What Is The Best Thing About South London Estate Agents? With a population of over 8.6 million, London is a densely populated metropolis with multi-ethnic residents from all over the world. As the economic, political and cultural center of the UK, this city attracts a large number of Britons and foreigners, despite their high cost of living and higher average house prices than other parts of the UK.
Buying a UK property can be one of the biggest investments in your life, especially in London where house prices are quite high. Since many people are looking for accommodation in London, the housing market is very competitive in terms of renting and buying London real estate, and the market operates under its own influence and factors. The number of renters and buyers in London is currently divided into 50:50. However, research by Price Waterhouse Cooper predicts that London will become a renting city in 2025, with only 40% of people owning houses. A large part of this is due to the growth of the young population, also known as substitute renting (between the ages of 20-39), who are priced out of the buying market and forced to continue renting.