London tops Europe property list
Baku, October 11 (AZERTAC). London has emerged as the most attractive European city for real estate investment, even as other UK cities are being shunned, suggesting that the recession has widened the gap between the capital and the regions.
There has been a polarisation of investor sentiment towards the UK, with London regaining the top spot after falling to eighth in the annual European regional economic growth index complied by LaSalle Investment Management, one of the largest global real estate investment managers. Previously, Munich was the most attractive investment location.
LaSalle compiled the index by ranking 104 major European cities using a combination of economic growth factors, the overall level of wealth, and the relative attractiveness of the local business environment.
Swiss locations jumped sharply up the rankings, reflecting the migration of financial groups to the country but otherwise investor focus was mainly on leading cities such as Paris, Munich, Moscow, Stockholm and Oslo.
Robin Goodchild, La-Salle`s head of European research and strategy, said the disparity between “winning and losing cities” would become even more pronounced over the next few years
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