The World and London - 2015

The World and London
The World and London - 2015
Top of the League

16 July 2015, by Yolande Barnes

While the mayoral race begins to determine London’s premier, we begin to determine what makes London a premier city.

This publication presents an in-depth examination of what makes all types of London real estate so investable globally. It identifies and examines some of the key components driving both occupier and investor demand in London: economy, fame, education, tourism, governance, built environment, retail activity, home buying, and investability. The sheer diversity of all the factors, which help make London such a successful city, have led us to dub it the ‘polymath city’ (see Working Well).

Mythbusters

It has been particularly gratifying to analyse and write about the density of London in this issue, as well as all the forces and factors at work to make London THE premier world city, alongside New York. Gratifying because the results of our analysis may well surprise some people and even debunk a few myths.

In our findings on, density, prominence and success, we discovered that, despite lacking some super-dense core central neighbourhoods found in a few other world cities, London has above average population densities at the metro area level.

Challenges

In the run-up to the mayoral elections next year, we compare the governance of London with other world cities. It would seem that having a recognisable leader and figurehead in the form of city Mayor is a prerequisite for world cities and, like London’s, most global city mayors are publicly elected. London’s new mayor will face many of the same challenges that face other top global cities that have accommodated large and growing populations over recent years.

This document examines many of London’s success factors and what makes the city so globally popular, investable and successful. Understanding this and protecting what works for London while rectifying issues like pollution, transport, housing supply and affordability will keep any mayor busy for many years to come.

 

Articles from The World and London - 2015

London

London is a global powerhouse and tops Savills World City Ranking.

How Does London Measure Up?

The population of London’s metropolitan area stands at 14.5 million people.

Population Density, Myth and Reality

London’s population density is far higher than many believe, and well above the World City median.

Working Well

16 July 2015

Working Well

The UK’s capital is an economically successful city and strong in a wide variety of areas.

A Question of Degrees

16 July 2015

A Question of Degrees

London enjoys an unrivalled reputation as a global centre of education.

Rules of Attraction

16 July 2015

Rules of Attraction

Overseas-born buyers are shaping London’s prime housing markets, here are three key trends.

High Plateau

16 July 2015

High Plateau

Private, international investment impacts on prime residential property, and not mainstream.

Sales in the City

16 July 2015

Sales in the City

London’s ability to attract high spending tourists has established it as a global retail destination.

The Weight of Money

16 July 2015

The Weight of Money

With large-scale institutions and private investors all looking to invest in real estate, is there too much money pointing at the city? 

Looking to the future

16 July 2015

Looking to the future

London’s growth and diversity will continue to set it apart from other world cities.

 
 

Key contacts

Yolande Barnes

Yolande Barnes

Director
World Research

Savills Margaret Street

+44 (0) 20 7409 8899

 

Paul Tostevin

Paul Tostevin

Associate Director
World Research

Savills Margaret Street

+44 (0) 20 7016 3883

 

Stephen Down

Stephen Down

Head of
Central London and International

Savills Margaret Street

+44 (0) 20 7409 8001

 

Jonathan Hewlett

Jonathan Hewlett

Head of London Region
Residential

Savills Sloane Street

+44 (0) 20 7824 9018

 

Dominic Grace

Dominic Grace

Head of Department
Residential Development Sales

Savills Margaret Street

+44 (0) 20 7409 9996

 

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