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London, One of the Most Influential Cities in the World

London has been nicknamed “City of Influence” by a firm which compares 20 major individual economic cities in terms of talent, location and cost. They found that the UK capital remains one of the most influential cities in the world.

The report arrives despite predictions that companies would lose faith in the capital due to political uncertainty and the perceived threat to business of Brexit.

The outcome of the EU referendum made many nervous that we would see a mass exodus of businesses relocating from London. Indeed, some sceptics predicted 100,000 finance and business services jobs would be likely to flee to the continent, but only recently,it was confirmed that some firms would start transferring staff within the next two years, around 150 jobs to Dublin.

Paris, which holds the second spot behind London, is the leading market when it comes to output/orientation, future skills and capacity and affordability/cost. Paris also scores particularly strongly when it comes to the size/experience of the latent talent pool, driven by higher levels of short-term unemployment than those available in London. Yet when it comes to the final results, factoring in market risk, the UK capital takes the reins.

The UK’s labour laws are far more relaxed in London than in Paris, which has been a major driver of businesses location decisions in favour of London. Outside of the big two markets, Manchester, Stockholm and Dublin are the three cities which feature most highly at 3rd, 4th and 5th place, respectively.

Madrid and Barcelona both have strong affordability/cost scores, and high latent talent pools, but suffer from a high country/labour market risk factor. This knocked Madrid from 3rd to 8th, and Barcelona from 7th to 16th.

Confidence certainly still seems high in the UK capital’s future, with tech giants such as Apple, Google, Facebook and IBM all re-affirming their commitment to London and the UK economy at the end of 2017.

London continues to attract population from all over the world

Some researches confirms that London continues to attract a diverse population from all over the world.

Although it is one of the most expensive cities in terms of real estate, when taking into account all the factors and the ability of the city to re-invent and evolve, London is superior to all other European cities.

The UK capital has been the subject of much debate in the last year, following the country’s vote to leave the European Union. As Britain prepares to trigger Article 50 and begin negotiations with EU surrounding the terms of its exit, there has been much speculation about whether London can still retain its global appeal to businesses and investors.

Over 8 million people reside in London, though, and this number is going up, according to latest researches. Currently the capital has 270 underground stations, with Crossrail promising another 40, which the firm also notes is proof of London being one of the very best connected cities.

40 per cent of the capital, meanwhile, is made up of green space, including eight royal parks.



Projects from this area

Jameson House, Sunderland, UK

Jameson House is an exceptional opportunity to invest in an excellent development at the heart of the growing maritime city of Sunderland;

The development is ideally located for both students and young professionals in the city.

Sunderland is a thriving city with a lot of opportunities for its residents with 80 international companies, such as Nike and Nissan, having relocated to the city, catering to over 25,000 employees;

Sunderland city council is investing money in the city centre to breathe new life into the city. Redevelopment projects comprise a new 1.8million public square which was completed in 2015;

Jameson House, Sunderland provides purchasers with a 9% NET rental return (excluding ground rent), complete with a 3 year rental assurance*;

Each studio apartment comes with a furniture pack, offering a carefully selected range of contemporary designs, chosen specifically to complement the apartments within Jameson House.


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Crane Court, Huddersfield

Crane Court is a new purpose built student accommodation development, bringing 252

luxury studio apartments to the heavily undersupplied student accommodation market

in Huddersfield;

Crane Court provides purchasers with a 9% NET rental return, complete with a 5 year rental assurance*;

Their management service is designed to offer you peace of mind, making sure that all stages of the tenancy process are taken care of.

All of their staff hold National Federation of Property Professionals (NFOPP) qualifications and they are members of the Property Ombudsman.

Rent on Time’s Rental Insurance, underwritten by Europe’s second largest insurer, provides you with a safety net when it comes to recovering rent.

They work hard to make sure that your unit is occupied at all times, with properties advertised on the UK’s largest property websites including Rightmove, Zoopla and PrimeLocation.


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