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It’s not tricky to spot a posh person out in the wild in London. They’ll normally be doing stuff like jaunting down luxury shopping streets, visiting multiple Michelin-star restaurants or attending a night at the opera. And at the end of the day, they’ll go back to their London home worth a few million or more.
But which part of London has the largest population of poshos? Well, new research by property brokerage Jefferies James could tell us. It has done some digging into which London areas are home to the most ‘prime’ properties, defining ‘prime’ has anywhere that has an asking price upwards of £2 million. It found that across the whole city, around 6 percent of all properties are on the market for two mill or more.
Kensington and Chelsea has the largest proportion of posh homes in the city. Just over 32 percent of its properties that are listed right now are on sale for £2m or above. The City of Westminster is right behind it with 30.9 percent of its properties on sale for two mill or more.
If you know London, it’s hardly surprising news. Both west London boroughs are home to the vast majority of the most expensive streets in the whole of the UK, in the likes of Knightsbridge, Mayfair and Belgravia.
The borough of Camden was next with 15.5 percent of properties costing from £2m, then it was the City of London with 13.2 percent and Hammersmith and Fulham with 10.8 percent. Other boroughs with more ‘prime’ properties than London’s overall average were Richmond upon Thames, Barnet, Islington and Wandsworth.
At the bottom of the pack was the borough of Barking and Dagenham, which apparently had a grand total of zero properties on sale for over £2m at the time of the study.
Full ranking of London’s boroughs from most to least posh (based on total property listings priced over £2 million)
- Kensington and Chelsea: 32.3 percent
- Westminster: 30.9 percent
- Camden: 15.5 percent
- City of London: 13.2 percent
- Hammersmith and Fulham: 10.8 percent
- Richmond upon Thames: 7.9 percent
- Barnet: 7.6 percent
- Islington: 7.3 percent
- Wandsworth: 6.5 percent
- Merton: 5.7 percent
- Lambeth: 4.7 percent
- Hackney: 4 percent
- Southwark: 3.7 percent
- Haringey: 3.3 percent
- Kingston upon Thames: 3.3 percent
- Ealing: 2.7 percent
- Brent: 2.5 percent
- Hounslow: 2.5 percent
- Bromley: 1.9 percent
- Harrow: 1.3 percent
- Greenwich: 1.1 percent
- Enfield: 1 percent
- Tower Hamlets: 0.9 percent
- Havering: 0.8 percent
- Redbridge: 0.7 percent
- Hillingdon: 0.7 percent
- Croydon: 0.5 percent
- Sutton: 0.5 percent
- Lewisham: 0.3 percent
- Waltham Forest: 0.2 percent
- Newham: 0.2 percent
- Bexley: 0.1 percent
- Barking and Dagenham: 0 percent
It’s official: London is one of the world’s top five most expensive cities.
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