London predicted to be global ‘megacity' by 2037

A new report reveals that over the next 15 years London will become a global “megacity” with a population of 10m people. Economics forecaster Oxford Economics said London's economy will thrive, 600,000 high quality new jobs will be created, and its wobbling housing market will also recover — to the extent that an average owner will soon need to borrow 12 times their annual salary to buy a home (compared to a UK average of eight). The report said this prosperity will boost the housing market with price growth returning in 2025 after a two year hiatus. 

Evening Standard (28/02/2023)