Savills has revealed its top ten European hot spots as investors divide into security hunters and risk takers.

The international real estate advisor has analysed leasing trends and prospects, the state of the development pipeline and investment pricing to reach its recommendations for 2010 and 2011.

Giles Wilcox, Savills Head of European Cross Border Investment, says: "2010 is differentiating itself already from 2009 with investors slowly but surely looking higher up the risk curve, as rentals in certain prime sectors start to stabilise and quality stock remains scarce. Buyers are polarised between the risk averse and the risk embracers, with development again on the agenda. Timing will be everything!"