Posted by meb at March 20th, 2008

Europe’s 500 leading real estate investors have selected Russian capital of Moscow and Turkish metropolis of Istanbul as the most suitable cities for real estate and contracting business investments.

According to a research conducted by PricewaterhouseCoopers and Urban Land Institute, Istanbul, which was at the 11th place in the “Emerging Trends in Real Estate in Europe” list in 2007, was ranked the 2nd this year.

German cities of Hamburg and Munich followed Istanbul in the ranking.

Meanwhile Moscow, which was ranked 19th in 2007, was selected the most suitable city for real estate investments in 2008.

source: The New Anatolian

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