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Is London a Megacity? Population, Economy and What It Means for Property

London's scale, and why it matters for the property market.

Is London a Megacity? Population, Economy and What It Means for Property Property & Real Estate

Updated October 2026 · Fraser Bond

London · Big picture

London: a global city

~9 millionGreater London
Widercommuter region
Globalfinance & culture
Housingdemand
In short: A megacity is usually defined as a metropolitan area of more than 10 million people. Greater London itself has a population of around 9 million, and its wider metropolitan and commuter region is larger, so whether London counts as a megacity depends on the definition used. It is one of the world's leading financial and cultural centres, and steady population and job growth keep housing demand, and rents, high. Fraser Bond helps people rent, buy, let and manage homes across London.
Population

Around 9 million in Greater London.

Economy

A global centre for finance, tech, law and the creative industries.

Transport

The Elizabeth line has extended fast links east and west.

Housing

Demand outpaces supply, supporting rents.

Frequently asked questions

Is London a megacity?

It depends on the definition; Greater London has around 9 million people.

Why is London housing expensive?

High demand, limited supply and its global role.

Can Fraser Bond help me move to London?

Yes.

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