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TEMPO.CO, Jakarta - As one of the world’s giant economies, the United Kingdom boasts some of the richest neighborhoods in London, a city where around 227,000 millionaires are comfortably residing. Rivaling New York, London is ranked fifth in the World’s Wealthiest Cities Report 2024, where affluence, extravagance, and wealthy individuals engage in a thriving community.
In this article, we will explore London’s top wealthiest neighborhoods as taken from Investopedia and Sotheby’s International Realty.
Richest Neighborhoods in London
Chelsea, Knightsbridge, and Kensington are constantly attributed to the richest neighborhoods in London, with several areas mentioned below.
Chelsea
Renowned for being a retired London’s bohemian nirvana, Chelsea is an affluent neighborhood in West London that houses culturally impactful celebrities like the Rolling Stones, the Beatles, the Beckhams, Rowan Atkinson, Mick Jagger, and Elton John. As a popular spot for wealthy individuals, Chelsea offers extravagant abodes, with the average price sitting at £28.9 million.
Once called a village of palaces, Chelsea’s atmosphere is now filled with glamorous pubs, designer boutiques, and high-end eateries.
Knightsbridge
According to Investopedia, Knightsbridge is one of the wealthiest neighborhoods in the world that cater to wealthy individuals. A large portion of the affluence in the area reportedly comes from Russian oligarchs and millionaires who bought Knightsbridge properties, as per the British media. For an average property priced between £4,328,333 and above, this neighborhood continues to be one of London’s most sought-after locations.
Kensington
Kensington is said to be the United Kingdom’s real estate jewel due to the lucrative nature this neighborhood brings. Housing significant historic sites like museums, royal gardens, concert halls, and galleries, Kensington flaunts a highly exclusive appearance. Individuals need to spend at least £3,173,000 to call the neighborhood a home.
Aside from being the official residence of the Duke and Duchess of Cambridge, British celebrities, politicians, and entrepreneurs like Madonna, Sir Richard Branson, Lakshmi Mittal, and Eric Clapton are also among the homeowners of the Kensington neighborhood.
West Brompton
Partially located in the affluent borough of Chelsea and Kensington, West Brompton secures a place on the list of the richest neighborhoods in London, with an average home property priced at £4,204,556. Upon closer look, West Brompton is brimming with lush hotels, fine dining options, and listed historic sites. Alongside its luxurious amenities, the area is home to the renowned landmark of Chelsea Football Club.
City of Westminster
Sprawled across Central and West London, the City of Westminster is home to the Houses of Parliament and most of the British Government residences. This has signified the neighborhood’s position as one of London’s affluent areas, with an average price of a detached property priced at £2,585,000.
Among other notable landmarks, this borough also houses outstanding landmarks in the United Kingdom, such as Oxford Street, Bond Street, and Regent Street. Hyde Park, Soho, Buckingham Palace, Trafalgar Square, and Westminster Abbey.
London stands as a beacon of global affluence, with its richest neighborhoods showcasing a seamless blend of history, culture, and luxury. From Chelsea's glamorous charm to Kensington's regal allure and Knightsbridge's international prestige, these areas are buzzing with wealth. For more of the UK's extravagant treasures, see also the richest person in the UK.
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