The Most Expensive Areas to Buy Property in London

Discover which are some of the most expensive areas to buy property in London: Westminster, Knightsbridge, Kensington Palace, Chelsea, City Of London, Fulham, Wandsworth & Haringey.

The Most Expensive Areas to Buy Property in London

Westminster is renowned for its iconic places, such as the Houses of Parliament, Westminster Abbey and the world-famous Big Ben. It is a popular place to live for those who can afford it, as many British celebrities have called Chelsea home, including Rowan Atkinson, Sir Richard Branson and Stella McCartney. The City of Westminster is one of the most sought-after areas in central London and is home to many important institutions and places of interest. It is home to Buckingham Palace, the Houses of Parliament and 10 Downing Street, the home of the Prime Minister.

There are a lot of affluent neighborhoods in London, with Knightsbridge and the City of Westminster being among the richest. Kinleigh Folkard & Hayward report that Knightsbridge home prices and property data are traditionally elegant. Kensington Palace is also a popular area, with Kinleigh Folkard & Hayward reporting that Kensington home prices and property data are also high. Chelsea home prices and property data are also expensive, with boutique stores being a common sight.

The rich make up 26% of Chelsea's famous residents. London is one of the oldest cities in Europe, if not the entire world. It has experienced immense expansion over the years, making it an expensive area with a high cost of living in its 32 London boroughs in total. House prices here can reach 30 million pounds, although the average cost is around 1.4 million pounds.

The racial demography of the population is composed of 39.3% British whites, 2.3% Irish whites, 28.9% other whites, 1.1% white, 26% black Caribbean, 1.9% white, 1.9% white, 2% other mixed race, 1.6% Indians, 2.5% other Asians, 3.5% black Africans, 2.1% black Africans, 2.1% black Africans, 2.1% black Caribbean, 4.1% Arabs and the rest of the percentage are from other races. More than 22% of the residents of this area work in the financial sector and the crime rate is 115 crimes per 1000 people - higher than the London average - making it unsuitable for families with children who like to play outdoors. Kensington Gardens are located here and are shared with the City of Westminster - an excellent park for recreational activities - making it an ideal area for families with older children or art lovers alike. The most famous market in this area is the Camden Market which offers food, shopping and recreational activities such as Babylon Park theme park. The City of London is primarily for those who want to live close to their workplace as it is located next to Canary Wharf - London's central business district - and houses more than 500 banks as well as the London Stock Exchange. As a business capital it represents 2.4% of the total GDP of the United Kingdom.This small area can be quite expensive as it has an average rental price of 2,230 pounds per month and a crime rate of 103 crimes per 1000 people - higher than the London average - making it unsuitable for families with young children. Fulham is a football club that hosts this area and aims to have zero carbon emissions by 2030 while offering free home social assistance - making it an excellent area for those who respect the environment and society alike. With an ultra-low crime rate of 57 crimes per 1000 people it's one of the safest areas on this list and offers 64 elementary schools making it an excellent choice for families with young children. The demographics of this area are mainly comprised of middle to upper class residents with 72% white 11% Asian and 11% black while having a crime rate of 106 crimes per 1000 people. Wandsworth is an area similar to Richmond on Thames only in central London with a low crime rate of 75 crimes per 1000 people while Haringey offers 64 elementary schools making it an excellent choice for families with young children. Barnet is an excellent residential area for middle income families with more than 200 parks and 32000 trees ensuring that there is always a park nearby while having a low crime rate of 102 crimes per 1000 people.

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