For the first time, Paris has knocked London off the top spot in the rankings for the world's most attractive cities for foreign investment in real estate, according to the CBRE’s quarterly study published on November 8, 2019. The British capital was downgraded to second place due to uncertainty surrounding Brexit.
Paris is going from strength to strength, with a 44% jump in foreign capital invested in the third quarter of 2019 compared with the same period in 2018. Since the beginning of the year, the volume has increased by 16% compared with 2018.
The leading foreign investors are from Asia (17.5%), notably from South Korea and Singapore. Offices remain the most sought-after types of real estate, ahead of residential buildings and logistical sites. In addition, the Grand Paris development project is expected to strengthen the Paris region’s attractiveness.
New York, Shanghai and Singapore complete the world’s top five attractive cities.