Soho is undoubtedly the liveliest area in London, home to most of the capital's most famous theaters, clubs, cinemas and restaurants. It is a multicultural and cozy neighborhood in which it is nice to walk or make shopping. Soho is also known for its many clubs and bars, but also because it was the heart of London's sex industry. For over 200 years, Soho district has been at the heart of the sex industry. In the past, there were many brothels and over 250 sex-shops. However, since the 1980s, the police have been putting in place repressive measures to close the illegal premises. Soho is also home to the largest concentration of shops in London, making shopping lovers happy.
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.