Covent Garden is a district of Westminster, in Greater London, situated on the eastern fringes of the West End. It was named in reference of the Abbey of Westminster as the land belonged to the monument and was used as a vegetable garden before becoming a market place. This dynamic area is a cultural and commercial district which offers a unique experience to its visitors thanks to its upscale shops, its large range of trendy bars, fine restaurants and fashionable cafés but also thanks to its street artists, its iconic buildings and its popular markets. All these elements led the buzzing city of Covent Garden to become an architectural masterpiece which attracts travelers from all over the world. Besides, Covent Garden is one of London's hottest shopping destination which welcomes a blend of global brands, from Apple to Channel, alongside independent retailers. This world-class destination has everything to seduce you.
Since 2011, the property prices have risen by 29% in the United Kingdom and particularly in London, where prices reached a high record . According to UBS, the Swiss banking industry heavyweight, the risk of a housing bubble is high.
Therefore, in order to stop the price boom, the British government proposed solutions in its real-estate white paper of February 2017.
Besides, because of Brexit, the country may have a lower growth compared to the past years, with a loss of purchasing power for UK residents and a potential inflation rise. This phenomenon may have an impact on housing prices which may increase more slowly in London and which may favour foreign buyers.