LIVING IN LONDON
London Property Market Resilience and evolution in a global city The London property market has demonstrated remarkable adaptability in recent years, despite economic headwinds, inflationary pressures and interest rate fluctuations. The capital’s enduring appeal as a global financial hub, cultural epicentre and educational powerhouse continues to fuel demand across the market. Educational excellence is a major attraction for domestic and international families alike, with many choosing to base themselves here for the duration of their childrens’ school careers. The pandemicinduced ‘race for space’ has reshaped other priorities, with increased emphasis on homes that can accommodate remote work, provide access to green spaces and offer a higher quality of life. This trend has particularly benefited outer London boroughs and the commuter belt, where buyers can find more spacious properties without completely disconnecting from the city’s amenities. Areas such as Richmond, Wimbledon and Wandsworth in particular have seen surging interest from families. The excellent schools,
Chelsea
abundant green spaces and strong community feel in these neighbourhoods have driven some migration from more central locations. Despite this movement, the appeal of being in the heart of the city, combined with the return to offices sustains the popularity of Prime Central London, especially Chelsea, Notting Hill, Knightsbridge and Kensington, with each offering their own distinct ‘village’ atmosphere. With these areas having some of the best independent schools Wandsworth
Kensington
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in the country, homes within close proximity get snapped up incredibly quickly - especially wider family homes with gardens. We’ve seen two recent examples of this with houses near Cameron Vale School in Chelsea and The Knightsbridge School, which both sold within just three weeks of hitting the market, to families who had children enrolled in local schools. Another very popular school is the American School in St John’s Wood, and we have recently had clients who chose to base themselves in Chelsea and
