Foxtons has conducted research revealing that Mayfair and St James’s are the prime London neighbourhoods with the largest homes currently on the market. The study examined nearly fifteen thousand property listings across 20 prime London areas to determine the average square footage of homes for sale to high-end homeowners in the capital.
This analysis is part of Foxtons’ ongoing efforts to understand the prime London market, supported by their presence and expertise in the city’s most prestigious neighbourhoods.
The research found that, except for properties in Midtown, City, and City Fringe areas (specifically the EC1A and EC2N postcodes averaging 61.3 square metres), most prime London neighbourhoods offer homes larger than the average London property size of 65.5 square metres. Mayfair and St James’s stand out with an average home size of 166.5 square metres, significantly larger than the average London home.
Guy Gittins, CEO of Foxtons, commented on the findings: “When you’re purchasing a property in the prime market, size really does matter and almost every prime London neighbourhood boasts an average property size superior to that of the average London home.
“Since the pandemic, we’ve seen buyers place a far greater emphasis on finding larger family suitable homes and while Covid restrictions are now thankfully a distant memory, many are continuing to prioritise size when searching for their next property.
“Of course, in a market such as prime London, space does come at a premium and while the average home in Mayfair and St James’s may currently boast 166.5 square metres, such a property will require a buyer with considerable purchasing power.”
