Mayfair is an affluent area of Westminster, London, England, in the City of Westminster. It is in Central London and part of the West End. It is between Oxford Street, Regent Street, Piccadilly and Park Lane and one of the most expensive districts in the world.
The majority of its opulent homes, owned by investors and oil tycoons, receive use for up to six weeks in an exceptional year. Currently, Mayfair is one of London's most exclusive and expensive areas, known for its luxury shopping, fine dining, and high concentration of embassies and diplomatic residences.
As of 2025, the New York metropolitan area is the world's principal fintech and financial center and the largest metropolitan economy in the world, with a nominal gross metropolitan product of over US$2.5 trillion.
Nestled in the Royal Borough of Kensington and Chelsea, Knightsbridge is London's most expensive neighbourhood with an average home price of £3.3 million. Some exclusive properties can reach a staggering £25 million.
Mayfair became home to wealthy merchants, bankers, and industrialists, as well as members of the aristocracy. At the same time, Mayfair's streets were lined with high-end shops, theatres, and restaurants. It wasn't just a residential area—it had become a social hub for London's elite.
Let's take a walk through London's most prestigious neighbourhood's. When it comes to luxury, Knightsbridge is unmatched. Home to Harrods, Hyde Park and some of the city's most elegant residences, this area is a magnet for international billionaires, celebrities and royals alike.
One of the most exclusive clubs in London is Maddox, Maddox is a private members' club located in Mayfair since 2007. Maddox does have a reputation offering the best nights out in London.
The four boroughs with the highest levels of child poverty are all in Inner and East London - Hackney, Islington, Tower Hamlets and Newham. In these boroughs, more than 40% of children are in poverty.
New York City, often referred to as the "financial capital of the world," leads the list as the richest city in 2024. With over 340,000 HNWIs and total private wealth exceeding $3 trillion, NYC is home to Wall Street, luxury real estate markets, and global corporate headquarters.
The authorities banned it in 1764 because it was too raucous. Today, Mayfair is one of the most expensive London neighborhoods. Its luxury accommodations have been home to Clive of India, Disraeli, Handel, Florence Nightingale, Jimi Hendrix, Dodi Fayed, and Earl Mountbatten.
The French composer Frederick Handel also called Mayfair home for the last thirty years of his life, and to this day the area is popular with musicians, celebrities and models, who appreciate its exclusive central location, including, from the past and present: Andrew Lloyd Webber, Oscar Wilde, Vivien Leigh, Jimi ...
Mayfair has become one of the most prestigious areas in London, offering premium bars, restaurants, hotels, garden squares, and a wealth of cultural and tourist attractions.
The Bishops Avenue. The Bishops Avenue, London N2, connects the north side of Hampstead Heath at Kenwood (Hampstead Lane), Hampstead to East Finchley and lies near or, at the south end, on the boundary between the London Boroughs of Barnet and Haringey. It is considered to be one of the wealthiest streets in the world.
Mayfair has been witnessing a steady surge in prime properties – the average price of a second-hand house sold in early 2024 is £57.8 million (the average size being 12,356 square feet), and the average price for an apartment sized roughly 2,850 square feet is £10 million.
Where do billionaires live in London? Billionaires in London often reside in affluent neighbourhoods like Mayfair, Belgravia, and Knightsbridge. These areas are renowned for their luxury properties, exclusive amenities, and proximity to high-end shopping and cultural attractions.
The area with the roughest reputation in London is Westminster, recording the highest crime rate of 432 crimes per 1,000 people in the year ending December 2024—though this is likely skewed by massive daytime footfall from tourists, which inflates the crime-per-resident ratio.
West London is generally considered the most posh, encompassing prestigious areas like Chelsea, Kensington and Belgravia. These areas are known for their elegant architecture, high-end boutiques and serene garden squares, contributing to their reputation for affluence.
While many of the wealthy individuals on the list live in London, there are some exceptions. Gopi Hinduja and his family are number one for both Britain and London, with a collective value of £35 billion. That's despite losing £5.2 million a day over the past 12 months due to a $14 billion family legal feud..
The Mayfair postcode is W1. Mayfair is generally considered a safe neighbourhood with a low crime rate. The area is famous for its affluent residents, upscale shopping streets like Bond Street, world-class art galleries, exclusive members-only clubs, and its reputation as a luxurious and high-end area of London.
