Schroders’ Global Cities Index, now in its fifth year, ranks the economically strongest cities for global real estate investing based on three proprietary categories: the Economic Impact Score (EcIS), the University Impact Score (UIS) and, for the first year, the Environmental Impact Score (EIS). The UK’s financial centre continues to attract multi-national companies, is home to outstanding universities and received a good EIS. London holds on to its number two position, despite Brexit concerns. But its overall score slipped because of a mediocre Environmental Impact Score (EIS).ĮIS was introduced this year to quantify which cities have the lowest environmental impact.
Los Angeles (LA) retained its position at the top of the index for the fourth year in a row. Poor air and water quality saw Beijing fall 11 places to 19 and Shanghai fall 13 places to 20. Environmental issues cost Chinese cities Beijing and Shanghai their places in the top ten of Schroders’ Global Cities Index.
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