Rising property prices in London means that the total value of the property located in the city now represents 35 percent of the total value of property in Britain. While it’s a stunning figure in itself, it’s set to increase to 40 percent by 2017. According to FTSE Global Markets, the total value of residential property in London is now worth over GBP 1.5 trillion and could top GBP 2 trillion by 2017. That’s compared to GBP 2.24 trillion for all of England and GBP 4.31 trillion for all of British residential properties.
“London is a growing asset for the UK, in a multitude of ways. From a city in decline with a falling population just thirty years ago, our capital has rebuilt its place at the heart of the financial, cultural and technological worlds,” says Andrew Bridges, managing director of Stirling Ackroyd.
