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Address: Belgravia, City of Westminster, London, United Kingdom.
Coordinates: 51.49795°N 0.15453°W
Belgravia:
Belgravia is a district of central London in the City of Westminster and the Royal Borough of Kensington and Chelsea. Noted for its immensely expensive residential properties, it is one of the wealthiest districts in the world. Much of it, known as the Grosvenor Estate, is still owned by a family property company, the Grosvenor Group, owned by the Duke of Westminster, although the estate has recently been forced to sell many of its freeholds to their tenants at much below market value due to the Leasehold Reform Act 1967. The district lies mostly to the south-west of Buckingham Palace, and is approximately bounded by Knightsbridge to the north (the street of that name, not the district), Grosvenor Place and Buckingham Palace Road to the east, Pimlico Road to the south, and Sloane Street to the west.
History of Belgravia:
he area takes its name from one of the Duke of Westminster's subsidiary titles, Viscount Belgrave. The village of Belgrave, Cheshire is two miles (3 km) from the Grosvenor family's main country seat of Eaton Hall.
Most of the area was originally owned by Richard Grosvenor, 2nd Marquess of Westminster, who had it developed from the 1820s. Thomas Cubitt was the main contractor. Belgravia is characterised by grand terraces of white stucco houses, and is focused on Belgrave Square and Eaton Square. It was one of London's most fashionable residential districts from the beginning, and remains so to this day.Fashion Design Houses that have their retail flagship stores and studios within the area include Philip Treacy Donna Ida Jenny Packham and HEMYCA. It is a relatively quiet district in the heart of London, contrasting with neighbouring districts, which have far more busy shops, large modern office buildings, hotels, and entertainment venues. Many embassies are located in the area, especially in Belgrave Square.
After World War II, some of the largest houses ceased to be used as residences, or townhouses for the country gentry and aristocracy, but the new uses were restricted to certain categories, including embassies, charity headquarters and professional institutions. In the early 21st century, some of these houses are being reconverted to residential use, because offices in old houses are no longer as desirable as they were in the post-war decades, while the number of super-rich in London is at a high level not seen since at least 1939. The average house price in Belgravia, as of March 2010, is £6.6 million, although many houses in Belgravia are among the most expensive anywhere in the world, costing up to £100 million, £4,671 per square foot.
As of 2013 many residential properties in Belgravia were owned by wealthy foreigners who have other luxury residences worldwide in exclusive locations or in their countries of origin; thus many Belgravia properties are unoccupied because their owners were at other properties. This phenomenon has diminished social relations in the neighbourhood.........Wikipedia >>
