A look at how outrageous London's real estate market has become. Comparing London's market to New York City and stating why the market has gotten out of control.

1. LONDON’S REAL ESTATE IS GOING CRAZY

2. AN APARTMENT OVERLOOKING HYDE PARK IN LONDON
RECENTLY SOLD FOR $237 MILLION, GIVING A
GLOWING EXAMPLE OF THE CRAZINESS OF LONDON’S
REAL ESTATE MARKET.

3. THE CITY’S HOUSING PRICES HAVE SKYROCKETED 18%
WITHIN THE LAST YEAR AND IT HAS BOTH POLITICIANS
AND ECONOMISTS WORRIED.

4. THE APARTMENT, WHICH IS SPECULATED TO
HAVE BEEN SOLD TO A FOREIGN BUYER, IS STILL
UNFINISHED.

5. IT IS APPROXIMATELY 16,000 SQUARE FEET.

6. LONDONERS CITE FOREIGN BUYERS AS A REASON FOR
THIS RISING MARKET PRICE, MAKING RIDICULOUS
INVESTMENTS IN A MARKET THAT HAS A HIGH
DEMAND.

7. LONDON VS. NEW YORK CITY

8. A NEW REPORT SHOWS THAT OVER $676
BILLION HAS BEEN INVESTED IN LONDON REAL
ESTATE.

9. THIS IS APPROXIMATELY FOUR TIMES THE
AMOUNT THAT HAS BEEN INVESTED IN NEW
YORK CITY.

10. LONDON IS DESIRABLE DUE TO A BUNCH OF REASONS
-- IT’S VIBRANT CULTURE, A GROWING ECONOMY AND
BUSINESS SCENE, AND THE VARIETY OF GREEN
SPACES.

11. ONE ASPECT THAT IS OFTEN OVERLOOKED,
HOWEVER, IS THE TIMEZONE -- ONE WHICH IS
LOCATED BETWEEN ASIA AND THE US.

12. LOW INTEREST RATES AND AGGRESSIVE
GOVERNMENT INCENTIVES HAVE ALSO HELPED
WITH THE HOUSING BOOM IN LONDON.

13. DANGERS

14. THE HOUSING MARKET IN LONDON IS A BUBBLE
WAITING TO BURST.

15. ECONOMISTS ARE CONSIDERING RAISING
INTEREST RATES LATER THIS YEAR.

16. RATES HAVE NOT RISEN SINCE JULY 2007.

17. THESE RAPID PRICE GAINS RAISE THE CHANCES
OF FUTURE DEBT GROWTH.

18. THE LOW INTEREST RATES ARE NO LONGER
NECESSARY FOR THE LONDON HOUSING
MARKET.