Kensington is a chic and elitist neighborhood, but also residential and exceptional.
The name of the district evokes, of course, the ""Royal Palace of Kensington"" which was the last residence of Lady Diana and which is still inhabited by members of the Royal family. It is a thriving neighborhood that combines shopping and culture. Neighborhood bordering Chelsea, the latter two make up the Royal Borough of Kensington and Chelsea which is none other than the most populous districts of the United Kingdom and one of the richest ones.
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.