© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
May 10, 2013 2:59 pm
London is going through a makeover as dramatic as any in its history.
Like the city’s dramatically shifting demography – the 2011 census showed that white Britons are in a minority for the first time – the UK capital is going through a seismic change in its appearance.
Prices in super-prime areas, fuelled by the influx of global buyers, range from £3,200 to £3,800 per sq ft. The cost of homes in London overall has increased by 10 per cent in the past two years while high-end homes have risen by nearly a quarter.
The centre is being ringed by monumental new developments, either rejuvenating historic London landmarks or bringing new (and expensive) life to run-down areas. From Battersea Power Station in the south to the King’s Cross regeneration zone in the north, the fringes of zone 1 and the banks of the river Thames, London is being transformed by the world’s leading architects from Renzo Piano to Terry Farrell.
Copyright The Financial Times Limited 2013. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.