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Frankfurt residents divided over post-Brexit boom
Some hope influx will breathe new life; others worry about effect on an already dire housing shortage
Rents in Frankfurt have risen by up to 37 per cent since 2009, triple the pace for all of Germany, according to Bundesbank estimates. Frankfurt planning officials estimate the city has a shortfall of 40,000 homes even before the Brexit wave hits.
PHOTO: BLOOMBERG
Frankfurt
THE prospect of bankers pouring into Frankfurt from post-Brexit Britain has worried local residents anxious about the effect on an already dire housing shortage but also energised leftist groups looking to advance their anti-capitalist ideology.
At least 10,000 financial...
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