Want to take a risk when investing in real estate? Try these cities.
The research analyzed which global hubs would be able to withstand or embrace technological, demographic and political disruption. New York was named the world's most resilient city, followed by Tokyo, London and Los Angeles.
The research also highlighted eight "challenger cities" that were forecast to make the top 50 by 2028 by jumping at least 10 places up the index. The report predicted that within a decade, China will occupy 43 positions in Savills' Top 100 Resilient Cities ranking. No U.S. or European hubs were given the challenger city status.
Speaking to CNBC's "Street Signs Europe" Wednesday, Sophie Chick, head of world research at Savills, said all eight challenger cities had rising personal wealth, rapid economic growth, and favorable demographics.
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