As the first city in the world to boast a population of over a million, London’s worldwide importance cannot be underestimated. The capital acts as a benchmark for other cities across the globe for economic prosperity, pioneering action in industry and engineering, political movements and exemplar education.
Greater London has a population of over 8.74 million, which is higher than the likes of New York City, Paris and Tokyo. Property prices in London have risen at a faster rate than any other region in the UK over the last decade and similarly, rents are rising at a faster rate than house prices.
Liquidity is a key factor when investing in London, with the average time to sell a property in London being far less than the rest of the country. London has been voted as the best city to live in across the globe, making London a hugely popular location for those opting for rented accommodation.
Investing in London is a great opportunity to be close to some of the best universities in the world. This is an attractive feature for overseas investors in particular to immerse their children in the rich historical culture that London has to offer as well as giving them the chance to be educated at such prestigious establishments.
Short facts on London
- Global Financial Centre no 2 after New York
- World richest ranked no 6th
- 3rd highest number of billionaires in the world
- World renowned University in UK