Asked by: Rosal Stempuhowsk
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Why is London rent so expensive?

Last Updated: 2nd January, 2020

Commercial rents in London are highfor the same reason that residential rents are: there's hugedemand for tightly constrained supply. All this means that it costsmore to provide you with a coffee or a sandwich or a pint inLondon than it would in most British cities –so prices are higher, too.

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In this manner, why is it expensive to live in London?

London is an expensive place tolive and one of the main reasons is because it is thefinancial capital of the world. Its markets capture both Westernand Eastern time-zones which allows it to gain capital faster thanother countries in the world.

Additionally, why is UK so expensive? The main reasons for expensive house prices inthe UK are: Shortage of supply – low numbers of newhouses built. Rising number of population. UK populationrising, plus number of households increasing due to social factors,such as more people living alone.

Also know, is living in London Expensive?

Living in London as a Professional London is the most expensive city in theU.K. to raise a child; bringing up a child to adulthood can cost asmuch as $350,000, almost one-third of which is attributable to thecosts of education.

Is London most expensive city in the world?

New York City is the most expensivedestination in the world. A business trip to New York costs£611 a day on average according to research by globalmobility experts, ECA International (ECA). Geneva is once again themost expensive location in Europe for businesstravellers.

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