In the "Emerging Trends in Real Estate Europe 2013" report, Istanbul was chosen as one of the most preferred cities, and it comes into prominence as the city with the highest investment prospects. Emerging Trends in Real Estate Europe 2013” was compiled by PwC and Urban Land Institute, and it covers the latest developments in the real estate market. Outcomes of the report illuminate the real estate sector in Europe and also guide new investors. According to the report, in an unstable European economy, the real estate sector is giving more positive signals than any time since 2008. Another significant point the report underlines is that investors are looking at the profitability of cities other than the names in Europe real estate markets where optimism initially prevailed. According to the outcomes of the research, Munich, Berlin, London, Hamburg, Paris, and Stockholm received the highest ratings for city investment prospects. The emerging cities Istanbul and Moscow also score highly. Istanbul was ranked highest for city investment prospect in last year’s report, and it now is as prominent as Munich when it comes to expectations regarding the amount invested. HAMBURG Interest of investors in the second largest city in Germany arise from city`s safety zone feature. Hamburg trades among a rich variety of small sized and medium sized businesses as well as with global players. Investors prefer offices, with 4.75 percent earnings. This is actually its lowest level since 2002 since they are willing to pay premium prices given the relative market stability. However, due to limited office vacancy, it is becoming increasingly difficult to obtain interesting properties, and some investors are switching into the city`s industrial sector. LONDON Due to its safety characteristics, England's capital city is now one of the best rising cities in the broad 2013 search. Even though there are speculations on whether the recovery of value is complete or not, many investors are hunting for high quality houses or targeting the underexplored private rent sector for more micro market opportunities. City and Canary Wharf are still attracting private investors, but as the sector sheds jobs, there is no expectation for new financial service offices. Especially the city's expanding technology and creative industries hold potential. MUNICH As investors hunt for dependable cities with economies that can shoulder headwinds, Munich's strong, liquid market has them won over investors. The city is a mixture of global and medium-sized businesses, and its job market is growing in fields like biotechnology, environmental sciences, and media. With low office vacancy rates, investors are confident that this, combined with supply constraints, will lead to rental growth in 2013. Also the rapid increase in visitors from the emerging BRIC states gives Munich's retail market a positive outlook. BERLIN With over 15 thousand technology companies with a combined annual turnover of 19 billion euros, the city is a technology center known as Europe's "Silicon Valley" by many people, and its reputation is growing. The influx of skilled IT employees into the city has enlivened the housing market. Particularly in neighborhoods such Mitte, sizable increases in rent and the market segment for, inner city luxury apartments is growing. Berlin's reputation as a cultural center provides many visitors who use both the apartment and hotel sector. İSTANBUL While the other cities in the top five ranking attract investors with their ports, safety features, Istanbul remains the most popular city all around with its future development opportunities. The thrilling real estate potential of the city, Turkey's growth rate (that even competes with China), and the young population are the features that put Istanbul a step ahead of the others. Recent changes to ease restrictions on foreign ownership of Turkish real estate have created a significant boost of expectations regarding the country's real estate investments, as also stated by Turkey's Association of Real Estate Investment Companies (GYODER).