The London real estate market has been wildly soaring in the last couple of years as the city has seen vast inflows of foreign money — particularly from the Middle East, the former Soviet Union and China — with foreign investors last year buying 70 percent of new housing stock in central London.
The real estate market in London is so hot that even a parking garage in central London can fetch as much as a luxury home outside London.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The Week Unwrapped: Why are sinkholes becoming more common?Podcast Plus, will Saudi investment help create the "Netflix of sport"? And why has New Zealand's new tourism campaign met with a savage reception?
-
How Poland became Europe's military powerThe Explainer Warsaw has made its armed forces a priority as it looks to protect its borders and stay close to the US
-
Quiz of The Week: 15 - 21 FebruaryHave you been paying attention to The Week's news?
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
