An upscale neighborhood in London, England known for its expensive real estate and wealthy residents, or historically, an annual fair held in May.
From 'May' and 'fair.' The neighborhood got its name from a May fair that was held annually in the area during the 1600s-1700s. The fair eventually stopped happening, but the name stuck to the wealthy neighborhood that developed there.
Mayfair is so expensive that some of the houses cost over $100 million and are owned by billionaires from around the world! It's become a symbol of extreme wealth, and the street names like 'Berkeley Square' and 'Piccadilly' are famous in English literature and songs.
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