Friday, November 11, 2011

Moscow surpassed London in the ranking of the most promising real estate markets

Moscow surpassed London in the ranking of the most promising real estate markets

The Russian capital has won first place in the ranking of European Regional Economic Growth Index (E-REGI), compiled by LaSalle Investment Management.

This year's ranking, which hit the city, where real estate is the most promising, includes 326 regions in 33 European countries with a total population of about 780 million people.

Experts noted the exceptional growth potential of Moscow, where in the medium term will dominate the high demand for real estate. Compiled by rating tschli size of the city, as well as its potential.

London, which last year topped the rating, down one line due to changes in GDP and employment growth. The current global financial instability also affects the British capital. At the same time, welfare and development of the business environment in London is still far ahead of competitors, including Moscow, but much of the last plays in the growth potential.

Third place in the 2011 Munich retained, followed by Paris, Istanbul, Luxembourg, Stockholm, Oslo, Copenhagen and Stuttgart. The most prominent is the dynamics of Istanbul, who two years ago was na75 th place, while a year ago - on the 25th. In LaSalle Investment Management noted that the city is rapidly becoming a regional financial center.
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Kiev was on the 58th, having fallen for the year into two positions. Real Estate Market experts acknowledge that the city can not boast of high sophistication of the business environment, but recognize its potential.

Note that the E-REGI ranking is a kind of guide for investors, developers and tenants, which shows the leaders and outsiders the real estate market.

Earlier research CBRE showed that the capital of the UK attracted five times as many non-European investors than its nearest competitor cities.

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