LaSalle European Cities Growth Index: London and Paris set to account for more growth than Europe’s next nine top cities combined
London leads as Europe’s top city for projected real estate occupier demand, followed by Paris, according to this year’s edition of the European Cities Growth Index (ECGI), published by LaSalle Investment Management.
Owing to their large metropolitan areas and ability to adapt to changing macroeconomic conditions, these top two drive unparalleled growth compared with the other European cities in the index, generating more than 30 percent of all economic output in their respective countries and are forecast to single-handedly account for a sixth of European absolute growth in the next decade.
Paris has, however, overtaken London as the top destination for venture capital funding for the first time since LaSalle began tracking this data in 2006, receiving particularly elevated levels of investment into its technology sector.
The index registered strong growth prospects for the entire Nordic region. The region's world-leading exporters in industries such as lif