Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

Business News

London slips to 10th place for real estate investment

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".