Maida vale is a residential neighborhood located north of Paddington in the western part of London. It is a prestigious area that houses many old Edwardian private hotels, which have now been transformed into luxurious residences. The neighborhood is partly built on what is called "Little Venice", because here the houses are built directly on the edges of the canal. The canal is decorated with numerous barges and other gondolas for the pleasure of the visitors.It is a peaceful area, where it is nice to come and relax with a drink in one of the many bars or restaurants present.
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.