In terms of pricing, Mayfair and Knightsbridge both have their prime addresses which achieve some of the highest pound per square foot rates in London, if not the world” says. The real difference is lifestyle; whereas Mayfair would be considered more central London and closer to the amenities that central London has to offer, Knightsbridge is considered to offer more “green and leafy” living with attractive Gardens Squares such as Ennismore Gardens, Cadogan Square and Hans Place.
There are areas such as “Knightsbridge Village” that offer properties such as our house for sale on Montpelier Place that form part of a community which one tends not to find in Mayfair. It is this village feel that can generate a premium on price. Both areas offer a plethora of lifestyle amenities so the location of a purchase often boils down to personal preference. We find that buyers will come to us looking for a property in either Knightsbridge or Mayfair. Many buyers will look at Mayfair but find that Knightsbridge generally offers addresses that are more discreet with more scenic views.
In terms of future prospects, there is a limit to the amount of new stock coming to the market due to the fact that the vast majority of land has been built on. This ensures that prices in these areas are maintained, making them excellent areas in which to invest.
The above comments by Jamie Hope, Managing Director, Sales at Maskell, are from an article in International Property & TRavel Magazine