London remains top property investment city

London has retained its title as the best European city for property investment for a second year in a row, but the underlying picture is bleaker, according to an annual survey of about 900 of the world's biggest property investors, lenders, developers and advisers conducted by the Urban Land Institute and PwC. More than 70% of those surveyed believed Europe would move into a recession this year, affecting development activity, investment volumes and property values. In Britain, commercial property values started to weaken this year as investors became more cautious. The survey showed that a further decline was "inevitable," with the pricing between prime and secondary real estate expected to widen. The majority of respondents were concerned about construction costs and the availability of resources in 2023. 

The Times (01/11/2022)