2006-10-24 03:13:18 · 8 answers · asked by seandougy 2 in Social Science ➔ Economics
London covers a comparatively small area considering that so many companies are centred there. Thousands of people work there, and they all want to live near their work. The more demand there is for housing work premises etc, then the higher the property/land will cost. It is the old `supply and demand` thing.
2006-10-24 21:43:16 · answer #1 · answered by Social Science Lady 7 · 0⤊ 0⤋
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2016-11-25 01:58:35 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Also because London has many rich people that can bid up the price of the best locations.
2006-10-24 07:25:16 · answer #3 · answered by meg 7 · 0⤊ 0⤋
Because it's the capital city. More people want to live there and it's a very popular place.
2006-10-24 03:15:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
everybody want to stay in London. The demand
2006-10-24 03:15:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Supply and demand with lack of spare land
2006-10-24 03:14:28 · answer #6 · answered by Sir Sidney Snot 6 · 0⤊ 0⤋
It's the capital city
2006-10-24 03:17:52 · answer #7 · answered by Anonymous · 0⤊ 0⤋
cause that's where the money is
2006-10-24 03:16:24 · answer #8 · answered by shazam 6 · 0⤊ 0⤋