The Most Expensive Neighborhoods in London (2023)

London's Highest Value Areas

London has always been one of the most expensive places to live in the United Kingdom, and it quickly became one of the most expensive to live in the entire world. Rivaling New York in the United States, greater London measures over 607 square miles and has a population of over 9 million, and within the city live a large population of wealthy individuals.

In fact, as of 2021, there are 875,000 Londoners whose assets are worth more than £720,000, according to research released by property consultants Knight Frank, who publishes an annual study of the fortunes of the world’s wealthiest people.

The following are the top five most expensive neighborhoods in London as of March 2022.

Key Takeaways

  • London is one of the most expensive places to live in the United Kingdom.
  • Many high-end neighborhoods are home to royalty and celebrities.
  • Average home prices in wealthy neighborhoods run no less than £1 million.
  • There are many tourist attractions in London's wealthiest neighborhoods.
  • The famous department store, Harrods, is located in Knightsbridge.
(Video) The Most Expensive Neighborhood In London

1. Knightsbridge

Knightsbridge is one of the poshest neighborhoods in the world. It is home to fashion stores, the world-renowned department store, Harrods, and banks that cater to wealthy individuals. Many of the world's wealthiest people call Knightsbridge home, and it has some of the most expensive properties. The British media suggests that a great deal of the wealth in Knightsbridge comes from Russian oligarchs and millionaires who own property in the neighborhood. The average property price in this neighborhood is £4,328,333, approximately $5.4 million.

2. West Brompton

West Brompton is also an extremely pricey neighborhood in London because it is partially in the expensive borough of Kensington and Chelsea. The average property price of a home in this neighborhood is £4,204,556, or approximately $3.35 million.

Full of landmarks, home to the Chelsea Football Club, and pop culture landmarks, such as the Troubadour Cafe where Bob Dylan performed his first gig, West Brompton is a popular place to visit and live if you can afford its price tag.

3. Kensington

Celebrities, entrepreneurs, and politicians, such as Lakshmi Mittal, Eric Clapton, Sir Richard Branson, and Madonna, all live or have lived in Kensington. Not to mention, Kensington Palace, the official residence of the Duke and Duchess of Cambridge, and a highly rated tourist destination, once home to Queen Victoria, is situated in Kensington as well.

(Video) Top 10 richest areas in London

Homes in this posh neighborhood boast amenities like a home with a private museum for vintage Ferraris, underground swimming pools, private in-house cinemas, and other high-end amusements. If you are thinking of purchasing a home in Kensington, the average property price of a home in this neighborhood is £2,568,533 million pounds or roughly $3.21 million.

The City of Westminster is not only home to the Queen of England, but the country's prime minister as well. Homes here run into the millions, while homes in greater Westminster cost an average of £887,883.

4. Chelsea

Chelsea is an affluent enclave in West London with a legacy of housing artists like the Rolling Stones, the Beatles, and pop icon, Kylie Minogue. Home to high-end eateries and upscale but funky boutiques, Chelsea is a popular spot to live if you can afford the price. The average property price of a home in this neighborhood is £1,761,800 million, around $2.2 million.

(Video) The Most Expensive Neighborhood In The World (2022)

Many British celebrities have called Chelsea home, including Rowan Atkinson, known for portraying the roles of Mr. Bean and Blackadder, Virgin Group founder Sir Richard Branson, and fashion designer (and daughter of Paul and the late Linda McCartney) Stella McCartney.

5. City of Westminster

The City of Westminster is one of the most popular areas of inner London and houses many important institutions and landmarks. After all, the Queen does live there. The City of Westminster is home to Buckingham Palace, the Houses of Parliament, and 10 Downing Street, the home of the Prime Minister.

The borough also hosts some of the most popular streets in London, including Oxford Street, Regent Street, and Bond Street. Given its importance and central location, it's no surprise that it is a desirable place to live.

