in Germany. This is partly attributed to number of financial workers in the city but also because of its cosmopolitan nature with a quarter of the city's population being foreigners. For this reason Frankfurt's property market often operates differently than the rest of the country where the prices are generally much flatter than Frankfurt. German property prices are pulled down nationally because of the former East Germany, however, economically sound cities like Frankfurt and other cities in the west of Germany, have a buoyant housing market, which attracts a lot of buyers from the Far East
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