London Leads European Investment

London has been named as property investors number one choice when it comes to purchasing real estate in Europe. The annual European regional economic growth index compiled by LaSalle Investment Management, found the city to be at the top of the rankings....

London has been named as property investors number one choice when it comes to purchasing real estate in Europe. The annual European regional economic growth index compiled by LaSalle Investment Management, found the city to be at the top of the rankings.

However, other cities in the UK have fallen back sharply. Belfast, Liverpool and Sheffield are now among the least favoured places in Europe to invest in property, alongside locations which have struggled to deal with the global recession - notably in Greece and Spain.

LaSalle compiled the index by ranking 104 major European cities using a combination of economic growth factors, the overall level of wealth and the attractiveness of the business environment. Swiss locations jumped sharply up the rankings, 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: "It is clear that weak locations in traditionally strong countries such as Germany, France and the UK have suffered compared to their economic powerhouses."

The news comes just after CB Richard Ellis revealed that the UK capital city was the top destination for cross-regional investment during 2009 and the first half of 2010. According to the firm, London captured 27 per cent of all foreign purchases over the 18-month period.

- Thursday 14 October 2010

*This page is provided for information purposes only and should not be construed as offering advice. Flex Profit Hub is not licensed to give financial advice and all information provided by Flex Profit Hub regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.