The Mayfair Summer Market has begun

With the wonderful events of the Royal Wedding behind us it is interesting to note that the slow down effect last month was not just local but global with our website traffic down 50%. Thankfully it is now getting back to normal with interest and demand on the increase although the number of new instructions is still weak.

The Sunday Times Rich List 2011 (just been published) is again populated with an enormous amount of Mayfair Aficionados with the highest proportion having their wealth in land and property. For Mayfair, the top 50 Hedge Fund Managers have wealth totalling over £12BN and over half of the wealth in based in London and the South East.

I also noticed this year that a number of our wealthy clients who have been “below the radar” for many years have now appeared in the rich list for the first time – to their horror and dismay!

For those HNWIs (you know who you are) I have a unique opportunity – The World, the largest privately owned residential yacht on the seas, arrives back in England after 4 years. They have a number of newly refurbished Showcase Apartments available for sale and I will be hosting an afternoon tea when it moors at Greenwich on Monday 6th June. The World visits over 100 destinations a year. Please contact me for details.

Keeping up the Wetherell International theme we are also offering a stunning waterfront property in Old Town of St Tropez with direct beach access. With stunning Mediterranean views from every window and the sound of waves gently lapping the shore, plus cocktails on the private roof terrace – this 2 bedroom former rustic fisherman’s house is for sale at 2.8M Euros.

Closer to home the residential Mayfair market continues onwards and upwards as does the whole of the Mayfair area.

New instructions for sale have links below but briefly are as follows:

Walk Up by Harry’s – A loft style 4th floor 2 bedroom flat @ £1.25M
Off Park Lane – A 3 bedroom apartment @ £2.85M
Old Mayfair – Elegant 4 bedroom apartment @ £3.25M
By Christie’s – Immaculate, contemporary, stylish @ £4.95M
Low built House – In an exclusive gated enclave @ £7.25M

Lettings market now into summer rush for 1/2 bedroom flats:

Off Park Lane – 1 bedroom @ £575 p.w.
South Street – Trendy 2 beds @ £1,175 p.w.
Penthouse – With south facing roof terrace @ £1,450 p.w.
Grosvenor Square – 2 beds with private terrace @ £1,500 p.w.
St James’s Square – Interior designed and views over square @ £1,600 p.w.

Mount Street celebrates 325 years of the “May Fayre” – Look out for the flags in a week’s time.

US President’s State Visit – Look out for heightened security in a fortnight.