In an uncertain world, what London has to offer appears to be even more desirable than before. This includes such things as its schools and universities and a robust legal system. But there is also the opportunity to live at a worldfamous address and still enjoy the vibrancy of the local neighbourhood.
You do not need to leave the capital to find village life. You can, for example, meet friends for coffee, go to the butcher, or buy artisan bread in places such as Pavilion Road in Chelsea, or Elizabeth Street in Belgravia. It is to the extraordinary credit of the Cadogan and Grosvenor estates that they have developed and regenerated these locations; revitalising neighbourhoods that lacked a community feel.
These examples of regeneration were much appreciated during the pandemic and will continue to be so because the lifestyle and psychological changes wrought during this period seem to have become permanent. In terms of property, a house with a garden – and a separate space for working from home – will remain a top priority for many people.
For many international buyers, it makes commercial sense to invest in London now, given the fall in sterling against the dollar. But our city does not only provide value, it is also full of history, culture and excitement. No place is perfect, but I’d argue that no other world city can currently compete with London’s unique qualities.