London
Many people were now discussing a question: just how much development potential did London still have, and where was its upper limit?
According to the economists, as the capital of the British Empire and the world's financial and political capital, London undoubtedly possessed the greatest development potential in the world!
The United Kingdom's urbanization rate reached 50.2% in 1851, essentially achieving urbanization.
By the end of the nineteenth century, it had reached 72.05% in 1891, and the United Kingdom had become a highly urbanized country.
From the end of the nineteenth century to the end of the twentieth, the pace of improvement in the United Kingdom's urbanization level began to slow.
In 1911, its urbanization level rose further to 78.1%. The proportion of the population living in urban areas peaked at 79.85% in the 1915 census year, then fell again under the impact of the World War.
Surveys showed that in the already urbanized British Empire, the population was once again beginning to concentrate, moving from small and medium-sized cities toward major cities.
After the World War ended, London's population began rising year by year. From 1917 to the present, its average population growth rate had exceeded 8%, while housing and transportation had become the core factors restricting London's development.
Economists boldly predicted that London's population would exceed ten million in the future, and housing would become a scarce resource in the city!
They truly were professional windbags. Even their bragging came backed by sound arguments and evidence. They never mentioned housing prices, yet everyone came away with the impression that London property prices were about to rise.
Things were precious when scarce. From the perspective of population growth alone, London's housing prices had to rise!
No, they had already begun to rise. How could a qualified capitalist not