However, some regions and cities are forecast to remain youthful, underpinning demand for student and multifamily accommodation.

We have identified the places across Europe that in five years’ time will be particularly ‘youthful’ (the largest share of people aged 20-39) and those that will be the most ‘aged’ (65+).

These two groups are not mutually exclusive. Germany may be home to the most ‘aged’ cities in Europe, but it is also home to the second largest number of youthful cities. Scale is a factor too. The number of 20-39 year olds in Berlin, for example, is smaller only than London and Paris.

_{Read the articles within Report: Global Living – 2021 below.}