London in Numbers
The current metropolitan area population of London is 9.7 million in 2024, showing an increase of 1.04% compared to 2023. London is one of the most important and influential cultural, economic, and financial centers in the world. As the capital and largest city of the United Kingdom, London is situated on the banks of the River Thames.
Throughout history, London has continuously grown and hosted civilizations from the Roman Empire to the present day. It is a cosmopolitan city that brings together the diverse cultures, languages, and traditions of people from all around the world.
Some of the city's iconic landmarks, such as the Tower of London, Tower Bridge, Buckingham Palace, Westminster Abbey, and Big Ben, are among the places that attract the most interest from visitors. London is also known for its world-famous museums, theaters, shopping centers, and restaurants. For the second consecutive year, London has topped the list of the best cities in Europe, securing the number one spot in the field of culture.
Economically, London is one of the largest financial centers in the world. The city hosts the headquarters of many international companies (HSBC, BP, GSK, Barclays, Vodafone, BAT) and serves as a crucial hub for global trade.
London is home to some of the most prestigious universities in the world. Some of these universities include:
• University College London (UCL), the largest university in London in terms of student population, is a globally recognized research university.
• Imperial College London, known for its strong reputation in science, engineering, medicine, and business, and hosts a large international student community.
• King's College London, specializing in fields such as medicine, law, social sciences, and humanities, is one of the largest universities in London.
London is known for having a large student population. In addition to those enrolled in universities and higher education institutions, there are many students attending language schools and other educational establishments.
London's transportation system is highly developed. The London Underground (Tube) is the oldest and one of the largest metro systems in the world, with nearly 5 million people using it daily. Other public transportation options, such as buses, trains, and trams, are also widely used throughout the city.
London's cultural and historical richness, combined with its dynamic and diverse population, makes the city a global attraction. According to an official report, the capital of the United Kingdom, London, has surpassed cities like Paris, New York, and Tokyo to rank at the top in terms of both livability and desirability.
Developments in London
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Total Return of Investment
%11
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Rental Yield
%6
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Annual Capital Growth
%5
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Completion
November 26
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Total Return of Investment
%9
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Rental Yield
%6
-
Annual Capital Growth
%3
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Completion
January 27
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Total Return of Investment
%7.7
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Rental Yield
%5.7
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Annual Capital Growth
%2
-
Completion
July 24
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Total Return of Investment
%8
-
Rental Yield
%5
-
Annual Capital Growth
%3
-
Completion
March 24
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Total Return of Investment
%9
-
Rental Yield
%6
-
Annual Capital Growth
%3
-
Completion
October 22
-
Total Return of Investment
%11
-
Rental Yield
%6
-
Annual Capital Growth
%5
-
Completion
November 26
-
Total Return of Investment
%9
-
Rental Yield
%6
-
Annual Capital Growth
%3
-
Completion
January 27
-
Total Return of Investment
%7.7
-
Rental Yield
%5.7
-
Annual Capital Growth
%2
-
Completion
July 24
-
Total Return of Investment
%8
-
Rental Yield
%5
-
Annual Capital Growth
%3
-
Completion
March 24
-
Total Return of Investment
%9
-
Rental Yield
%6
-
Annual Capital Growth
%3
-
Completion
October 22
London is one of the world's leading cities for real estate investment for many reasons. Research shows that property values in London boroughs are expected to increase by up to 13.9% over the next five years.
Why is real estate investment in London a good option?
Strong and Diverse Economy
London is one of the world's largest financial centers and is home to many international companies. This contributes to the city’s stable economy and helps keep the real estate market robust. The UK's gross domestic product (GDP) is estimated to have grown by 0.6% in the first quarter of 2024 (January-March), following declines of 0.3% in the fourth quarter of 2023 (October-December) and 0.1% in the third quarter (July-September).
Global Demand
London boasts a rich and diverse population from all around the world. This ensures a consistently high demand for real estate, offering attractive rental yields for investors. Reports suggest that buy-to-let properties in London are expected to perform best in the UK housing market, with returns estimated between 8.5% and 9.2% annually from 2024 to 2028. This indicates an opportunity for investors to profit from this housing.
Return on Investment
I. Rental Income: London is a highly sought-after city globally, and rental yields can be quite competitive. Investors can achieve high returns from rental income. Rents across London increased by 0.3% in the first three months of the year, marking an improvement compared to the marginal decline of -0.1% in the fourth quarter of 2023. Significant growth was seen with increases of 17.7% in London and 23.9% in regional markets. Over the period of 2021-2023, prime residential property rental values in London increased impressively by an average of 23.1%. To put this into context, this was the strongest three-year growth period in rents seen in a quarter of a century.
II. Capital Appreciation: London has a consistent trend of increasing property values. The city is regarded as a prestigious location worldwide, driving property prices higher. The London real estate market has seen an approximate 46% increase in average house prices over the past decade.
Secure Investment Environment
For many investors, the UK's robust legal system and the protection of property rights make real estate investments in London a safe choice.
Excellent Transport Infrastructure
London is equipped with advanced public transport systems. A well-developed transport network can increase the value of real estate and make it more attractive to tenants. Several major projects are ongoing or planned in London. Here are some key London projects:
I. Crossrail (Elizabeth Line): The Crossrail project is a new railway line extending from the east to the west of London. Known as the Elizabeth Line, Crossrail will significantly improve London's transport infrastructure and connect different parts of the city more efficiently.
II. New Bridges Over the Thames: Several new bridge projects are planned along the Thames River. For example, a bridge is planned between Canary Wharf and North Greenwich in the eastern Thames.
III. Euston Station Renovation Project: As part of the HS2 high-speed train project, London’s Euston Station is being redesigned. The renovation project will increase the station's capacity, reduce travel times, and enhance the overall transport network.
IV. Silvertown Tunnel: The construction of the Silvertown Tunnel is planned between Greenwich and Newham in the eastern Thames. This tunnel will improve traffic flow and contribute to the development of East London.
V. Brent Cross Redevelopment Project: A major redevelopment project is planned in the Brent Cross area. The project will include shopping centers, housing, parks, and transport infrastructure, enhancing the overall appeal of the area.
Government Incentives
The UK government offers various supports and tax advantages to encourage real estate investments. There are numerous benefits available, especially for first-time home buyers and investors.
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