Think Cities

The independent think tank Centre for Cities’ report Trading Places, looks at the critical role of cities in building out the UK’s industrial strategy. The key message is that the UK needs to promote high skill exports, typically located in cities, in order to boost productivity. The report calls on government policy to make it easier for people with high skills to concentrate in cities (known as ‘agglomeration’ to policy wonks) by reducing housing, transport and congestion costs. For real estate investors, the implications are clear: large cities offer high growth in the short term which should boost values and durable growth in the long term which should sustain them. If ever there was a one way bet, provided you choose the right advisor (of course).