German cities dominate the investment prospects for Europe’s commercial real estate sector as investors continue to favor safe haven locations, according to Emerging Trends in Real Estate® Europe 2013, a real estate forecast published jointly by the Urban Land Institute and PricewaterhouseCoopers.

The ranking of 27 cities across Europe, based on respondents’ expectations for market performance in 2013, sees Munich top the league table, followed closely by Berlin in second place and Hamburg in fifth position. Investors took comfort from each of the cities’ strong local micro-economic climate and resilient property market conditions.

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