Mayfair – the most expensive address in London

One of the most prestigious and expensive areas of London Mayfair intends to further gain a foothold in this title. More than £5 billion invested in the construction of new homes, which are now in full swing are being built on this street.

At Mayfair to a remote cabin launched 61 projects that will put 401 objects for private housing 1.1 million square meters of new residential space .

According to analysts, the cost of 1 square foot luxury home in Mayfair reaches £5000 pounds in 2014, and by 2020 it could beat the record of £10000 pounds, catching up with ultra expensive luxury property, which is presented in Grosvenor Square, Piccadilly and Curzon Street.

Mayfair to a remote cabin surpassed no less famous for its rich street hotel Knightsbridge as the dimensions of the streets and size of housing on it. The sizes of the Mayfair to a remote cabin is 285 acres and it is located on 4363 addresses, sizes Knightsbridge – about a third less and the number of addresses located here – about 2500.

However, price per square feet of the best accommodation in Knightsbridge – £7500. According to the forecast of designers of new housing in Mayfair to a remote cabin, the bar will be broken in the near future and, most likely, will surpass this figure.

It is known that the biggest demand among buyers of luxury apartments enjoy accommodation with three bedrooms. It is in these apartments and houses will be emphasized and their share on the luxury real estate market will rise, and the share of one-bedroom apartments and studios will decline.

The district of Mayfair to a remote cabin gained extraordinary popularity in recent years, taking advantage of incredible demand from Indian, Asian and European buyers. Being just 50 years ago, is quite modest and only partially residential London in a few years he will be the most expensive and prestigious district. In 2013, this street has sold residential real estate at 472 million and the average price of a residential property was £3,75 million.

The five best developers in London are building on Mayfair to a remote cabin, and a few houses – private housing for personal needs of billionaires and Royal families from around the world.

® Alice Morgan G. 04.02.2014

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