LONDON: A recent survey involving 485 real estate investors has revealed that the UK capital has fallen to 15th place, largely due to concerns about its exposure to the financial sector. The findings from a PricewaterhouseCoopers survey, released today, show that Moscow and Istanbul have now taken the lead over both London and Paris as the top cities for real estate investment prospects. This marks a significant shift; it is the first instance in the survey's five-year history that London has not secured a position in the top two. While Paris retains its place within the top five, ranking behind Hamburg and Munich, London’s notable decline sees it plummeting from a strong second position back in 2007 to a disappointing 15th this year. Respondents of the survey highlighted the importance of exploring new markets, contributing to Moscow and Istanbul topping the development prospects rankings. Notably, Moscow, despite its allure, was also cited as the most hazardous city among survey participants, followed closely by Athens and Budapest, underscoring the complex landscape of real estate investments today.