It’s a battle that’s raged for years – which city reigns supreme?
London and New York seemingly have it all … and in good measure. Aside from being two of the world’s most popular tourist destinations, they are also home to strong economies, shopping, entertainment and dining, stylish architecture, pricey property, and plenty more besides. Both cities therefore draw the world’s elite and savvy property investors in search of a slice of the pie, but upon closer inspection, how do New York and London really compare? We take a look at both cities and pay close attention to two comparable markets – London’s Mayfair to New York’s Upper East Side – to see where really comes out on top.
How do they stack up?
Population
There are an estimated 8.6 million living in London, pipping New York to the post slightly, as there are 8.4 million residents in the Big Apple. Looking at our comparable micro markets, Mayfair is home to approximately 5,100 permanent residents, while the 2000 census reported there were 207,543 people living on the Upper East Side.
Points go to: Both cities. There’s marginal difference between the overall population, and whether or not you mind a crowded neighbourhood is ultimately a matter of personal preference.
Transport
London’s world-famous Tube actually leaves a lot to be desired when compared to New York’s Metro system. The Metro carries 1.65 billion passengers a year, while the Tube transports just 1.2 million riders in the same time! New York’s Metro also runs 24 hours – something Londoners have been clamouring for seemingly since the beginning of time – and it also provides better connectivity with 468 stations compared to London’s 270.
Points go to: New York. The Metro goes further, for longer, for less.
