The Most Expensive Neighborhoods in London (2023)

FAQs

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.

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.

Virginia Water, Surrey

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

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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).

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? ›

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.

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.

"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.

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

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.

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.

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.

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

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.

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.

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.

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

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.

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.

Predominantly in the South, Northeast and Interior West regions.

Where do the nicest people in England live? ›

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.

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.

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.

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.

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.

The OWO Residences are the most expensive flats 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.

What neighborhood is best to stay in London? ›