London has risen in the ranks according to reports by PricewaterhouseCoopers and Urban Land Institute. Listed as Europe’s most popular location for new property acquisitions for property investors in 2010, the fact that the UK’s property market has recently experienced easing credit and stabilising property prices has vastly improved its overall real estate industry.

In PricewaterhouseCoopers report, London was voted the 5th best place for new developments – up 18 places from last year – and 4th best place for investment performance for existing properties…

It is undeniable that recent improvements to the UK’s economy, has quickly reflected itself in its standing against the rest of the world’s property investment sector.

According to a survey by AFIRE, London was considered the top destination for commercial property investment, bypassing Washington D.C. and New York in the process.

Discussing their report PricewaterhouseCoopers revealed of the 600 companies surveyed they mainly consisted of investors, property developers and bankers.

Other countries to rank high as top investment targets included Munich, Hamburg, Paris and Istanbul.

However, despite this positive repositioning of the UK property market, property advisors still believe that there is still a long way to go before the property market is fully recovered.

Depending on how Europe’s property values recoup against global competition and how banks choose to refinance hundreds of billions of Euros worth of real estate, this interest boom could still be short-lived.

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