However, compared to many cities around the world, London's prices are growing at a crawl. Global estate agent and property consultancy Knight Frank released its annual "Global Cities" report on Thursday, looking at the state of the property market in top cities around the world.
As part of the report, Knight Frank analysed data from cities across the world to show the places where so-called mainstream house prices - basically the price of normal homes - are growing the quickest globally. Of the top 10 cities listed by the firm, all saw prices rise more than 15% in last year, with the top city seeing prices rise more than 60% in a single year.
Check out the global cities where prices for the average home grew the most in the last year below.