England’s capital is very well known for being among the most expensive places to live in not only in the country, but in the entire world as well. Even though the metropolitan area covers some 3000 square miles, its population varies between estimated from 8 to 13 million people. This makes one of the most important resources in an urban environment – space – pretty pricey, and this reflects on the amounts of cash a person has to part with in order to buy an apartment or a house in London. Over the years several areas in London however have become even more expensive than others. Let’s have a look at some of those. Kensington Kensington is part of the Royal Borough of Kensington and Chelsea, located in the W8 postal area of the capital. Kensington is traditionally an expensive place to live in, but there are many good reasons for that. It is a very well developed district, located quite near to Central London. One of the biggest pros of purchasing a property here are the low crime rates. This is only logical, bearing in mind the fact that Kensington is home to institutions such as French Consulate, French Embassy Cultural Department and the London Oratory. The character of Kensington is defined by the large number of Italian and Dutch gardens to be found within its territory. Those add up to the unique landscape and make it a very beautiful locality to settle down in. ChelseaBeing the second main area in the Royal Borough of Kensington and Chelsea, the district we are talking about here is a very well known part of London. This is mainly because it lends its name to the Chelsea F.C. even though the club is no longer based here. Chelsea used to be a rather bohemian place in character, with many artists and writers who used to live here in the end of the 19th and the beginning of the 20th century. After that it played a very important role in the Swinging 60s. Today Chelsea is home to boutiques by nearly all major fashion brands, as well as high-end art galleries and homes that are among the highest priced on the market. Some notable residents of Chelsea, past and present, include:
Knightsbridge Looking for a really pricey place in London? Well, how about Knightsbridge, where the average price for an apartment reaches the astounding 4.3 million pounds, while the highest rated property here, the legendary 1 Hyde Park is valued at 140 million pounds. Knightsbridge is a vibrant high-end shopping area as well. Many properties here are owned by no other but the Duke of Westminster. Several notable buildings that are to be found within the territory of Knightsbridge include the Embassy of Libya, the Victoria and Albert Museum, the Hyde Park Barracks of the Household Cavalry and many others. Very few people can afford to buy or even rent a property in Knightsbridge – it is reserved to be a home to some of the richest people on the planet. Many of those include princes and sheiks from the Arab world, who at least in recent years are buying and selling properties in Knightsbridge as a form of investment as crazy. Mayfair If you are blessed enough to have found accommodations in Mayfair that you can afford, then you can be really happy. Mayfair is right on the east edge of Hyde Park, which means that we are talking about one of the most beautiful areas in Central London at the current moment. The area contains the highest concentration of Five Star Hotels in London as well, so no matter whether you are looking for long-term or short term luxury accommodations in the capital, Mayfair is not going to disappoint you. Mayfair is well known among lovers of classical music, because it used to be home to George Friedrich Handel, the famous composer. Today his house is the only museum that is geographically within the territory of Mayfair – that is of course the Handel House Museum. The name of the area, by the way, comes as one can easily guess, from the May Fair that used to be taking place on what is now Shepherd’s Market. The first May Fair took place in 1686, and the final one was in 1764. After that year the venue was changed to Fair Fields in the East End of London’s area in Bow. Notting Hill Located right to the north of Kensington, Notting Hill is another pretty expensive place to consider buying a property in. Many people know the name of the area because of the 1999 film of the same name starring Hugh Grant and Julia Roberts. The interesting thing about Notting Hill is that in contrast to the other areas we have mentioned on this list, it used to be rather run-down well until the 1980s. A couple of decades later it is already a high-end place with a lot of expensive shops, restaurants and of course – houses and apartment on the territory of Notting Hill. The character of the district is defined by many tree-lined streets with large terraces of Victorian houses that are directly transporting you into another age and time. It contributes greatly to the appeal of the area, and this combined with the attractive location at a walking distance from Central London, can help explain the high property prices here. Notting Hill is divided into several quite distinct areas – Landbroke Grove, Notting Hill Gate, Portobello Road, Westbourne Grove and North Kensington, which is today referred to by estate agents as the super rich area of London. List of the most expensive cities in the world to live in*
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September 2016
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