London slips to 10th place for real estate investment

Click to follow
The Independent Online

London has slipped to 10th place as a property investment opportunity, putting the capital behind the likes of Zurich and Hamburg, according to a survey by PricewaterhouseCoopers and Urban Land Institute.

"Emerging Trends in Real Estate Europe" highlights new markets such as Istanbul – ranked first – as growth cities. Simon Hardwick, a partner at PwC, said: "Lon- don has become fully priced due to strong demand for a safe haven, but some might say overpriced." The forecast warned that the European real estate industry is "in limbo".