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.
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
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
