Moscow has joined the list of Europe’s top ten cities attractive for commercial property investors, Holger Mueller, head of real estate practice at PwC auditing company, said on Tuesday.
“Historically, Moscow resembled an outsider in the ratings of cities favorable for investment in the property sector but this year everyone says that the situation is changing radically,” he said.
Moscow ranks ninth in the rating after Istanbul, Munich, Warsaw, Stockholm, Paris, Hamburg and Zurich. Moscow has climbed from the ninth to the second place in terms of development prospects, from the 12th to the second place in terms of new acquisitions and from the 12th to the ninth place in terms of existing commercial properties, he said.
“This is no doubt good news, which also proves that the Moscow real estate market is becoming increasingly attractive for investors,” he said.