London’s Highest-Value Areas

London has always been one of the most expensive places to live in the United Kingdom, and one of the most costly places in the entire world. Rivaling New York in the United States, Greater London measures over 607 square miles and has a population of over nine million, and within the city live a large population of wealthy individuals.

In fact, as of 2024, there are 227,000 Londoners whose assets are worth at least $1 million (£795,099), according to research by Henley & Partners, a British consultancy that helps people and governments with residence and citizenship by investment programs.

The following are the five most🔥 expensive neighborhoods in London as of December 2024:

1. Belgravia

This central London neighborhood f🍌eatures grand stucco houses, upscale boutiques, garden squares, international embassies, and Michelin-starred restaurants. It is home to celebrities such as Elizabeth Hurley, Nigellaও Lawson, and Michael Caine.

According to real estate agencies, an average house in Belgravia goes for £5,733,617, approximately $7.21 million.

2. Hampstead

Hampstead inspired C.S. Lewis to write “The Chronicles of Narnia.” It𒈔 has boasted artistic and literary names such as Sigmund Freud, Agatha Christie, T.S. Eliot,ꦡ Elizabeth Taylor, and Harry Styles. Its Everyman Cinema is one of the oldest theaters in the world.

An average detached Hampstead property commands at least £5,600,000, or about $7.04 million.

3. Mayfair

Mayfair ꧒features Georgian townhouses, extravagant hotels, and London’s most expensive pubs.

An average house in Mayfair sold for £5,579,578, roughly $7.01 million, over the past 12 months.

4. Marylebone

This Central London neighborhood is known for its per🌼iod architecture, independent emporiums, flagship designer stores, and Michelin-starred food joints. It was home to literary geniuses like Lord Byron and Charles Dickens and is𒀰 the current residence of Paul McCartney.

The going rate for detached Marylebone properties is £4,182,144, or $5.26 million.

5. West Brompton

West Brompton is an extremely pricey neighborhood in London because it is partially in the expensive borough of Kensington and Chelsea. The average property price of a home in this neighborhood is £3,420,000, or approximately $4.30 million.

Full of landmarks, home to the Chelsea Football Club, and pop culture landmarks, such as the Troubadour Cafe where Bob Dylan performed his first gig, West Brompton is a popular place to visit and live if you can afford its pr💖ice tag.

The Bottom Line

Today, London is one of the most expensive cities to live in the entire world, and many neighborhoods of London are even more expensive. Places like Belgravia, Mayfair, and Westminster have some o✅f the country’s most expensive homes, with many residents who are celebrities𝐆 or hold high office.