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Mayfair is an area of central London, within the City of Westminster. Mayfair is roughly bordered by Hyde Park to the west, Oxford Street to the north, Piccadilly and Green Park to the south and Regent Street to the east. Most of the area was first developed between the mid 17th century and the mid 18th century as a fashionable residential district, by a number of landlords, the most important of them the Grosvenor family. The Rothschild family bought up large areas of Mayfair in the 19th century. The freehold of a large section of Mayfair also belongs to the Crown Estate. The renown and prestige of Mayfair has grown in the popular mind due to its designation as the most expensive property on the British Monopoly set.
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