60 seconds on the importance of universities to global cities
Tom Walker discusses the latest Schroders Global Cities Index and the importance of universities in real estate investing.
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We’ve recently released the latest edition of the Schroders Global Cities Index and we’ve introduced one new factor, which is universities.
We think that it is essential that you have world class universities in your city, contributing to the vibrancy and growth of that city’s economy.
The latest edition of the ranking sees a number of very strong Asian cities like Shanghai and Hong Kong continue to be in the top 10.
Then we’ve got other strong cities over in the West; the coastal cities in the US such as Los Angeles and Boston are really dominating the top spots.
In terms of our outlook, we continue to believe that both these strong eastern and western cities will dominate the Schroders Global Cities Index.
This is due to both the size and scale of these cities from the demographic point of view, as well as the wealth being generated in these cities. This is what we think is key for real estate rental growth, which is really the nirvana for real estate investment.
Click here to find out more about the latest update to the Schroders Global Cities Index.