Istanbul rises in ULI/PwC city ranking

Istanbul has ousted London as the top spot for new acquisitions in the ULI/PwC Emerging Trends in Real Estate 2011 report, moving up from 5th place a year ago. It also ranks number one again for development and has moved up from 7th place to number two behind Munich for existing property acquisitions, reflecting a belief the city will be less affected by the economic problems facing the rest of Europe.

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