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.
- 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.
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.
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.
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.
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.
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.
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.
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.
- 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.
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? ›
- 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.
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? ›
|Hong Kong||Hong Kong||1|
|United States of America||New York||2|
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.Where do the rich and famous live in England? ›
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.Which town in England has the most millionaires? ›
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? ›
- 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.
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.
"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? ›
|World rank||Name||Net worth (USD)|
|18||Jim Ratcliffe||32.0 billion|
|64||Hinduja family||19.8 billion|
|65||David and Simon Reuben||15.3 billion|
|250||Ian and Richard Livingstone||5.8 billion|
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.
|City||Primary residences or secondary homes|
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? ›
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? ›
- 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. ...
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.
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? ›
|Region||Rank||GRP per capita (GBP)|
|Inner London – West||1||188,900|
|Inner London – East||2||50,400|
|Berkshire, Buckinghamshire and Oxfordshire||3||44,200|
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? ›
Here's a full list of boroughs, in order of friendly to not (as) friendly:
- Kensington and Chelsea.
What neighborhood is best 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. ...
- Hampton Court Palace. Hampton Court Palace and the River Thames.
- Kensington Palace. Kensington Palace. ...
- Osterley Park. Osterley Park. ...
- Kenwood House. Kenwood House. ...
- Forty Hall. Forty Hall. ...
- Chiswick House. Blue Velvet Room ceiling in Chiswick House. ...
- Marble Hill House. Marble Hill House. ...
- Syon Park. ...
|One Hyde Park|
|Location||London, United Kingdom|
|Address||One Hyde Park: The Residences at Mandarin Oriental, 100 Knightsbridge, London, SW1X 7LJ|
|Current tenants||Rolex, McLaren Automotive, Abu Dhabi Islamic Bank|