Mayfair - Occupying Prestigious Spot on Monopoly Boards

Mayfair - Region Background and Development

Mayfair, the zip code of which is W1, is one of the commercial centres of financial art in London. Its name comes from the annual two-week "May Fair" (May Fair).

Mayfair attracts many foreign wealthy buyers, among which Indian, Chinese and Middle Eastern buyers account for the majority! Most of these wealthy buyers are also busy people flying around and don't stay long. Therefore, such a strange phenomenon often occurs in the residences in the Mayfair area: Mayfair housing prices are frighteningly expensive, and the asking price for a room is at least one or two million! However, most of the homeowners do not live here for a long time, and most of them live there for a short time, so most of the luxury apartments are empty cities most of the time.

Despite this, Mayfair's business activities have not been affected at all, and restaurants and stores are still full of many tourists and consumers with financial capabilities.

Mayfair in London is like Manhattan in New York and Ginza in Tokyo. Whether it is commercial or residential, it is a top real estate location!

Mayfair is named after the annual May Fair which lasts for two weeks. It was a fashionable residential area between the mid-17th and mid-18th centuries, with a large area of land in communal property. In the 19th century, the Rothschild family, which became rich through Jewish banking services, also purchased a large area of property.

Today, Mayfair has evolved into a business district, with many companies headquartered in remodelled residences and new buildings with expensive rents, while retaining some residential properties, high-end shops, restaurants and luxury hotels.

Mayfair - Location and Traffic

Mayfair is located in west London, zone 1 and is part of the city of Westminster.

Mayfair is adjacent to Hyde Park in the west, Oxford Street in the north, Piccadilly Street and Green Park in the south, and Regent Street in the east. The transportation in this area is quite convenient, with a total of 6 subway stations (Bond Street, Oxford Circus, Green Park, Hyde Park Corner, Piccadilly Circus and Marble Arch), across the 5 major subway lines (Bakerloo, Central, Jubilee, Piccadilly and Victoria line ), they are like the guards of the territory, guarding the borders of Mayfair!

Mayfair - Life and Recreation

What's so interesting about Mayfair?

Afternoon Tea

Mayfair is a pilgrimage destination for afternoon tea fans. The well-known Ritz and Fortnum & Mason are both located in Mayfair! The top 10 afternoon tea restaurants in London recommended by the Daily Telegraph: London’s 10 best afternoon teas

Seven of them are in Mayfair, let alone not on the list, and they are also in Mayfair's delicious afternoon tea such as The Wolseley and the new restaurant Park Chinois of restaurant tycoon Alan Yao!

Royal Academy of Arts. Art Museum. Mayfair, London

The Royal Academy of Art, or RA for short, is located in the center of Mayfair. Founded in 1768 to cultivate many talents who are the kings of painting, sculpture and architecture! The Royal Academy of Arts is not a school, but an art research institute, which often holds various art exhibitions!

Ai Wei Wei, a modern Chinese artist loved by the British, also exhibited at RA.

Mahiki - Head Office, 1 Dover St, London W1S 4LD

Mahiki, a Latin-style nightclub, has become popular among rich Chinese! News reports say there is now a new sign for Mahiki nightclub owners: Fewer Russians are coming here to spend £495 a glass of crystal champagne, replaced by upstarts from China.

It is not surprising to see royal nobles and show stars in Mahiki! If you haven't been here yet, come check it out!

What's more, the life quality Mayfair is very high. There are several department stores in the area with a history of at least a century, and you can choose from a variety of high-quality daily necessities. In addition, banks, hospitals, pharmacies, supermarkets, parks and movie theaters are all available, and the convenience is unparalleled.

Fortnum & Mason Department Store is located on Piccadilly Avenue. It has a history of more than 150 years. It was the royal department store of the Georgian royal family in 1707. Now it is a good place to buy souvenirs. The characteristic is the architectural style with a fairy tale atmosphere, and the food hall sells a variety of English tea and biscuits.

Burlington Arcade is also on Piccadilly, near the Green Park subway station. It has a history of two hundred years and sells clothes of big brands, with a complete range of styles, luxury and art.

Mayfair - Local Education

According to Ofsted, an authoritative office for standards in education in the UK, in the Mayfair area there are:

Primary School

Comprehensive School

Private School

Mayfair - Property Market

Let's take a look at the housing prices in Mayfair!

Next, let's look at more detailed statistics about the average price of buying and renting a house:

Mayfair - Council Tax

Council Tax is a tax that you have to pay every month whether you buy or rent a house. It can be classified as a necessary fixed cost, so check the Council Tax in the area before buying or renting a house: