Chelsea has always been considered as the artistic and fashion center. Located on the banks of the River Thames, this old village was home to painters and other writers of the time. Chelsea attracts for its authenticity, its old shops and numerous bars and restaurants. Considered to be one of the most beautiful neighborhoods of London, it is defined by its many flowery streets and its very upscale standing.
Each year, the floral exhibition of Chelsea is organized and it is nothing more than the world's largest horticultural exhibition.
In addition, many schools are present in Chelsea, making it a residential area that attracts families.
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.