"Kensington and Chelsea has the largest proportion of posh homes in the city, with over 32 percent of properties listed for £2m or more."
"The City of Westminster follows closely with 30.9 percent of its properties also on sale for £2m or more, making it a hotspot for luxury real estate."
"Research shows that only 6 percent of all properties in London are priced at £2 million or above, with several boroughs surpassing this average significantly."
"Barking and Dagenham ranks the lowest, with zero properties over £2 million, highlighting the stark disparity in London's property market."
New research by property brokerage Jefferies James identifies London's boroughs with the highest concentration of 'prime' properties, defined as those priced at £2 million or more. Kensington and Chelsea leads with over 32% of its listings in this category, followed closely by Westminster at 30.9%. Other notable boroughs include Camden, the City of London, and Hammersmith and Fulham. While areas like Barking and Dagenham have no properties priced over £2 million, the study underscores London's diverse property landscape and highlights significant disparities across different boroughs.
Read at Time Out London
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