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House/Villa
6 Bedrooms
375 m²

Mayfair, Knightsbridge, Chelsea, and South Kensington concentrate sales of high-value and even exceptional properties, with an average transaction price of more than £7 million, compared with the London-wide average of £690,000.
These districts also host the most expensive properties: for instance, Tom Ford recently purchased a house in Chelsea for £80 million. The French community often gravitates toward the Lycée Charles-de-Gaulle in South Kensington. Fulham, located in West London, is also highly fashionable. Its tree-lined red-brick houses, well served by buses and the Underground, are very popular, with a far more affordable average price of around £1.1 million.
Outside the City and Canary Wharf, where skyscrapers dominate, townhouses are particularly prized. This market attracts many buyers. These houses often come with gardens and benefited from the Covid-19 effect and successive lockdowns, which increased demand for properties with outdoor space.
Positive news seems to be returning to the London property market: renewed political and fiscal stability with MPs elected for five years, falling interest rates, a decline in inflation that appears lasting, and a relatively strong economy with a financial sector that remains Europe’s benchmark despite Brexit and relocations.
The market is expected to regain stronger momentum, possibly on the basis of more reasonable prices. Indeed, attractive, well-located properties in good condition or renovated, designed to suit an entrepreneur’s needs (sometimes complex), and correctly priced, continue to find buyers.

It is traditionally very international, even though the local market has shrunk since Brexit and the UK’s exit from the European Union.
The absence of certain strong nationalities could discourage some wealthy families from leaving the United Kingdom.
The signs appear positive, and the removal of the tax surcharge for foreign investors could trigger a new wave of high-end purchases.