London’s Mayfair Becoming Top Prime Market, Again!

The rare air of Mayfair has inspired wonder for many generations, mainly thanks to its position on the Monopoly board. However, since World War II, the real world has left Mayfair failing to meet the prestige inherent in its name. The great news is that Mayfair is fast recovering its status as one of the UK’s top prime markets, with new build schemes hovering around £5000 per square foot. Best Gapp, an estate agent in Mayfair have looked at and highlighted what modern Mayfair has to offer.

Michelin Star Restaurants

Heavyweights such as Gordon Ramsay have earned Michelin stars in Mayfair, while awarded international cuisine can be found throughout the area. In a city blessed with some of the world’s best restaurants, Mayfair’s dining establishments exist in a sphere of their own. This has helped re-establish Mayfair’s position as one of the world’s most desirable places to live.

A Neighbourhood of Royalty

Queen Elizabeth II was born in Mayfair, and the area has always played host to members of the royal family. Other famous inhabitants throughout the years include Oscar Wilde, Jimi Hendrix, and Andrew Lloyd Webber. If an address is only as good as those who live in it, Mayfair is one of the best addresses you can have.

Private Members’ Clubs

Some of London’s most exclusive private member’s clubs can be found in Mayfair. From the mainstay that is Morton to newcomers such as Little House. Don’t forget Annabel’s, one of the world’s most prestigious and discrete clubs, and the favourite of aristocrats and A-listers alike.

Public Gardens

In a city as frenetic as London, green spaces are essential. Mayfair is surrounded by some of the most famous parks in the world. The 350 acres that make up Hyde Park lie to the west, while the gardens of Buckingham Palace, St. James’s Park and Green Park are in the south. Hanover Square, Berkeley Square, and Grosvenor Square are three of the oldest Georgian garden squares in London, and Mount Street Gardens offer peace and tranquillity.

Secret Gardens

It seems every inch of London has been mapped – why shouldn’t it be? Well we all know London is a word class city.  However, Mayfair offers three gardens that are so secret they don’t appear on maps, can’t be seen from the street, and can only be accessed from the 75 properties that surround them. The calm of these gardens is a wonder to behold, and their existence has helped make Mayfair one of London’s select addresses.

Where Property Trumps Postcode

Mayfair’s name is synonymous with sophistication, but this isn’t the only thing driving buyers to Mayfair. Wealthy London buyers are demonstrating a preference toward the right property, leaving postcode envy for the rest to squabble over. Savvy developers have discovered that building and finishing properties to the highest standards is the best way to attract wealthy buyers. The heady combination of Mayfair’s address and the perfect property has seen the cache of this area rise significantly.

It’s wonderful to see Mayfair reassert its prestige. If you’re looking for a top prime location in London, you won’t find better than this.

Image credit: www.flickr.com (advencap)

Alex Evans

You May Also Enjoy

Estate Agent Talk

Upfront information: homebuyers want confidence as much as speed

What movers want from upfront information, and it isn’t only speed Having a survey, legal pack and chain details before making an offer would help more than eight in ten respondents, according to LRG’s latest sales report Of the 553 who answered the question, 41% said they would offer with more confidence, although not necessarily…
Read More →
Estate Agents should not all look the same
Estate Agent Talk

How Financial Anxiety Drains Entrepreneurial Energy

Financial anxiety can consume the attention and stamina that business owners need for planning, problem-solving and leading a team. A late payment, an unexpected tax bill or a weak sales month may trigger worry long after working hours have ended. Over time, that mental strain affects sleep, concentration and confidence. The answer starts with creating…
Read More →
Letting Agent Talk

How to future-proof a rental property for changing tenant expectations

Over the past decade or so, tenants have become far more discerning. For more and more people, renting is a long-term prospect and today’s tenants expect their homes to be as safe and comfortable as any home they would own themselves. And as legislation around standards and health and safety in the private rented sector…
Read More →
Breaking News

More than a third of homes undergo price reduction

The latest research from GetAgent.co.uk has revealed that more than a third (34.4%) of homes sold subject to contract (SSTC) across Britain’s major cities have undergone an asking price reduction, with this figure climbing to more than half in Bournemouth, raising questions over whether sellers, and their agents, are pricing their properties realistically when first…
Read More →
Breaking News

‘Explosion’ in e-signature use at Land Registry spells progress for homebuying reform

The number of e-signatures used at Land Registry has exploded in the latest quarter — jumping more than ten times in just three months to 643, Novus Strategy can reveal. Qualified Electronic Signatures (QES) are a central plank of the revolution unfolding in homebuying because they reduce friction and save time. It’s a combination of…
Read More →
Letting Agent Talk

The Flats Above the Shop Problem

Why residential property hidden inside commercial ownership keeps causing trouble By Adam Hills, Client Services Director, LRG Living Markets Somewhere in many commercial property portfolios sits a small collection of front doors that was never really part of the plan. Many large and small retailers inherit residential property portfolios by default as part of mixed-use…
Read More →