London’s property market continues to thrive, with its most exclusive areas commanding the highest prices per square metre. In this post, we’ll explore the top neighbourhoods in Central London based on price per square metre as of September 2024, provide a detailed table, and highlight the reasons behind these premium values.
Top Neighbourhoods by Price Per m²
Here are the most expensive neighbourhoods in Central London ranked by their average price per square metre:
| Neighbourhood | Average Price Per m² (Sept 2024) |
|---|---|
| Mayfair | £21,000 |
| Knightsbridge | £20,500 |
| Belgravia | £19,500 |
| Chelsea | £18,500 |
| Kensington | £18,000 |
Why Are These Areas So Expensive?
Several factors contribute to the high prices in these prime Central London neighbourhoods:
- Proximity to Luxury Amenities: These areas offer unparalleled access to London’s best restaurants, shopping destinations, and cultural landmarks.
- Exclusive Properties: The properties in these neighbourhoods are often historic, grand homes with private gardens, cutting-edge security, and bespoke interior designs.
- High Demand: There is continued interest from high-net-worth individuals globally, particularly cash buyers, which helps maintain high prices.
Price Trends Over the Last 4 Years (Graph)
The graph below illustrates the average price per square metre trends over the past five years in these top Central London neighbourhoods:
Source of Information: Data was sourced from Savills and Evening Standard. The prices are accurate as of September 2024, with some data taken from the most recent Q2 reports (July 2024).
Conclusion
Investing in Central London’s prime areas offers the perfect balance of luxury living and excellent capital growth potential. Whether you are looking to buy in Mayfair or Knightsbridge, Buy UK Homes is here to help you find the perfect property. Contact us today to learn more about exclusive listings in these high-demand areas.
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