Manchester put at top of property investment list

Jones Lang LaSalle have named Manchester one of the top 20 cities for property investment, placing the city in 15th place - ahead of Paris, Beijing and Milan

Related topics:  Property
Warren Lewis
5th December 2012
Property
Apart from London, Manchester was the only UK city to come within the top 50 global destinations.

Rosemary Feenan, director at Jones Lang LaSalle's global research team commented:

"Manchester's future will be dictated more by what it does to compete with other international cities such as Lyon, Boston or Vancouver, rather than other UK cities," she said. "An interesting real-life lesson can be seen in Latin America where Santiago's so-called 'Chilecon Valley' is trying to exploit the US' tough immigration rules with streamlined visa applications and grant funding to establish a rival destination for tech-entrepreneurs to California's Silicon Valley."

David Lathwood, director and head of Jones Lang LaSalle in the North West pointed out that Manchester needs to develop its infrastructure and quality of life as well as increase its international trade links in order to remain competitive.

Rosemary Feenan agreed, concluding:

"Trade alliances and the opportunities for its businesses in both emerging economies and established global economic superpowers like China will be vital to attracting future investment."

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