‍Shanghai has become the top city in China for real estate investment in the Asia-Pacific region in 2016's fourth quarter, according to figures published by real estate consultant firm, JLL. 

Thanks to a steady stream of transactions at the end of the year, it ranked number five globally as a real estate investment market in 2016, with New York at number one followed by London, Los Angeles and Paris.

Shanghai’s strong performance was driven by a number of high profile transactions.

 “With political upheavals, such as Brexit and the surprising US election result, an increasing number of investors are looking at opportunities in the Asia-Pacific region, and specifically China,” said Joe Zhou, JLL’s head of research for east China.

“Domestic capital was the main driver of real estate transaction volumes in 2016, with domestic investors often outbidding foreign investors in many transactions. We believe that China, particularly Tier 1 cities, remains attractive to foreign investors as the market matures.”