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New research was recently completed by Butterfield’s UK mortgage operations. They have taken a look at the most desirable boroughs in London so they can see which stand out. What the specialist mortgage lender did was commission an independent survey. This looked at 537 adults that lived in the Greater London area. The big question was where their dream location would be to acquire a property if money was not an issue. Of all the areas, the City of London came out on top as the favourite.
The statistics
One in five of the London residents (20%) said they would prefer to live in the City. For the individuals aged 18 to 34, this figure rose to 28%.
The next borough that followed closely behind was Kensington and Chelsea. Around 18% of Londoners said they would love to live in this exclusive and leafy borough the most.
The third place slot went to the City of Westminster. It makes up a lot of Greater London’s central area and also includes the majority of the West End. A total of 16% of Londoners would want this as their dream neighbourhood.
Elsewhere, 9% of the residents chose Greenwich as their ideal borough. In fifth place, there was Hammersmith and Fulham with 6%.
On the lower end of the spectrum, there was Camden and Tower Hamlets at 5%. Wandsworth, Lewisham, Camberwell, and Southwark had 4% of people wanting to live there the most. Finally, there was Lambeth with 3% and Hackney with 2%. Come to us if you need help from the number one company working in property investment City of London has.
The CEO’s comments
The CEO of Butterfield Mortgages, Alpa Bhakta, also had some things to say about the research. He said that from the West End’s vibrancy to leafy Kensington’s tranquillity, the research gives a timely and interesting insight into the most desirable neighbourhoods in the capital.
Critically, this research does much to counter the rhetoric about the ‘great escape’ to the suburbs and the ‘demise of the city’. In reality, prime city living has plainly kept its appeal amongst Londoners. The foremost Central London boroughs of the City, Westminster, and Kensington and Chelsea have risen as clear favourites. People class these are their dream locations. Now that London is open for business once again, urban life has begun to shine through in an increasing manner.
We’ll help you make the right choices with property investment in the City of London
At Finefair Ltd, we have a keen understanding of London’s property market. Such information allows us to help our clients in ways others cannot. When you partner with us, you will be able to gain some incredible advantages. Most importantly, we will aid you in making the right choices for your portfolio. In addition, we can help you to arrange guaranteed rent.
So, if you would like to work with the most talented company specialising in property investment City of London has, please get in touch. We can give you great support in all areas.