So, if rubbing shoulders with tourists and the upper-crust of London sounds appealing, buying a house in the City of Westminster will cost you around an average of £887,883 thousand, approximately $1.12 million.

What Part of London Is the Wealthiest?

There are many wealthy neighborhoods in London. Knightsbridge and the City of Westminster are among the wealthiest.

(Video) You Need £42,000,000 to Live Here - Kensington Palace Gardens | Wealthy London 4K Walking Tour

Does Posh Just Mean Rich?

Not exactly. Posh can be mean rich but it also refers to something or someone who is elegant and refined in an upper-class way.

What Are the Traditionally Posh Areas in London?

Knightsbridge, the City of Westminster, and Chelsea are traditionally posh areas of London.

(Video) What is INSIDE The Most Expensive Neighborhood In London


What are the most expensive neighborhoods in London? ›

The richest and most expensive neighbourhoods in London are definitely Chelsea, Kensington, Mayfair, and Knightsbridge! These neighbourhoods are known for their fashionable and expensive shops and restaurants, as well as being home to many of the richest people in the world.

What is the most expensive street to live in London? ›

Head over to Phillimore Gardens, in Kensington and Chelsea, London, and the average house will set you back £23.8m – a whopping 83 times the national average property price. According to mortgage lender Halifax, Phillimore Gardens is officially the most expensive street in the UK.

What is the richest area outside of London? ›

Virginia Water, Surrey

Virginia Water in Surrey consistently ranks among the highest value towns in England outside of London, according to Zoopla.

What is Britain's most expensive Neighbourhood? ›

All 10 of the most expensive streets in England are in south and west London, according to Halifax.
  • All 10 of the most expensive streets in England are in south and west London, according to Halifax.
  • Top of the list is Phillimore Gardens in Kensington, west London, where the average house price is £23.8m.
Dec 21, 2022

Where do most celebrities live in London? ›

Chelsea and Kensington have always been the most luxurious of London's neighbourhoods, so it doesn't take a rocket scientist to see why so many celebrities live here.

Where are the richest houses in London? ›

London's most expensive home sales of 2022: from historic mega mansions to private palaces
  • The Apprentice mansion, Daleham Gardens, Hampstead.
  • Cornwall Terrace, Regents Park.
  • House of Gucci, Grafton Street, Mayfair.
  • Chelsea Barracks, Belgravia.
  • Park Modern, Queensway.
  • Avenue Road, St John's Wood.
  • Sloane House, Chelsea.
Dec 23, 2022

What is the nicest area to live in London? ›

1. Kensington. Having been voted the UK's best place to live, Kensington is an affluent part of west London. Along with world-class shopping facilities and beautiful green spaces, you'll be close to some of London's most popular attractions.

Who lives in billionaires row London? ›

Residents. Owners of houses on the street include the Sultan of Brunei and members of the House of Bolkiah, publisher and newspaper magnate Richard Desmond, art collector and philanthropist Poju Zabludowicz, industrialist Lakshmi Mittal, and property tycoon Andreas Panayiotou.

Where is London On most expensive city? ›

London is the fourth most expensive city in the world during global cost of living crisis
CountryLocation2022 Ranking
Hong KongHong Kong1
United States of AmericaNew York2
United KingdomLondon4
16 more rows
Jun 7, 2022

Where do most millionaires live in UK? ›

Surrey and Sussex have been revealed to be the wealthiest areas of Great Britain, with residents owning assets worth an average £263,200 each.

What is a rich part of England? ›

The five richest areas are:

Kensington and Chelsea, and Hammersmith and Fulham. Westminster. Camden and City of London. Wandsworth.

Where do middle class live in London? ›

In the inner city it's mostly Brixton, Peckham, Southwark, Tottenham, Tower Hamlets (excluding Canary Wharf), Dalston, Hackney, although a lot of the inner city areas have seen a rise in middle class young people moving in because the rising rents make the traditionally nice areas of London too expensive to live in.

