Why go
Because of its prominent global role, London's economy had been affected by the financial crisis of 2007–2008. A growing number of technology companies are based in London notably in East London Tech City, also known as Silicon Roundabout. London has five major business districts: the City, Westminster, Canary Wharf, Camden & Islington and Lambeth & Southwark.
What to look for
- On average the price per square metre in central London is €24,252 (April 2014).
- Around 325,000 people were employed in financial services in London until mid-2007.
- London has over 480 overseas banks, more than any other city in the world.
The full story
One way to get an idea of their relative importance is to look at relative amounts of office space: Greater London had 27 million m2 of office space in 2001, and the City contains the most space, with 8 million m2 of office space. London has some of the highest real estate prices in the world. London is the world's most expensive office market for the last three years according to world property journal (2015) report. As of 2015 the residential property in London is worth $2.2 trillion – same value as that of Brazil annual GDP. The city has the highest property prices of any European city according to the Office for National Statistics and the European Office of Statistics.