Although a large swathe of Mayfair is taken up with commercial properties (mainly belonging to the financial sector) and luxury hotels (Claridge’s, The Dorchester and The Ritz to name a few) large parts of the neighbourhood remain residential.
Once the site London’s May Fair (or Spring Fair), the district became fashionable in the 18th and 19th centuries when large hunks of it were bought up by the Dukes of Westminster and the Rothschild Family and its prestige has barely wavered since.
Bond Street is probably the most luxurious shopping stretch in Europe, with next to neck luxury goods retailers and arts and antiques galleries, including the famous Sotheby’s auction house and international banks, embassies and high-profile businesses abound. If all this highlife leaves you feeling giddy, Hyde Park is never more than a couple of minutes walk away.
Although Mayfair still lives and breathless established wealth (particularly in the historic Shepherd’s Market enclave) in recent years it has started to attract younger residents working in the hedge fund and wealth management sectors.
Dover Street Market – an ultra-cool fashion emporium – is a sign of Mayfair’s emerging hipness, whilst a handful of nightclubs and bars cater to a younger, more fun-loving crowd who are drawn to the neighbourhood for its central location, elegant architecture and village-type ambiance.
Housing demand is being met through the conversion of palatial office suites back into residences, making Mayfair’s elite style of living once again available to a new generation of homebuyers.