London attracts overseas investors as mayor pushes for closer EU ties

A new report surveyed 1,000 respondents from New York, Singapore, Dubai, Hong Kong and Paris and found that 64 % would choose to live in London if given the chance. The study noted that 70 % associate the capital with stability and that a typical two‑bedroom flat is about 23 % cheaper than in New York and 60 % below Singapore prices, highlighting London’s relative affordability for foreign purchasers.

Mayor Sir Sadiq Khan cited separate research commissioned by Best for Britain and carried out by Frontier Economics, which estimated that re‑joining the EU could add £2.9 billion a year to London’s economy, raising the city’s gross value added by 0.52 %. Khan urged the new prime minister to pursue closer alignment with the EU, arguing that Brexit has limited growth, increased living costs and reduced London’s economic potential.

Both pieces underscore the capital’s strong global reputation for culture, education, financial leadership and career opportunities, while also signalling the political push for deeper EU ties to bolster that economic standing.