, Columnist
Boum! The Rebirth of Paris Has London Rattled
Office construction and foreign investor sentiment are edging ahead in the French capital.
Renaissance city.
Photographer: Bloomberg Creative PhotosThis article is for subscribers only.
Perception isn't reality, but it matters. A new EY survey has ranked Paris above London as the most attractive destination for foreign investment, for the first time since the accounting firm started doing yearly reports on the subject.
Grading cities is obviously an art rather than a science – this is more about sentiment than hard capital flows – and the same survey still had London ahead as a tech hub. The U.K. perma-bulls who believe Brexit will just be a historic blip should pay attention, nonetheless.