In the years following the financial crisis, strong price growth in central London has partly been driven by buyers looking for a safe haven against the backdrop of global and political instability. The market is also underpinned by an undersupply of housing in the capital.
This strong price growth in core prime central London markets such as Kensington and Knightsbridge, has led, in recent years, to buyers increasingly seeking opportunities in areas close to prime central locations.
Source : Knight Frank