South Kensington is an affluent district of West London which is globally renowned for its large range of free museums, its beautiful Royal Parks and its upmarket attractions. South Kensington is referred as one of London's wealthiest areas and became a world-class destination for travelers from all over the world. Its opulence doesn’t detract from the neighborhood’s inviting nature. In this district, characterized by grand architecture, million-pound mansions are proposed to people who want to benefit from a royal elegance.
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.