Undeniably, London is one of busiest residential real estate markets not only in Europe but also globally. With a population of nearly ten million, the megacity is the second biggest financial center in the world after New York, proving its attractiveness to investors, talent, commerce, arts, and culture. Housing in London is substantially more expensive than in any other region in the United Kingdom (UK). Homebuyers in 2023 spent on average 215,000 British pounds above the national average for their first home or more than double what a property in West Midlands would cost them. Similarly, renters paid on average 800 British pounds more to live in the capital than the country average.
