The world’s face is constantly changing and these changes are very often the result of human activity. Urbanisation of the world is one such major transformation; most importantly, it has been ongoing for ten thousand years.
Over 3.3 billion people are city dwellers today; for the first time ever, more people are living in urban areas than in rural areas. This trend towards urbanisation will not end in the next few years, as the reasons behind urban expansion persist.
However, there are not only strongly growing cities. In the industrialised countries, especially regions with poorer economic prospects are witnessing the decline of their cities. Demographic trends there suggest that more cities will have to expect falling numbers of inhabitants in future.
What will the next few decades bring? To what extent will megacities shape our lives? What challenges will people and institutions in the megacities face? How can we impact this process of shrinking? Where are attractive locations for investment in real estate?
For further reference see also URBAN AGE , an exciting series of conferences organised by the Alfred Herrhausen Society together with the London School of Economics . At the URBAN AGE conferences experts discuss the key problems of agglomerations. Significant insights and first solutions have been presented in a major publication.

Current study
European house prices: German cities still have potential – medium-term correction looming
Our analysis of 200 European cities shows that housing in Germany is too cheap rather than too expensive. However, state intervention in the market threatens to continue damping rent increases. Together with Germany's rapidly ageing population there is the threat of a market correction at the end of the cycle. The correction is likely to be more pronounced the longer the house price cycle continues....(go to page 18) [more]
Special study
Global Metro Monitor: the path to economic recovery
The Brookings Institution in Washington and LSE Cities in London have jointly unveiled a new report on the development of 150 cities around the world during and shortly after the economic recession. Deutsche Bank Research contributed to the content of report and the Alfred Herrhausen Society provided financial support. The report’s most important findings can be viewed on the Brookings Institution website and in the final report. A very clear shift in economic standing is taking place from the established markets (Europe and North America) to the new growth centres in Asia and Latin America. [more]
Copyright © 2017 Deutsche Bank AG, Frankfurt am Main