Britain


London named as most dynamic city in Europe despite Brexit

by Ray Clancy on June 27, 2017

Career expats looking to live and work in a dynamic city in Europe should look to places such as London, Paris, Cambridge, Amsterdam and Berlin, according to new research.

These five cities have been named by Savills Investment Management (Savills IM) as the top dynamic cities in Europe in a new index that accesses economic growth, technology, population and wealth trends.

(IR Stone/Bigstock.com)

The report puts London at the top of the index due to its range of knowledge-based industries, infrastructure investment, population growth forecasts and diversified workforce, and predicts that London will remain the pre-eminent European city despite short term turbulence from Brexit and recent political developments.

Northern European cities dominate the top 10 with Munich in sixth, followed by Dublin, Stockholm, Edinburgh and then Zurich. At eleventh Madrid was the highest ranked Southern European city, with Barcelona at 17th, Rome at 32nd, Milan 34th and Istanbul 39th also featuring in the top 40.

The report says that top performing cities have ambitious infrastructure investment projects, fast growing knowledge networks, high quality universities, innovative businesses drawing from a global talent pool and strong cultural amenities to help retain that talent.

‘Europe’s most dynamic cities are future proofing themselves by creating environments that encourage the growth of a knowledge economy, which will increasingly drive wealth creation,’ said Kiran Patel, chief investment officer at Savills IM.

He pointed out that size isn’t everything. ‘Some super cities such as London and Paris are consolidating their already dominant positions, but smaller cities such as Cambridge, Edinburgh, Dublin and Stockholm are well positioned to grow in influence over the coming years and are likely to become increasingly attractive locations for property investment,’ he added.

In addition to being the top ranked city overall, London holds the lead spot within the innovation, interconnection, infrastructure and investment categories. London’s strong human capital is forecast to continue to expand, the report says.

Paris is described as second only to London with a diverse international investor base while Cambridge, the smallest city in the top five, has the largest technology cluster in Europe and is supported by world renowned Cambridge University.

Amsterdam, the commercial and financial centre of the Netherlands, is also noted for its thriving tech and start-up community while its seaport and international Schiphol airport make it a major national and international distribution hub.

The report says that Berlin continues to attract younger generations, in particular due to its globally renowned universities, comparatively low cost of living, creative and cooperative working environment and cultural diversity. The more recent high-tech and service-sector boom has led to dynamic economic growth associated with a notable decrease in unemployment.

Berlin’s population is forecast to grow 8% by 2030, and average GDP growth is forecast at almost 2% per annum until 2030.

{ 0 comments }

Thumbnail image for Expats hope their future is a top priority as Brexit talks begin

Expats hope their future is a top priority as Brexit talks begin

June 19, 2017 Britain

As the official talks on Brexit get underway between the UK and the European Union, calls continue for the future of expats across the region to be a top priority. Expats in the UK are concerned about their future in terms of pensions, healthcare and tax, while EU citizens living in Britain are also worried […]

Read the full article →
Thumbnail image for Expat job seekers put off the UK and the US due to political and economic uncertainty

Expat job seekers put off the UK and the US due to political and economic uncertainty

May 30, 2017 America

Expat job seekers are shunning the UK and the United States and looking to Australia, Canada and Asia, probably due to political and economic uncertainty, new research suggests. With the UK in the process of leaving the European Union and no clear indication yet on what this will mean for the rights of expats, fewer […]

Read the full article →
Thumbnail image for EU students still able to access UK funding for universities

EU students still able to access UK funding for universities

May 15, 2017 Britain

Students from the European Union will still be eligible for financial support if they are applying for a university course beginning in the 2018/2019 academic year even although it finishes after Brexit. The British Government has confirmed that EU students will continue to remain eligible for undergraduate, master’s, postgraduate and advanced learner financial support. Under […]

Read the full article →
Thumbnail image for Majority of British expats say they would never move back to the UK

Majority of British expats say they would never move back to the UK

May 9, 2017 Britain

Seven out of 10 British people living abroad would never move back to the UK but they have not cut the ties completely with 72% regularly sending money back, a new survey has found. The actual poll does not give reasons why they are happy being expats but hint that some of the reasons are […]

Read the full article →
Thumbnail image for Young people in the EU see the UK as less attractive since Brexit vote

Young people in the EU see the UK as less attractive since Brexit vote

December 26, 2016 Britain

Young people in some countries in Europe believe that the UK is less attractive since its decision to leave the European Union, but it in the rest of the world it is seen as having a growing reputation, a new poll has found. Initial results of the survey of nearly 40,000 people aged between 18 […]

Read the full article →
Thumbnail image for UK pensions changes set to affect British expats

UK pensions changes set to affect British expats

December 13, 2016 Britain

British expats who are concerned about their pension investments when the UK leaves the European Union need to be aware of new changes announced by the Government, particularly if they are planning to move back. UK Chancellor Philip Hammond has confirmed that Qualifying Recognised Overseas Pension Schemes’ (QROPS) tax rules will become more closely aligned […]

Read the full article →
Thumbnail image for British expats find their health improves when they move abroad

British expats find their health improves when they move abroad

December 12, 2016 Britain

Most British expats believe that moving abroad has resulted in an overall improvement in their health, new research has found. Some 61% believe that their physical health has improved and 64% think their mental health is better than it would have been if they had not made the decision to go for a new life […]

Read the full article →
Thumbnail image for EU citizens want to stay in the UK after Brexit

EU citizens want to stay in the UK after Brexit

December 5, 2016 Britain

Brexit has created a time of uncertainty for expats across Europe and it would seem that most want to stay where they are and are willing to change their status to do so. In the UK there are millions of citizens from other European Union countries who have been working and living in the country […]

Read the full article →
Thumbnail image for British expats set to get rights to continue working and living in EU nations

British expats set to get rights to continue working and living in EU nations

November 24, 2016 Britain

The impact of Brexit on British expats based in European Union, particularly their rights to live and work, has been a major worry for many, but now it looks as if they will be allowed to remain without too much change. Many had feared they would have to move back to the UK when Brexit […]

Read the full article →
Thumbnail image for Learning foreign languages even more important for Brits following Brexit

Learning foreign languages even more important for Brits following Brexit

November 23, 2016 Britain

British people should be encouraged more to improve their language skills as these are set to be more vital than ever if the UK is to remain outward looking and open for business in a post-Brexit world. A survey by the British Council, which represents British cultural issues abroad, found that the majority of those […]

Read the full article →
Thumbnail image for British expats looking to buy investment property thanks to falling currency

British expats looking to buy investment property thanks to falling currency

November 21, 2016 Britain

British expats are taking advantage of the fall in Sterling since the UK voted to leave the European Union and buying property back home as an investment, research suggests. One lender who specialises in mortgages for British expats has recorded an 80% increase in mortgage applications from people living abroad. They want to buy a […]

Read the full article →
Thumbnail image for British expats will be able to vote in next general election scheduled for 2020

British expats will be able to vote in next general election scheduled for 2020

November 3, 2016 Britain

British expats will have the chance to vote in the next general election with official confirmation that the necessary legislation will be delivered for the vote due to be held in 2020. However, should a snap election be called, which could happen for a number of reasons, including the fact that the current Prime Minister […]

Read the full article →