philosopher
Established Member
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- 23 Sep 2015
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Many are doing "the London experience" for a few years after graduation but fewer are staying. This trend will increase. Inner London's population may slowly decrease but that of Outer London and the South East will remain high.
Part of the attractiveness of the London experience was that London used to have quite a few vibrant areas, with a good mix of quirky shops, interesting cafes and a good mix of people from different backgrounds and incomes. Over the past 20 years, I think quite a few people have been priced out of Inner London. As a result it has become increasingly bland and corporate, filled with chain shops and restaurants, with only investors and those on high incomes such as city workers being able to afford property there.
If Inner London property prices become cheaper, then those of more moderate incomes may once again be able to afford property there. Inner London therefore may be able to regain some of its vibrancy and edginess that it has over the years lost. So its appeal to a lot of the young could come back.