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.
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.