Where do the rich and famous live in England? ›

1- Mayfair

Sitting side by side with Hyde Park and Green Park, the balance of open greenery and historic opulence has created one of the most popular places to live for the London rich. As well as the many wealthy Georgian homes, Mayfair is also home to the world-famous tailor district of Savile Row.

Where do rich people live in Britain? ›

Surrey and Sussex have been revealed to be the wealthiest areas of Great Britain, with residents owning assets worth an average £263,200 each.

Which town in England has the most millionaires? ›

Most millionaires per capita of UK towns and cities
RankCityTotal Millionaires
6 more rows
Nov 29, 2020

Where do most foreigners live in London? ›

Two of its most popular areas for foreigners looking to live and work in London include High Street Kensington and South Kensington.

Where do famous people hangout in London? ›

The first is Mahiki (Address: 1 Dover Street, London, W1S 4LD). This is probably the undisputed king of celebrity clubs in London. Places go in and out of vogue, with celebrity crowds gradually migrating around Chelsea and Kensington nightclubs, but Mahiki is the reliable go-to for guaranteed celebrity hobnobbing.

What part of London do actors live in? ›

It goes without saying that the vast majority of British celebrities live in London, but international names call the UK home, too. The exclusive boroughs of Chelsea, Knightsbridge and Kensington are home to plenty of mega-famous names, while some stars opt for palatial, rural homes in the city's green belt.

What is London most expensive property? ›

A sprawling, four-acre property in Regent's Park is set to become London's most expensive house sale ever. Agents selling the 205-year-old mansion are reported to be asking for as much as £250 million ($300 million), topping the previous record for a residential sale of £210 million ($252 million).

What is the biggest private house in London? ›

Witanhurst is a large Grade II listed 1930s Georgian Revival mansion on 5 acres (2.0 ha) in Highgate, North London.

What is the prettiest neighborhood in London? ›

Lady's Guide to the 17 Prettiest London Neighborhoods
  • Primrose Hill. ...
  • Highgate. ...
  • Mayfair. ...
  • Marylebone. ...
  • St Katharine Docks. ...
  • Greenwich. ...
  • Chiswick. ...
  • Richmond. South of Chiswick, Richmond is one of the most beautiful places in the city, not only for its pretty riverfront but also for its stunning park.

What is the safest neighborhood in London? ›

Richmond and Twickenham have been considered as the safest boroughs in 2022. Richmond is the safest place to live in the capital. It is a calm, welcoming village with beautiful riverside café's, shops, pubs, 100 parks and 140 hectares of Metropolitan Green Belt area.

Where is the happiest place to live in London? ›

It comes as little surprise that the happiest place to live in London, and the 11th happiest place overall in the UK, is the leafy borough of Richmond upon Thames. The area offers riverside restaurants, spectacular deer-filled parks, and some of the cosiest pubs around – all within easy reach of central London.

Who is the richest family in London? ›

  • Lauence Graff & family: $3.4 billion.
  • Alan Howard: $3.2 billion.
  • Hilton Schlosberg: $3.1 billion.
  • Barnard Ecclestone & family: $3.0 billion.
  • Farhda Moshiri: $2.9 billion.
  • John Caudwell: $2.8 billion.
  • Peter Hargreaves: $2.5 billion.
  • Maritsa Lazari &family: $2.5 billion.
Nov 14, 2022

Who owns most houses in London? ›

"The largest group of property owners in London are Indians, who are represented by those who have lived in the UK for generations, NRIs, investors from other countries, students, and families who travel to the UK for education," according to London-based residential developer Barratt London.

