Moscow real estate beat Paris for the title of Europe's top market in terms of investment appeal and growth potential, according to a survey presented at the 19th edition of the MIPIM international real estate projects exhibition that opened in Cannes on March 11, investor.bg reported.

Rental market’s robust growth and rising supply of residential and retail space have turned the Russian capital into a tempting place for investment, offering a rich gamut of development opportunities, according to a study on the trends in European real estate, conducted by consultancy companies Urban Land Institute (ULI) and PricewaterhouseCoopers.

Last year’s winner, Paris, dropped to fifth with regard to attracting investment perspectives and sixth with respect to development potential. London, which ranked first in previous years, rated 15th in terms of attracting investment perspectives and 13th with respect to development potential.

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