With an official population of 7 million, London is the largest city in the United Kingdom and one of the most populated cities in Europe, with more international visitors per day than any other world city. There are more than 300 languages spoken within the city and being the host of the 2012 Olympics for the third time reflects London’s diverse and multicultural surroundings. more
The property market in the region of greater London is the most prosperous and highly demanded in the United Kingdom. The average buying price for a house in London stands at £460,000. The cities borders are constantly expanding and so are the amounts of properties that are being built.
London’s property prices vary highly depending on the area. Prices can vary from an average of£220,000 in the East London region to £800,000 in the Westminster area. Due to the difficulty of getting onto the London property ladder, many people are opting for flat share and renting. Average rental prices stand at £700 per month while flat share at £520 per month.
Boroughs such as the City of Westminster and Kensington & Chelsea attract more up market buyers. Average house prices in these two boroughs lies around £800,000. Areas such as Fulham, Putney, Clapham and Camden offer a cheaper alternative and attract much more students and young professionals trying to get onto the property ladder. Towards the eastern part of the capital, areas such as Greenwich and the borough of Southwark offer an even cheaper alternative.
Average property prices may be higher in London, but the prices reflect the higher average wage levels and the fact the London has the highest GDP of any European city. More than 100 of Europe’s top 500 companies including Barclays, HSBC and RBS operate in London with a major headquarter.
The most popular landmarks of London include the Buckingham Palace, the Houses of Parliament, Big Ben and the Westminster Abbey. Further areas of interest and attraction in London include Oxford Circus and especially Oxford Street, which is a key shopping area with a unique shopping experience. Leicester Square and Soho also provide a vibrant club/bar scene with a lot of entertaining and pleasurable night-time activities.
|Largest County City:||London|
|Population density:||4,932 / km²|