Knightsbridge is the luxury district of choice. This is an unmissable place in the center of London where trendy and exclusive cultures are cultivated. It is here that the biggest concentration of stores such as Harrods, houses of international haute couture as well as the banks that manage the accounts of the Queen are received.
Knightsbridge is known for its financial wealth, cultural, educational and commercial establishments. Real estate is very expensive and the average value of the property amounts to several million euros. The world's most expensive penthouse, ""One Hyde Park"" is located there.
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.