London, which stands on the River Thames, is the capital and largest city of England and the United Kingdom with a total population of 9,540,576.
The United Kingdom is a constitutional monarchy with Queen Elizabeth II as head of state. London is the centre of the British government, economy, and royal and diplomatic affairs. It is a global city, with a complex interweaving of different ethnicities, cultures, nationalities, languages, religions, and economic backgrounds.
London has been a world centre of commerce, finance, fashion, art, education, culture, and the sciences since the early ages of the British Empire. It is also the world's most-visited city, hosting a diverse range of cultural attractions including the British Museum, the Royal Botanic Gardens, St Paul's Cathedral, Westminster Abbey, Buckingham Palace, and the Tower of London. The city is home to numerous sporting teams
There are many different areas of London, each with its own unique character.
Central London is the innermost part of London, spanning several boroughs. It is home to some of the city's most iconic landmarks, including Buckingham Palace, Big Ben and Westminster Abbey.
The East End is the historic centre of the city, it began to emerge in the Middle Ages with initially slow urban growth outside the eastern walls, which later accelerated, especially in the 19th century, to absorb pre-existing settlements. Today is home to the Tower of London and Brick Lane.
The West End is the city's entertainment district, full of theatres, bars and restaurants. It has always been known for its royal palaces, parklands, government offices, mansions, and exclusive shopping districts, in contrast to London's more industrial and blue-collar East End.
The South Bank is an entertainment and commercial district in central London, next to the River Thames opposite the City of Westminster. It is a popular tourist spot, with attractions such as the London Eye and the Tate Modern.
The luxury real estate market in London is growing at a rate never seen before in the capital’s history. A new wave of global wealth is buying prime central London property.
London’s luxury real estate market is now at a record-breaking level. From 2019 to 2020, the average price of prime central London properties sold rose by 6%, while demand climbed by 13%.
Demand continues to exceed supply. While the market was already overheated, the Covid-19 pandemic and its related economic slowdown caused a sudden rise in buyer activity, pushing the market into oversupply.
In response, the prime central London market has shown remarkable resilience, achieving a significant recovery since late March. Despite a temporary softening in the first quarter, demand is continuing to outstrip supply and prices are rising rapidly.
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