Investing in ‘winning cities’: skip office in favor of retail, residential
As the world becomes larger and more populated, investors flock to growing cities, to where the people are, to where the money is. Aberdeen Asset Management recently published a report breaking down these cities into seven categories that reveal where the strongest investment opportunities lie.
The report, How to Invest in Property in Global “Winning Cities,” by John Danes, head of continental European property research at Aberdeen, looked at each city’s population growth, aggregate income, gross domestic product, projected growth, quality of life, infrastructure, transparency/investability and supply constraints. This analytical breakdown revealed 96 “winning cities” in 80 countries. London was No. 1 overall, with New York City and Paris ranking second and third, respectively. Once the top markets had been identified, the results were broken down by property type.
While the majority of investors tend to gravitate toward off