Munich, followed by Paris, have emerged as the two most attractive European cities for property investment for commercial real estate investors according to Jones Lang LaSalle’s Investment Management’s eleventh European Regional Economic Growth Index.
 
Formerly number one in the list, London remained in the top 10 but came behind other northern European cities such as Stockholm, Oslo and Luxembourg.
 
The report conflicts with the opinions of many institutional investors who have been piling into the London market buying huge swathes of real estate while turning their backs on property opportunities in other European cities.

The study is based on a range of indicators, ranging from relative wealth, growth levels and business across 98 European cities. It aims to identify the cities in greatest demand among occupiers and investors over the medium term.

Dublin fell from fifth place to 73rd place.

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