Who is the richest person of London? ›

2017 British billionaires list by Forbes magazine
World rankNameNet worth (USD)
18Jim Ratcliffe32.0 billion
64Hinduja family19.8 billion
65David and Simon Reuben15.3 billion
250Ian and Richard Livingstone5.8 billion
50 more rows

Which city is more expensive London or New York? ›

Cost of living in London (United Kingdom) is 19% cheaper than in New York City (United States)

Which is more costly London or New York? ›

It may be hard for many to believe, but except for milk and cigarettes, New York has groceries at least 60% more expensive than in London. Read more on the cost of living in London to get a better understand of the cost of goods situation.

Is it more expensive to go to New York or London? ›

Generally, London costs lower than New York.

On average, rent and restaurants in London are about 70% and 30% less expensive compared to New York.

Where do the super rich live? ›

The Top 10 Cities Where the Super-Rich Have Homes
CityPrimary residences or secondary homes
New York21,714
Hong Kong15,175
Los Angeles13,194
6 more rows
3 days ago

What are Britain's most expensive streets? ›

The most expensive street in the whole of the UK, Phillimore Gardens is a prestigious street located in the fashionable neighbourhood of Kensington, West London. The Royal Borough of Kensington and Chelsea is known for its upscale neighbourhoods and high property values, and Phillimore Gardens is no exception.

What is the wealthiest county in England? ›

Greater London

What are the rich towns near London? ›

There are four neighbourhoods in London which are known as some of the most expensive areas in the capital: Mayfair, Kensington, Belgravia and Chelsea.

Who is upper middle class in England? ›

The upper middle class in Britain traditionally consists of the educated professionals who were born into higher-income backgrounds, such as legal professionals, executives, and surgeons. This stratum, in England, traditionally uses Received Pronunciation natively.

What is the poorest area in London? ›

Barking & Dagenham in east London is shown to be the most deprived borough, with 37.1 percent of its residents suffering deprivation in at least one of the categories.

Where should an American live in London? ›

These days, East London is considered to be diverse, vibrant and artistic and this can make it a great place to live as an expat. There are also areas in East London that can be more affordable than other areas, but there are also some trendy and expensive areas like Shoreditch.

What is considered upper class in London? ›

The British "upper class" is statistically very small and consists of the peerage, gentry and hereditary landowners, among others.

Where do British aristocrats live in London? ›

There are few neighborhoods in London as distinguished as Belgravia. Belgravia, set between Chelsea, Knightsbridge and Buckingham Palace, is celebrated for its Regency architecture and for previously being the favored spot of royalty, aristocrats and the glitterati.

Where do most Americans live in England? ›

A recent study in 2021 found that there are approximately 6 million people with non-British nationality living in the UK. And of that migrant population, around 35% live in the capital city of London.

Where do most British Americans live? ›

Predominantly in the South, Northeast and Interior West regions.

Where do the nicest people in England live? ›

Here are Britain's top 10 friendliest places to live.
  • Keswick, Cumbria. ...
  • Falmouth, Cornwall. ...
  • Stornoway, Scotland. ...
  • York, Yorkshire. ...
  • Henley-on-Thames. ...
  • Plymouth. ...
  • Norwich. Norwich was named the happiest city to work in a recent study by the Guardian. ...
  • Shaftesbury.

Where do Britain's richest people come from? ›

The London-based Hinduja brothers, Sri and Gopi, and family are the richest people in the UK with a £28bn fortune, which is up more than £11bn on last year. It is the biggest fortune recorded in the 34 years of publication of the Rich List.

What is the most expensive postcode in London? ›

London's most expensive postcodes

Seeing WK1 topping the list seeing an average asking price of over £7 million. Whilst closely behind lays Hanover Square's W1S and Belgravia's SW1X postcodes, each with average asking prices of over £6 million.

What is the poshest town in England? ›

These are the most desirable places to live. If you've ever dreamt of living in a quaint village, you're not the only one. New research conducted by The Times has uncovered the UK's poshest villages — and Hodnet in Shropshire has taken the top spot.

What US city has the most millionaires? ›

New York is the wealthiest city in the world⁠—home to 345,600 millionaires with a total private wealth that exceeds $3 trillion. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple.

