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Revealed: The London Street Outperforming Miami, Manhattan & More
In the global prime property market, a few select destinations dominate high-net-worth investors’ wish lists – from Star Island in Miami Beach to Hudson Yards in Manhattan. However, new data suggests one ultra-exclusive London street is outperforming all but the super-elite – and by a significant margin.
New research has ranked Kensington Palace Gardens as the UK’s most prestigious residential address – and placed it third globally in a league table of prime neighbourhoods when ranking by average property price per square metre.
With an average property value of £43,197 per sq. m, Kensington Palace Gardens far exceeds London’s citywide average of £16,700. The prestigious, tree-lined street – also known as ‘Billionaires’ Row – lies next to Kensington Palace.
Its price point puts it ahead of other well-known global luxury property locations, including celebrity favourite Star Island in Miami Beach, where properties command £34,324 per square metre. The island boasts A-listers Jennifer Lopez, Madonna, Don Johnson and Gloria Estefan as residents.
Waterfront estate, Sunset Island III, Miami Beach (near Star Island) – £24,317,920
Kensington Palace Gardens also out-prices Nassim Road in Singapore, which is home to several foreign consulates and embassy buildings, with properties on the street securing an average price of £23,870 per sq. m and Manhattan’s Hudson Yards. This fairly new development boasts attractions, such as the Vessel, Edge observation deck and The Shed on site, with properties in the area securing a price per square metre of £21,601.
5 bed 6 bath Manhattan penthouse – £55,447,500
The only locations commanding a higher price per square metre than Kensington Palace Gardens are Monaco’s Larvotto district (£82,724 per sq. m) and The Peak in Hong Kong (£55,347 per sq. m), which attract high-net-worth individuals settling in the regions.
Despite a property rarely coming up for sale in the street, with the last sale being a 3-bedroom flat in 2023 for £22.5 million, Kensington Palace Gardens is the only UK location to feature in the global top 10. Other entries include Paddington, Sydney (£13,782 per sq. m); the 6th arrondissement of Paris (£11,252 per sq. m); Beverly Hills, Los Angeles (£9,546 per sq. m) and Emirates Hills, Dubai (£6,629 per sq. m).
Commenting on the findings, Damien Jefferies, Founder of Jefferies London, which conducted the research, commented: “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.”
Top Global Prime Neighbourhoods by Price Per Sq. Metre
- 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
