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London is Europe's best destination for new property acquisitions, the results of a survey conducted by PricewaterhouseCoopers (PwC) showed on Monday.
The survey report said investor sentiment regarding London "improved significantly" from 2009, due primarily to a market correction led by an infusion of funds from the Middle East and Asia. The city was ranked fourth in 2010 for investment in existing properties.
Munich and Hamburg were ranked by the report as the top two prospects in 2010 for property already owned, with the broad nature of the German economy making it favorable for investment and development activity. Paris pipped London to third.
Other cities rounding out the top ten for existing property performance prospects were Vienna, Milan, Istanbul, Berlin, Rome and Frankfurt.
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