Amongst the ever-evolving landscape of the property market, Knightsbridge remains a beacon of luxury, securing its position among the top 10 most expensive streets in the UK. As 2024 unfolds, Knightsbridge emerges as a focal point for overseas buyers, reaffirming its allure and resilience in the prestigious property sector.
Buckingham Gate SW1- One of the exceptional properties presented by Knightsbridge Prime Property
In sought-after locations like Mayfair, Belgravia, and St James’s, overseas buyers continue to play a significant role in shaping the high-end property market. Notably, individuals from Saudi Arabia, the United Arab Emirates, and the USA stand at the forefront of acquiring prime properties in these wealthy neighbourhoods.
In 2024, there's optimism for the property market, and Knightsbridge is still attractive to wealthy buyers worldwide. Despite ups and downs in the market and uncertainties in global politics, the luxurious homes in Knightsbridge stay popular.
Founder of Knightsbridge Prime Property, Raj Gill, expresses confidence in the market, stating, “Knightsbridge has always been a symbol of luxury and sophistication. Its ongoing place in the top 10 most expensive streets in the UK shows it's consistently attractive. In 2024, we're optimistic, as international buyers recognise the value and prestige of Knightsbridge properties.”
The world's wealthiest individuals continue to show strong interest in prime properties in the UK capital, with a remarkable 3,194 billionaires globally investing a substantial part of their wealth in residential properties. London experienced a noteworthy rise in cash transactions during the first half of 2023, making up 59% of high-value property sales, up from 47% in the same period in 2022.
Highlighting how strong London's desirable property market is, rents in Knightsbridge and nearby areas went up by 8.8% in the first half of 2023, now being about one-third higher than before the pandemic. Predictions suggest rents will keep increasing, with an expected 18.7% increase by 2027. Wealthy renters worldwide are choosing places like Regent’s Park, Primrose Hill, St John’s Wood, and Hampstead for their bigger outdoor spaces.
As Knightsbridge Prime Property navigates the evolving property landscape, it continues to be a sought-after destination for those seeking unparalleled luxury and timeless elegance.
Knightsbridge Prime Property is London’s fastest-growing Prime Central London agent. Dealing with Luxury Lettings and Sales Properties ranging from high-quality homes priced from £1,500 per week to £100,000 per week and sales properties priced from £2 million up to £200 million. Our specialist team of experts have unparalleled knowledge of every prime London area and covers all London neighbourhoods surrounding Hyde Park and Regent’s Park, selling and letting homes in Knightsbridge London, Mayfair London, Marylebone London, Bayswater London, Lancaster Gate London, Queensway London, Notting Hill London, Kensington London, South Kensington London, Chelsea London, Regent’s Park London and Hyde Park London. Our central office location based in Mayfair makes it easy for our agents to show prospective buyers and tenants around properties at short notice. Knightsbridge Prime Property has one of the largest, most exclusive databases of worldwide high-net-worth individuals with principal clients including CEOs of Global companies, Royal Families, Family Offices and Entrepreneurs. We professionally vet our landlords, tenants, vendors and buyers to ensure we only deal with high-quality and trustworthy people.