While the exact magnitude of COVID-19 and its effect on the real estate investment market still remain uncertain, some European cities are already emerging as more resilient than others, according to Savills.
Using nine different metrics, from liquidity to the handling of the current crisis, London, Paris, Berlin, Stockholm and Frankfurt make up the international real estate adviser’s top five most resilient cities. These cities are expected to recover faster than others while continuing to see significant levels of real estate investment.
Marcus Lemli, CEO Germany and head of investment Europe at Savills, said, “While established cities such as London, Paris and Berlin all feature in our top 10 list of resilient cities, investors’ flight-to-safety is the theme that really stands out for me. With four cities in the top 10, Germany’s status as a safe haven for investors could be enhanced due to the COVID-19 crisis. Furthermore, we believe that smaller markets su
