London only European city in new Global Index

23rd December 2016

Beijing has topped the latest Schroders Global Cities Index rising, from its previous fourth place. It was followed by fellow Chinese cities Shanghai, Shenzhen and Tianjin, with New York making up the top five. The index ranks cities according to their future prospects and desirability of real estate. London is the only city outside China and the US to make it into the top 10, jumping two places to number eight. This was partly down to the combination of high demand alongside Green Belt planning rules that limit supply and increase the value of existing real estate, Schroders Global Cities Real Estate noted.

Daily Mail (16/12/2016)