Posts Tagged‘prices’

How do affluent residents of prime central London support the local economy?


The wealthy neighbourhood of Mayfair is the number one residential spot in prime central London, having reclaimed the crown from Knightsbridge in 2016. It is often mistaken that the affluent residents of the area do not put any money back into the local economy. However, a new report from premier Mayfair estate agents Wetherell, has revealed that this misconception is entirely untrue and these residents contribute to the leisure, employment, and shopping divisions considerably. A respectable 2,000 millionaires call Mayfair home, made up of 20 billionaires and 200 nine-figure salary earners. The ultra-wealthy residents are found to provide an ample…