Kensington & Chelsea and Westminster closes for business
I’ve previously bemoaned the effect of London selling out to foreigners who never move into the properties they buy. The “money park” effect has led to a “no lights on, nobody’s home” situation in the streets of Kensington and Chelsea and Westminster and now local businesses are paying the price.
The following pictures provide just a few indicators of how many empty shops there are currently in the Royal Borough and Westminster as a result of their being fewer customers and equally, greedier and greedier landlords demanding higher and higher rents.
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