Only 3 European cities make Schroders top 30

Only London, Madrid and Paris made it into a top-30 cities ranking by fund manager Schroders, based on projected economic growth.

Beijing (pictured) came top of the Schroders Global Cities 30, which the firm’s property investment arm launched earlier this year and has now updated.

London climbed two places to come in 8th. The city – which is expected to exit from the EU following the Brexit vote – is still expected to thrive.

Paris came in at 12 and Madrid came in at 28 in the ranking which uses criteria such as workers’ skill levels, and quality of universities and infrastructure to project growth in the economies and disposable incomes in the cities over the next decade.

Hugo Machin, co-head of global real estate securities, said: “Chinese cities continue to grow at a rapid rate as the country industrialises. GDP and retail sales are growing quickly. The only one of the five factors that holds these cities back is disposable income but the rate of growth there is strong even if the absolute number is below peers.”

He added: “London has seen a small increase in the index. It still remains one of our favourite cities due to its highly skilled workforce, large tourist demand and cultural appeal and we believe it will continue to thrive.”

See the full list below:

Location

Country

Ranking

Beijing

China

1

Shanghai

China

2

Shenzhen

China

3

Tianjin

China

4

New York

United States

5

Los Angeles

United States

6

Dallas

United States

7

London

United Kingdom

8

Houston

United States

9

Chicago

United States

10

Washington

United States

11

Paris

France

12

Atlanta

United States

13

Sydney

Australia

14

Melbourne

Australia

15

Tokyo

Japan

16

Miami

United States

17

Toronto

Canada

18

Philadelphia

United States

19

San Francisco

United States

20

Singapore

Singapore

21

Hong Kong

Hong Kong

22

Phoenix

United States

23

Boston

United States

24

Seattle

United States

25

Nagoya

Japan

26

Minneapolis

United States

27

Madrid

Spain

28

San Diego

United States

29

Denver

United States

30


©2016 funds europe

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