The City, situated on the north side of The Thames, is the historical district of London and their histories are closely linked. 2,000 years ago, it was already a dynamic commercial area which belonged to the Roman Empire. The borders of The City are still on the former Roman wall that had been built in the 2nd century. Nowadays, this famous district is a world heart of business and finance and it is home to major companies' headquarters. Characterized by impressive buildings and huge skyscrapers, such as the National Westminster Tower and 30 St Mary Axe known as Gherkin, The City also welcomes remarkable historical monuments. The City is a perfect mix of architectures in London and is one of the best places to live.
Since 2011, the property prices have risen by 29% in the United Kingdom and particularly in London, where prices reached a high record . According to UBS, the Swiss banking industry heavyweight, the risk of a housing bubble is high.
Therefore, in order to stop the price boom, the British government proposed solutions in its real-estate white paper of February 2017.
Besides, because of Brexit, the country may have a lower growth compared to the past years, with a loss of purchasing power for UK residents and a potential inflation rise. This phenomenon may have an impact on housing prices which may increase more slowly in London and which may favour foreign buyers.