Despite having dropped some positions in the ranking, Lisbon is still in the top 10 of the best European cities to invest in real estate, according to a study conducted by PwC and Urban Land Institute. The Portuguese capital, which last year appeared at the top of the table, has been dethroned by the French capital, Paris.
According to the study, the French capital will be the star of real estate investment in Europe this year, thanks mainly to the urban project it is developing, known as "Grand Paris" - focused on expanding the city limits and creating new business centres, as well as new economic poles to encourage innovation. This project started a few years ago and will continue to be developed throughout this decade, with an estimated investment of over 30 billion euros.
Behind Paris is Berlin, one of the usual suspects among top-ranked cities, closely followed by Frankfurt. London is the 4th city on the list, having disappeared from last year's list. Madrid is the first Spanish name to appear in the ranking, occupying 5th place, after having fallen one position from last year and Barcelona is back in 9th place, after falling to 27th in the previous ranking.
Ahead of the Catalan capital are Amsterdam, Munich and Hamburg. Portugal's first and only addition to the list, Lisbon, rounds off this year's top 10, demonstrating that the real estate market in the Portuguese capital continues to be one of the most attractive for investors, beating Milan, Dublin, Brussels, Warsaw, Vienna, Luxembourg, Zurich, Stockholm, Copenhagen and Prague, these cities making up the top 20 respectively.
Here are the 10 European cities that will attract the most investment in 2020: