Europe’s rising powers in real estate investment are documented in two different surveys, which capture the momentum of cities with returns that rival or even surpass the “traditional market leaders” such as London, Paris and Madrid.

The first survey is based on comparative data compiled by international property research company Global Property Guide on apartment rental yields, relative to their purchase cost.

In this survey, cities such as Riga in Latvia and Podgorica in Montenegro benefit from moderate – compared to other European capitals – market prices, combined with increased demand for housing.