The essence of luxury real estate in London25th Mar 2018 405 0
London - one of the finest places to be in the world, has exceptional beauty. What with all the rustic walls and buildings, the unforgettable Elizabethan architecture and an overall classy finesse, London is like no other. Now when you add modern luxury to the rugged English charm, the result is jaw-droppingly gorgeous. This is exactly why luxury homes in London are a massive hit across real estate investors and property connoisseurs across the world.
London has definitely more prime luxury property listings than any other city and for many years it has been a city having made the list of top most expensive residential real estate sales. In the year 2015 London luxury real estate sales stood at an astounding amount of £92 million plus. It is no wonder that London retains its position as the most luxurious property market worldwide even with slower growth due to new taxes on prime property purchases. There are various factors especially the quality of life that makes the city of London an attractive magnet that continues to attract strong domestic and international buyer demand. London has been ruling the Luxury property index for many years continuously.
London is clean, enchanting, mesmerizing and its real estate landscape is amazing with a grand mix of traditional mews houses, modern luxury apartments and sprawling suburban mansions. Add to that the historic structures, the charming British architecture, a rich legacy, world famous landmarks, a strong civic life, the high quality education opportunities and top it off with a stable and robust financial market and you get London which is definitely one of the most important cities in the world for luxury real estate.
The year 2014 was a testing one for the London real estate market started with mixed market signals rising due to the fear of a housing bubble that naturally led to slow down in property transactions. The very serious issue of high value property taxation being on the political agenda for the upcoming 2015 General Elections also caused a lot of concerns for many real estate investors and property buyers in London.
London being London as being discussed at the start of this article with multiple good factors going for it managed to bounce back and how. It is still the darling of the ultra-rich and high net worth individuals who are looking for good and great real estate investment opportunities to create wealth and a strong property portfolio for generations to come. These factors have ensures that London real estate and the prime housing market in London have remained strong and always in demand locally as well as globally.
London luxury real estate has the perfect blend of ‘made in England’ and ‘manufactured by the new era’ creating an attractive compelling case for most luxury property buyers globally. However, all this luxury comes with a price- which is mightily high in places like London and yes London does remain one of the most expensive places to live in not only in England, but also the world. Here is a list of some of the most expensive neighbourhoods in London itself:
Kensington is an upscale and upmarket location with historical Victorian buildings and embassies. A favourite among the tourists, Kensington is also famous for its High Street shopping and antique stores.
The median property price of a home in this neighborhood is 1.7 million pounds, and the highest house price listed recently on the market is northwards of 30 million pounds.
Chelsea is an affluent and upmarket area in South West London close to the world famous River Thames. It is famous for its posh homes and the affluent residents who reside there. Of course the chic and upmarket retail shops and restaurants that serve these rich patrons are well known too. The Royal Court Theatre on Sloane Square, the modern Saatchi Gallery on the Duke of York Square, the ever buzzing King’s Road with its array of mid- to high-end stores, all make Chelsea a very vibrant and luxurious locale in London.
The average property price of a home in this neighborhood is 1.3 million pounds, and the highest house price on the market is 25 million pounds currently.
Knightsbridge is an exquisite residential and retail district in West London located in the south of the globally famous Hyde Park. Being one of two international retail centres in London as per the London Plan does make Knightsbridge special and luxury place to be in.
Being close to the most beautiful and picturesque Hyde Park, Knightsbridge is an abovious choice in London for the most affluent buyers and luxury property investors. The grand Victorian homes and leafy garden squares add to the grandeur & magnificence of this location. Rich tourists, expats and the wealthy residents enjoy the high-end restaurants and shops, including the iconic Harrods department store in Knightsbridge along with experiencing the luxury charm of this place.
The median property price of a home in this neighborhood is 1.3 million pounds, and the top end home price on the market is 35 million pounds currently.
An important area in London luxury real estate map, Notting Hill is an affluent district in West London, located north of Kensington within the Royal Borough of Kensington & Chelsea and partly within the City of Westminster.
Notting Hill is a favourite for the real estate investors and the affluent home buyers because of various factors that include a very vibrant & cosmopolitan neighbourhood that buzzes with positivity and social activities throughout the year.
Chic & beautiful cafes dot the spectacular Notting Hill landscape along the Portobello Road, very well known for its unique market selling antiques and vintage fashion.
The annual Notting Hill Carnival attracts throngs of people from various backgrounds and the parades and calypso music played during this carnival reminds one of this area’s Caribbean roots.
The median property price of a home in this neighborhood is 1.1 million pounds, and the highest house price on the market is 13.5 million pounds.
West Brompton is an area of south-west London, sandwiched between the London Borough of Hammersmith and Fulham and Royal Borough of Kensington and Chelsea.
A prime location and a very peaceful and quality ensures that West Brompton occupies a very prominent spot in the London luxury real estate market.
The median property price of a home in this neighborhood is 1 million pounds, and the highest house price on the market is 6 million pounds currently in this area.
Now, coming to the most expensive and stately houses on the London market curently:
Eaton Square, Belgravia - 55 million pounds
Avenue Road, St. Johns Wood- 40 million pounds
Queen’s Gate Place, London - 35 million pounds
South Bank Tower, Southwark- 25 million pounds
Lygon Place, Belgravia- 22.5 million pounds
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