Grosvenor Square in London's Mayfair is the UK's most expensive street, with an average home selling at £20.35 million ($25.73 million), figures show.
The square, established in the 18th century, has long been associated with prestige and high social standing.
Its proximity to central London's key cultural and economic areas makes it highly sought after.
The UK’s 10 most expensive streets are all in London, with an average price tag of more than £14.5 million, research from the Halifax bank found.
Close competitors to Grosvenor Square in terms of price include Clarendon Road in Notting Hill and Knightsbridge road.
Both areas have average property prices around the £20 million mark.
The contrast between these high-priced areas and the average UK house price, which stands at £283,615, is stark.
Homes in the most expensive streets are about 72 times more expensive than the average UK home.
London's position as a leader in the luxury property market is clear but there are also high-value properties outside the capital.
East Road in Weybridge, Surrey, for instance – about 30km from central London – has an average home price of more than £9 million, making it the most expensive street outside of the capital.
In Wales, the most expensive streets start at about £1.3 million.
Kim Kinnaird, mortgages director at Halifax said: “Buying any home is expensive and likely to be the biggest single purchase most people will ever make.
“Purchasing a property on one of Britain’s most expensive streets comes with a colossal price tag and it’ll be no surprise that house prices in London continue to dominate, with the top 10 priciest streets to buy a home all in the capital."
According to Beauchamp Estates, a super-prime estate agent, London's luxury property market has undergone a significant increase in activity, with a notable rise in the average value and size of properties sold in Mayfair compared to previous years.
Luxury Mayfair penthouse sold for £30 million
A businessman from Abu Dhabi recently acquired a luxurious penthouse in Mayfair, London, for £30.45 million.
The transaction involved three properties within Greybrook House, a Grade II listed building known for its Art Deco style.
This acquisition marks one of the largest apartment transactions in Mayfair for 2023.
Lord Byron's former Mayfair residence on sale
The former Mayfair home of Lord Byron has been placed on the market.
The property, at 139 Piccadilly, is not only steeped in literary history but also has a rich architectural heritage.
The Grade II town house, spanning 15,339 square feet over six floors, is currently valued at £29.5 million. However, with plans for refurbishment, its worth is projected to exceed £70 million.
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
More on animal trafficking
Results
5pm: Maiden (PA) Dh80,000 (Turf) 1,200m. Winner: Majd Al Megirat, Sam Hitchcott (jockey), Ahmed Al Shehhi (trainer)
5.30pm: Handicap (PA) Dh80,000 (T) 1,600m. Winner: Dassan Da, Patrick Cosgrave, Helal Al Alawi
6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Heba Al Wathba, Richard Mullen, Jean de Roualle
6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m. Winner: Jawal Al Reef, Richard Mullen, Ahmed Al Mehairbi
Handicap (TB) Dh100,000 (T) 2,200m. Winner: Harbour Spirit, Adrie de Vries, Jaber Ramadhan.
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
