Paris steals London’s crown as Europe’s top property market

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Paris steals London’s crown as Europe’s top property market

London has lost its spot as Europe’s top real estate market in the wake of the EU referendum.

A leading index of Europe’s most promising property hotspots found Paris has knocked the capital into second place for the first time in four years with the London market looking set for a bumpy ride as the UK buckles down for a dose of Brexit uncertainty.

French and German cities climbed higher in the rankings as their economies outperformed and labour market reforms in France helped push unemployment down, boosting consumer demand and stoking the property market.

 

Rank City Change from 2015
1 Paris + 1
2 London – 1
3 Stockholm + 1
4 Munich + 3
5 Luxembourg No change
6 Istanbul – 3
7 Dublin + 5
8 Madrid + 3
9 Stuttgart No change
10 Oslo – 4

 

 

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