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​Property Report September 2007

September 2007

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Mayfairs Finest Properties

Apartment in Mayfair Village


Top Triplex


Mayfair Flat


Mayfair Penthouse


Terrace in St. James's


Low build House


Maisonette


Modern Living


No sun but plenty of heat in the Mayfair market!

The summer sun was not the only event that did not happen in Mayfair this year. The seasonal summer lull, the quiet time when all the buyers are away, did not happen either!

Serious buyers aggressively bid on newly available properties, realising the continued shortage of stock for sale and concerned over the continuation of rising prices.

Records are still being achieved but still representing good value when compared to our Belgravia neighbours.

Wetherell’s experience in the market this year indicates:






  • The £1 million one bedroom flat is now a reality
  • £1,200 – £1,600 p.s.f. for residential Mayfair is now the norm
  • £2,000 p.s.f. for Prime Mayfair is now longer a goal but a benchmark
  • Prime prices this year have in some cases increased by 50%

Now that the schools are back to work it is the seasonal time for new instructions to come to market. Whilst buyers and sellers alike cast a glance to the turbulence in the financial and stock markets, it is still business as usual in the prime property market.

Location, location, location – where better than Mayfair



NAEA
 
 
 







Mayfair’s Leading Estate Agent

Wetherell

Telephone

We sell well


Ombudsman Scheme
 
 
 






No.132 102, Mount Street, Mayfair, London W1K 2TH SEPTEMBER 2007











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