There's no place like London. That may be a line from the musical Sweeney Todd, but that doesn't make it less true. The UK capital is the biggest city in the UK and also the most popular – with tourists, investors and companies alike.
Tourists are drawn the city's wide range of attractions, from historical architecture and heritage sites to cultural events and major landmarks. The variety of lifestyle activities makes London highly appealing for residents, too, with many workers choosing to live in the city.
But that appeal extends to investors too: property in London is seen as a safe haven for those with money, helping the city's real estate market to stay ahead of the rest of the country regardless of the wider economic climate.
As a result, demand for property in the city has grown, pushing up prices with it. This has forced many workers to move to outside of London and live in rural property, commuting to their offices during the daytime.
Nonetheless, companies continue to flock to the city, renting office space in London with a voracious appetite. From the UK Government to the Mayor of London to the headquarters of major national and international corporations, there aren't many big businesses who aren't residing in some part of London's commercial property sector.
The Shard, on the south bank of the River Thames, is the latest property to be erected in the city: a 95-storey skyscraper that, at the time of construction, was the tallest building in the European Union. This building epitomises London's thriving real estate market, dedicating one floor to panoramic views of the city centre, attracting tourists to the site, housing a string of luxury apartments and hotel rooms, bringing in residential property investors, and a wealth of offices – a prime opportunity for companies to join the forefront of UK businesses.
After all, like Sweeney Todd said, there's no place like London .
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