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Property in London

London is among one of the most popular cities for young professionals to work in, which leads to a strong position in the local rental market. In general, vacancy rates of London stand at 2.2% due to a shortage of homes. At the same time, London private rental prices rose by 2.5% in the 12 months to August 2022, making it the strongest yearly surge in the UK capital since October 2016, according to the Office for National Statistics (ONS). As revealed by Statista, a German company specializing in market and consumer data, local rental prices are forecast to increase by a whopping 22.2% between 2022 and 2026.

Lifestyle in London

London is also one of the world’s 4 main fashion capitals, with London Fashion Week taking place twice a year in February and in September. Shopaholics will be keen to learn that there is the largest department store in Europe; Harrods, which is located in Knightsbridge. Another element the dynamic metropolitan city is known for is football, as it houses the most football clubs of any city in Europe, with 10 teams in the top 2 English leagues.

London houses 100+ theaters, around 200 museums, 15,000 restaurants and dozens of iconic attractions, such as The Tower of London, Warner Bros. Studio Tour London and many more, and more than 40% of the British capital is taken up by parks. That being said, according to the latest edition of Tripadvisor Travellers’ Choice Awards, London has been crowned Europe’s most popular destination for 2022.

Villa for sale in London

Not forgetting that there are over 3,500 pubs and bars around the city, where you can relax and socialize with your friends. In addition, when living in London, you have the opportunity to indulge in 87 Michelin star restaurants, including Alain Ducasse at The Dorchester, The Araki and Restaurant Gordon Ramsay.

Last but not least, London is home to some of the world’s most prestigious universities and, as a result, has one of the highest student populations of any city. Imperial College and UCL are ranked in the top 10 worldwide, and in total there are 33 universities across the UK capital.

Need more info on properties for sale in London?

Based on the figures collected from over 4,500 data sources, there were 350,980 properties for sale in London, as of Q1 2022. It is worth noting that 4 out of 5 units available on the market right now are apartments, and there is a lack of detached houses. Such a tendency is due to the ongoing demand for larger properties with a garden and an extra bedroom that can serve as a home office.
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