London has been rated the top European city for commercial property occupiers and investors in a comprehensive survey of the region.

London has built on its position as the leading European city this year owing to strong employment growth in the financial sector, according to the ninth European Regional Economic Growth Index published today.

The annual report adds that London's “much maligned infrastructure” is already benefiting from work for the 2012 Olympics.The research, which was conducted by LaSalle Investment Management, a global real estate fund manager, also says that European real estate is set to shrug off the worst effects of the credit crisis.

The survey analysed the relative sizes, growth levels and business activity of 91 European cities. It identifies those expected to be in greatest demand among occupiers and investors over the medium term.

London remained top for the second year in a row. Paris, which was second last year and first the year before, has now been overtaken by Munich.

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