Skip to main content

Birmingham, Berlin and Hamburg are top of the property market as the capital is overtaken by cities such as Budapest and Istanbul



London rejected from the 10 best European cities for investing in property

Birmingham, Berlin and Hamburg are top of the property market as the capital is overtaken by cities such as Budapest and Istanbul



London has slipped out of the top 10 best cities in Europe for investment prospects in property for the first time since 2012 to 15th place, thanks to high prices and a crunch on 
yields. 



The capital is no longer in the top 10 best cities in Europe for investing in property Photo: Getty Image


Berlin and Hamburg took the top two positions in the Emerging Trends in Real Estate report by PwC and the Urban Land Institute, while Birmingham came in sixth. 

Which European cities have the best investment prospects for property?


The report, which is a useful guide to where experts think the market might be heading, collated interviews with more than 500 developers, investors and property managers across Europe.

They were asked to rate each city based on investment prospects, and for their impressions on the future of the property market – both residential and commercial.

London, while still the biggest investment market for property in Europe, came in one place below Istanbul and two below Budapest, despite their volatile political situations.

Infographics: Key findings in numbers.


Birmingham is has great prospects for property investment , bigger better national rail hub New Street Station, provides faster access to capital and to the north.

Birmingham remained in sixth place for the second year running because companies are starting to move business there, such as HSBC, as well as HS2 and its relative cheapness in comparison to London.

One investor said: “I think it is finally proven that Birmingham is attracting employees and employers from London. At several buildings in Birmingham which we own, the tenants have moved people there because it is cheaper.”

Berlin’s popularity stems from its existence as a hub for creative and tech industries, and the strong demand for office space.
The list of European cities with the best investment prospects


Berlin 


Hamburg 

Dublin 


Madrid 

Copenhagen 

Birmingham 


Lisbon 


Milan 

Amsterdam 


Munich 

Stockholm 

Barcelona 

Budapest 

Istanbul 

London 

Helsinki 

Warsaw 

Edinburgh 

Prague 

Frankfurt 

Brussels 

Paris 

Vienna 

Zurich 

Rome 

Lyon 

Athens