Global cities
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As our chart shows, the genuinely ‘global’ cities remain the most appealing (albeit by slim margins), with the top four slots going to London, Paris, Tokyo and New York.
How appealing are these global cities for real estate investment?
One piece of long-established real estate wisdom is that investors tend to default to major cities in times of uncertainty. Flight to quality is a natural reaction to economic stress, as is the inclination to fall back on tried and trusted locations and asset types. In the current climate, stability is a highly prized quality, and global cities offer robust long-term prospects that may be hard to find elsewhere.
London’s position at the top of our table is also a natural curtain-raiser for our UK-focused material, which begins on page 12.