What are the richest regions in the UK? ›

RegionRankGRP per capita (GBP)
United Kingdom32,300
Inner London – West1188,900
Inner London – East250,400
Berkshire, Buckinghamshire and Oxfordshire344,200
38 more rows

What is the nicest area in London? ›

1. Kensington. Having been voted the UK's best place to live, Kensington is an affluent part of west London. Along with world-class shopping facilities and beautiful green spaces, you'll be close to some of London's most popular attractions.

Where are the most expensive flats in London? ›

The OWO Residences are the most expensive flats in London.

What is the happiest neighborhood in London? ›

For the eighth year in a row, Richmond upon Thames has been crowned London's happiest neighbourhood. The borough of south-west London is well-known for its parks and gardens, including the 2,500-acre Richmond Park and Kew Gardens, riverside bars, and the 82,000-seat Twickenham Stadium.

Which part of London has the nicest people? ›

Now, they have crowned the Borough of Greenwich as the friendliest place in London.
Here's a full list of boroughs, in order of friendly to not (as) friendly:
  • Greenwich.
  • Barnet.
  • Merton.
  • Kensington and Chelsea.
  • Hillingdon.
  • Croydon.
  • Brent.
  • Westminster.
Nov 13, 2017

What neighborhood is best to stay in London? ›

Best Places to Stay in London
  • The West End – Best for First Time Visitors. ...
  • Westminster – Best for Tourists. ...
  • London Bridge and the South Bank – Best for Tourist Attractions. ...
  • Soho – Best for Nightlife. ...
  • Kensington – Best Place to Stay in London With Family. ...
  • Shoreditch. ...
  • Mayfair, Belgravia and Victoria. ...
  • Marylebone.
Nov 26, 2021

Where are the most beautiful houses in London? ›

Exploring England, Scotland, and Wales
  1. Hampton Court Palace. Hampton Court Palace and the River Thames.
  2. Kensington Palace. Kensington Palace. ...
  3. Osterley Park. Osterley Park. ...
  4. Kenwood House. Kenwood House. ...
  5. Forty Hall. Forty Hall. ...
  6. Chiswick House. Blue Velvet Room ceiling in Chiswick House. ...
  7. Marble Hill House. Marble Hill House. ...
  8. Syon Park. ...

Who lives at 1 hyde park? ›

One Hyde Park
LocationLondon, United Kingdom
AddressOne Hyde Park: The Residences at Mandarin Oriental, 100 Knightsbridge, London, SW1X 7LJ
Coordinates51.5020°N 0.1613°W
Current tenantsRolex, McLaren Automotive, Abu Dhabi Islamic Bank
18 more rows


1. London Walk | Most Expensive Neighborhood in London MAYFAIR Posh area in Central London [4K HDR]
2. London Walk | Most Expensive Neighborhood in London MAYFAIR Posh area in Central London [4K HDR]
3. London Walk | Most Expensive Neighborhood in London MAYFAIR, St. James Posh area in Central London
4. Most Expensive Neighbourhood in London Kensington | London Walking Tour | 4K Walk
5. London 4K - Rich Neighborhood Drive
(J Utah)
6. London Walk | Most Expensive Neighborhood in London MAYFAIR Posh area in Central London [4K HDR]
Top Articles
Latest Posts
Article information

Author: Reed Wilderman

Last Updated: 21/06/2023

Views: 6230

Rating: 4.1 / 5 (52 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Reed Wilderman

Birthday: 1992-06-14

Address: 998 Estell Village, Lake Oscarberg, SD 48713-6877

Phone: +21813267449721

Job: Technology Engineer

Hobby: Swimming, Do it yourself, Beekeeping, Lapidary, Cosplaying, Hiking, Graffiti

Introduction: My name is Reed Wilderman, I am a faithful, bright, lucky, adventurous, lively, rich, vast person who loves writing and wants to share my knowledge and understanding with you.