Should you invest in London?s Mayfair or NYC?s Upper East Side"
London and New York are home to some of the priciest and most exclusive property markets in the world, and both cities are attractive destinations for high net worth property investors as a result.
Yet between the culture, history, vibrant entertainment and social scenes in both cities, choosing which city to look for an investment property in can be difficult.
There are obvious cases to be made for both, especially when looking at two relatively comparable sub-markets, London?s Mayfair versus the exclusive Upper East Side in Manhattan. Both are exclusive, luxurious neighborhoods, and property is therefore high in value with strong demand for both rentals and property to purchase.
So when sizing up the Upper East Side (UES) and Mayfair, what are the key differences and comparisons, and which should you choose for your next investment" Investing in Mayfair
Mayfair is arguably a more exclusive a neighborhood than the Upper East Side. For a start, there?s less space for development given it?s central location and the number of listed protected buildings here, all of which drives up the demand versus supply. There are 5,100 permanent residents living in Mayfair compared to just 206,908 residents on the Upper East Side, and this can be attributed to the fact that this part of Manhattan geographically supersedes Mayfair, spanning 4.56 km². It is also one of the most historic parts of London, dating back to around 1686.
There are five airports within easy reach in London, ...
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