European real estate returns rise
A report compiled by the Urban Land Institute and PwC puts Munich at the top of the rankings in the annual Trends in Real Estate Europe survey.
Munich is the safest property market investment in Europe. Photo: John White Photography
Hamburg and Berlin are in third and fourth place, followed by London, down two places, and Zurich.
Recovery in other nations has improved the outlook elsewhere, with Dublin moving from 20th position to second.
The Spanish market is also showing signs of improvement, after being hard hit by recession.
Even though it has moved from 13th to 17th position out of 27 cities across Europe, Edinburgh is proving an attractive alternative to London for real estate investors.
Edinburgh's appeal comes from property prices rising steeply in London, meaning returns on capital can be higher in the Scottish capital.
