According to a report just published by the real estate services company Jones Lang LaSalle, Istanbul is the city that developed most since 2010 from a as economic growth and performance, quality of life and the cost or accessibility of prices point of view.
Istanbul has consolidated its status particularly as a financial services provider and has always exceeded medium-size cities through its size and accessibility by sea, notes “The Business of cities in 2015” report which covers 200 cities.
Following Istanbul , Moscow, Mumbai, Seoul and Dubai are listed as the cities that developed most in last five years.
The report also ranked New York, London, Singapore, Paris and Hong Kong among the top five cities in the world. Tokyo, Zurich, Amsterdam and Sydney are following the top five.
According to the report, as companies expand and go global, spreading the risk curve, the second-tier cities and those that have not been addressed have a better chance to prove they can create and gain speed.
“The performance from Barcelona, Istanbul, Santiago and Seoul illustrates how cities change their position relative to the indicators over time,” the report concludes.