London, located on the river Thames is the capital city of the UK. The city itself is home to well over 8 million people and is the third most populous city in Europe. London is the cultural, economical and social centre of the country and as such attracts a lot of investment and young professionals.
The house prices in London are significantly higher than the rest of the country, and as a result only the well off can afford to buy property in the city. Recent years have seen the arrival of more and more rich people from all over the world choosing to invest their money in prime London real estate especially in traditionally wealthy areas of West London like Kensington, Chelsea and Mayfair.
London recently hosted the Olympic Games and as part of the associated development plan, there has been a significant, and for some controversial, regeneration of areas of East London. Along with the rising house prices and increased cost of living in the capital this is seen as gentrification and a partial cause of a housing crisis in the city.
Despite this, London continues to be a big draw for companies and workers and is a hugely diverse and multicultural city with a lot of year round tourism and events. It also continues to be a very attractive place to live with house prices rising year on year often in relation to the opening of new transport links and services in the city.