I live in central London and pay a lot of rent, but I disagree, I don't think it's possible to compare London rents to New York. Certainly, the average rent across the entirety of London might average out at similar levels because there's a large number of renters and the floor is higher but at the upper levels, our rent is cheaper: you can live in almost any building in London for £3k/month, it's almost impossible to find an apartment building here where the rental floor is >£3k/month, luxury in London is comparatively cheap.

Not according to this:

https://www.rightmove.co.uk/property-to-rent/find.html?locat...

I guess it depends on your definition of central London.

This would have been true when GBP was strong, but it's now trading at 1.18 USD. The glory days of 2.05 USD from 2007 are long gone, sadly!

Even in Kensington and Chelsea, average rent of £2.5K or even £3K GBP is only $3K-$3.5K USD these days.

https://www.homeviews.com/renting/average-rent-in-london-for...