London has climbed from fourth to second in a league table of European cities with the most attractive property investment and development prospects. The survey, by PwC and the Urban Land Institute, saw London rank behind Berlin as the top city in which to invest. Investors polled said London was boosted by good liquidity and Brexit-related pricing discounts relative to continental markets. Gareth Lewis, real estate director at PwC, said: "It's clear that, at this time of significant uncertainty, investors continue to see Europe's core cities as safer bets and there remains cautious optimism."
The Times (04/11/2020)