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Mayfair


United Kingdom - London

7.5°C

Mayfair - London

Located in the heart of London, Mayfair has become a prestigious district, renowned and above all highly sought after. Taking its name from a famous cattle fair, the neighborhood was remodeled thanks to the work of the architect Edward Shepherd.
Later, the upper London bourgeoisie came to settle where there are many Victorian buildings.
Overtime, Mayfair has managed to maintain this very bourgeois touch, and today we find in its shopping streets the largest international brands of luxury, ready to wear and jewelry. On the outskirts, there are two prestigious parks, Hyde park and Green park, where you can visit numerous museums or come and practice an outdoor sport.

Market overview

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.

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London
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London is the capital and the largest city in the United Kingdom. In addition to being an important economic, financial and artistic center in the world, London is renowned for being one of the most beautiful cities on the planet, but also one of the most diversified in terms of population.London is also a city of history and includes many historic buildings, which today have left a very important residential housing stock.Georgian house, luxury apartment and luxury condo, have made of London one of the most prestigious and most expensive cities in the world. The London climate perfectly symbolizes the oceanic climate, including regular rainfall throughout the year and a very limited amount of sunshine.London is also considered as green ...

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