"At this level, buyers are driven by lifestyle, geopolitical stability, and portfolio diversification as much as postcode"
- Damien Jefferies - Jefferies James
New research from Jefferies London, a prime London property brokerage, has found that Kensington Palace Gardens is not only the capital’s most prestigious residential address but also ranks third globally for prime neighbourhoods based on average property price per square metre.
The study compared average prices across ten of the world’s most sought-after luxury residential locations. Kensington Palace Gardens commands an average of £43,197 per sq m, significantly higher than the wider London average of £16,700.
This puts it ahead of ultra-prime areas such as Star Island, Miami Beach (£34,324), Nassim Road, Singapore (£23,870), and Hudson Yards, Manhattan (£21,601), reinforcing London’s ongoing prominence in the global luxury market.
However, Monaco’s Larvotto district remains the most expensive with an average price of £82,724 per sq m, followed by The Peak in Hong Kong at £55,347 per sq m.
Top 10 global prime neighbourhoods by average price per square metre (GBP)
Larvotto, Monaco – £82,724
The Peak, Hong Kong – £55,347
Kensington Palace Gardens, London – £43,197
Star Island, Miami Beach – £34,324
Nassim Road, Singapore – £23,870
Hudson Yards, Manhattan – £21,601
Paddington, Sydney – £13,782
6th Arrondissement, Paris – £11,252
Beverly Hills, Los Angeles – £9,546
Emirates Hills, Dubai – £6,629
Damien Jefferies, founder of Jefferies London, said, “Kensington Palace Gardens remains the gold standard for prime London real estate, a street steeped in diplomatic prestige and palatial grandeur. Yet what this ranking really highlights is London’s strength on the global stage.
“At this level, buyers are driven by lifestyle, geopolitical stability, and portfolio diversification as much as postcode. And with Kensington Palace Gardens at its helm, London continues to be a key player in the ultra-prime global property market.”
