Where to buy in London
What and where to buy in London
The areas where we see most demand from buyers are Kensington and Chelsea and Westminster. Demand outweighs supply in these areas and prices reflect that. There is limited space available for further new development and period properties with original features are highly sought after.
Kensington and Chelsea
Whilst occupying only 1 per cent of London’s total area this is still the most prestigious borough. House prices here are amongst the highest across London and with excellent schools, parks, restaurants and shopping it has everything to offer. This is prime London property where over the last 10 years property values on average have gone up around 88 per cent.
A lot of foreign money has been invested in Kensington and Chelsea with certain areas like South Kensington, which is close to the French Lycee, proving popular with French residents and Chelsea and the Kings Road areas proving popular with the Italians.
There is much demand for properties in prime residential areas such as The Boltons, Egerton Crescent, Harcourt Terrace, Tregunter Road, Walton Street and Cadogan Gardens.
According to published data, residential property values in Kensington and Chelsea rose 88pc after inflation over the last decade, the fastest pace of price growth of any area in the UK.
Westminster
Westminster has been one of the next best performing boroughs in London. Properties on the north side of Brompton Road (opposite Harrods) and those in Mayfair are in high demand as are popular locations like Belgrave Square, Wilton Crescent, Chester Square and Lennox Gardens.
Properties in Marylebone and St John’s Wood which are also extremely popular are also included in the borough of Westminster.
According to published data, residential property values in Westminster rose around 80 per cent after inflation over the last decade.