London has been ranked as the most ‘dynamic’ city in Europe by Savills Investment Management (Savills IM) despite Brexit worries. Paris, Cambridge, Amsterdam and Berlin completed the ‘top five’ list.
The ranking is based on the cities’ infrastructure investment, population growth forecasts and its ability to attract talent.
Savills IM’s Dynamic Cities index analyses and ranks 130 European cities using 60 indicators across six categories: Innovation, Inspiration, Inclusion, Interconnection, Investment and Infrastructure.
The index provides a score for each city out of 100, with the overall score encompassing the balance of performance across all categories and taking into account both current and projected data.
The top 10 list was dominated by Northern European cities with Munich, Dublin, Stockholm, Edinburgh and Zurich occupying 6th, 7th, 8th, 9th and 10th positions, respectively.
Madrid (11th) was the highest-ranked Southern European city, with Barcelona (17th), Rome (32nd), Milan (34th) and Istanbul (39th) also featuring in the top 40.
The report also forecasts that London will continue to be the pre-eminent European city despite current political developments.
Savills IM CIO Kiran Patel said: “Europe’s most dynamic cities are future-proofing themselves by creating environments that encourage the growth of a ‘knowledge economy,’ which will increasingly drive wealth creation.
“The report shows that size isn’t everything: while some ‘supercities’ such as London and Paris are consolidating their already dominant positions, smaller cities such as Cambridge, Edinburgh, Dublin and Stockholm are well positioned to grow in influence over the coming years and are likely to become increasingly attractive locations for property investment.”