London claims top spot in PATRIZIA’s latest European Living Cities Index report which analyses 142 cities across Europe to determine which are the most attractive and liquid in the living sector.
PATRIZIA, a leading partner for global real assets, has unveiled the rankings of its European Living Cities Index 2024, with London rising above Paris to reclaim the number one spot as the most attractive European city for residential investors. Zurich has risen to third place, up from fourth in 2022, with Stockholm also a strong performer, rising from ninth to seventh place in the rankings.
The biannual European Living Cities Index leverages PATRIZIA’s in-house research and data intelligence capability to analyse 142 capitals and larger cities throughout Europe to determine which are the most attractive and liquid, helping institutional investors develop a diversified European living portfolio.
Dr Marcus Cieleback, Chief Urban Economist at PATRIZIA, commented: “We live in a world in transition where rapid urbanisation will arguably be the defining force that shapes the future of our cities. As long-term investors, we are deeply passionate about understanding the drivers of what makes a city attractive to invest in, both now and in the future, and providing this intelligence to our investors as part of our broad mix of investment solutions. Now in its eighth year, our European Living Cities Index augments a city’s attractiveness rating with key liquidity indicators and the fundamental characteristics of a smart city, creating a comprehensive ranking that informs our convictions for living sector investments across the risk spectrum.”
As well as producing an overall ranking for investment attractiveness, the Index also analyses cities within a set of key sub-categories.
Location Quality: Location Quality measures a broad range of factors including unemployment rate, average household income and green space in a city. Within this sub-category, Zurich ranked the highest, ahead of Basel and Luxembourg.
Connectivity: Connectivity covers a city’s transportation amenities such as share of public transport, average travel time to work and car to work ratio. Vienna rated highest in this category, ahead of Bratislava and Helsinki.
Market Fundamentals: Market Fundamentals is the measure of a city’s core demographic data, including population, working population ratio and number of households. London claimed top spot in this category, followed by Paris and Berlin.
Innovation: The Innovation sub-category analyses key factors driving creativity in a city, such as student population, patent applications and youth ratio. In this segment, Paris took top spot, ahead of London and Munich.
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