Reasons Why London Is So Expensive?

• In London the living costs are really high and that's why people need higher wage, either they will not able to live normally.
  
  
• Despite the US, UK as a country has the highest VAT taxes up to 22% on a last daily basis. Imagine you are earning 2000 pounds per month. Instantly the “pure” money will go to 1530 pounds.
  
  
• For US and other non-European countries visitors this currency might be some problem. London as s main travel destination gather people from all over the world and the strong sterling might get some financial issues.
  
  
• Strong retail competition within the London market. Everyone wants to go on top with his business and advertise on top levels.
  
  
• Definitely the property prices and rents are quite expensive in London. The medium price for a single one-bedroom apartments goes beyond 50-60K pounds. You can guess what will be the price for those who will book a flat for Olympics 2012.
  
  
• Last, but not least is the transportation and parking details. It very difficult to get free parking spaces in London, because of all of them are paid. Public and train transport is expensive too.