Still, only the truly wealthy can afford to buy here. “While some buyers need to transact due to personal circumstances, there is another group that has now decided now is the time to buy in London given the price reductions that have taken place and the extremely favorable currency discount,” said Stuart Bailey, head of Knight Frank Belgravia. More: New York, Miami and Paris May Benefit from a Stabilizing U.K. Today, the area, which was developed in the 1820s as a neighborhood for the wealthy classes, with elegant garden squares and terraces of white stucco-fronted houses with pillared porches and black wrought-iron detailing, is synonymous with the super-rich and luxury lifestyle.ĭemand remains “robust” in Belgravia, and the number of exchanges has increased this year, according to Knight Frank’s 2019 Belgravia Insight report, but the market, like the rest of prime central London, or PLC, has seen price adjustment due to political uncertainty. There are few neighborhoods in London as distinguished as Belgravia.īelgravia, set between Chelsea, Knightsbridge and Buckingham Palace, is celebrated for its Regency architecture and for previously being the favored spot of royalty, aristocrats and the glitterati.
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