London’s not short of luxury neighbourhoods, but upmarket Mayfair stands out from the crowd. Home to famous hotspots such as Berkeley Square and Park Lane, Mayfair is a playground for the rich and famous.
This leafy part of West London has around 5,000 residents, making it one of London’s most exclusive postcodes. Whilst Mayfair is small in comparison to other areas in London, it certainly has something for everyone – be it the chic cafes of The Lanes or the upscale bars and eateries that grace North Mayfair.
And there’s plenty more to come, with 11 major property developments currently under way. Plans funded by Qatari investors are in place for the American embassy in Grosvenor Square to be turned into a hotel, once the embassy has made the move to Nine Elms.
It’s quite an international district, with much of the property investment coming from abroad – in fact; our China Desk team is based in Berkeley Street – right in the thick of the action! Ideally positioned within close proximity of some of London’s most popular shopping destinations for luxury brands, such as Bond Street and Oxford Circus, residents of Mayfair have it all on their doorsteps.
Originally a village, Mayfair still retains its quiet neighborhood charm that attracts so many to the area, regardless of on-going developments. And as you would expect, property prices in Mayfair are some of the highest in London, and indeed the UK. At the time of going press, according to Rightmove the average price for a flat in Mayfair is £2,601,021, whereas a terrace house would set you back a cool £12,825,000.
Looking for property in Mayfair? Give the Kingsley Hamilton Estates team a call on 020 7078 0214, or send us an email to email@example.com, and we’ll get right back to you.