T H E B E S T E U R O P E A N C I T I E S

T O B U Y A H O U S E

THE CITIES WITH THE HIGHEST POTENTIAL FOR INTERNATIONAL CAPITAL

According to the European Real Estate Investor Intention 2015 report, certain European cities are more attractive for investors who want to buy properties. Below is a list of the most attractive cities for investors in reverse order of their popularity. 10 – Warsaw 9 – Hamburg 8 – Amsterdam 7 – Munich 6 – Dublin

5 – Milan 4 – Berlin 3 – Paris 2 – Madrid 1 – London

W A R S A W

• Warsaw is currently a diamond in the rough for which investors have great expectations.

• The current low price of housing in the capital of Poland provides great potential.

• There is still a long way to go before the profitability is effective, which is the reason why their level of popularity has fallen in recent years, from 6% in 2013 to 3% in 2015.

H A M B U R G

• The rental market is very strong in Hamburg, as in all large cities in Germany.

• Rental and sale prices have increased by 25% since 2010.

• In spite of being among the top 10, it is still not very popular as its popularity rate among investors is just over 3%.

A M S T E R D A M

• With the crisis, housing prices fell slightly in Amsterdam. Consequently, investors displayed interest in the city.

• Despite the fact that prices are recovering, they are still very reasonable, especially if compared with prices in London or Paris.

• Those displaying greatest interest in Amsterdam are British, French, Chinese, German and Russian investors.

M U N I C H

• Some experts believe that the rise in prices in cities such as Munich can lead to a real estate bubble similar to the Spanish experience.

• This risk compared to the shortage of luxury housing has resulted in a fall in interest for Munich.

• Munich's popularity rate is currently 4%, in 2015, compared to 7% in 2014.

D U B L I N

• The big drop in housing prices in Dublin, up to 51% since the real estate bubble burst, has led investors to become interested in this city.

• Its potential has decreased in recent years as it offers fewer opportunities than other European cities.

• After falling from 7% to 4% in 2014, its popularity rate has remained stable this year.

M I L A N

• Milan is the only Italian city in the top 10 popularity ranking, well ahead of Rome.

• The great opportunities of the capital of Lombardy together with the availability of numerous luxury properties make it very attractive for investors.

• Unlike other cities, Milan's level of popularity has increased compared to 2014, from 3% to 5%.

B E R L I N

• The shadow of a real estate bubble is hanging over Berlin because of low-cost funding, a shortage in the supply of luxury properties and the low profitability of other investments.

• In spite of this, it is a city with great potential, and investors have placed it in fourth position in the ranking.

• Berlin's level of popularity has dropped from 8% in 2014 to 7% in 2015.

P A R I S

• Despite the high cost of housing, Paris is always one of the favourite cities for investors.

• The stability of the real estate market in Paris has led to a drop of several positions in the ranking in recent years.

• In 2015, however, it rose to third place from the fifth last year, achieving a popularity level of 10%.

M A D R I D

• Price stability after the strong fall in prices and the great availability of luxury housing in Madrid have made its popularity level rise significantly.

• In recent years, emblematic buildings in highly representative areas, such as Plaza de España and Paseo de la Castellana, have been sold.

• The interest of investors in Madrid has risen sharply, from the ninth place in 2013 to second in 2015, reaching a popularity level of 15%.

L O N D O N

• London is one of the most highly sought after capitals in which to invest in the world, thanks to the high revaluation of its buildings.

• Only New York is ranked higher in the luxury housing market. London is found to be even more interesting than Hong Kong, Singapore and Tokyo.

• Just under 30% of investors show interest in the British capital in spite of the high housing costs.

G R E AT I N T E R E S T I N E U R O P E

• According to its results, the study shows high investor interest in Western Europe. North America does not even come close to these popularity rates.

• Asia exceeds Central Europe and Eastern Europe in popularity.

• The Middle East and the Pacific region display the lowest levels of interest to investors.

E V O L U T I O N B Y C I T I E S

• The level of interest in the top 10 cities in 2015 has changed in recent years, leaving Barcelona and Frankfurt out of the leading positions.

E X P E C TAT I O N S F O R 2 0 1 5

• The countries that prove of the greatest interest for investors are the United Kingdom, Germany and Spain.

• Below, we can then see the recent evolution of the interest displayed by investors for these countries.