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WETHERELL MAYFAIR MARKET REPORT - JANUARY 2016

For those interested in the Mayfair Property Market this January here's the latest report from Mayfair Guru Peter Wetherell of Wetherell of Mayfair.

MAYFAIR IN MINUTES

Sir Winston Churchill once apologised for making a long speech by explaining that he had not had the time to write a shorter one.

I therefore have no fears in attaching our new Wetherell Report on the residential market - "Mayfair in Minutes" .

We have condensed the whole Mayfair market onto a double sided A4 card with average £PSF values, breakdown of sales values, average rental values and proportions let plus looking at the development pipeline that represents nearly 12.5% of existing housing stock.

Painting depicts the North side of Grosvenor Square from Ackermann's Repository (Nov 1813) The architectural detail of the columns remain today on the neo Georgian apartment buildings at No.17.

ANTIQUES & FINE ART FAIR

Wetherell are proud to sponsor the annual Mayfair Antiques & Fine Art Fair for its fourth year.

Since its launch in 2013 The Antiques Dealers Fair`s prestigious event at The London Marriott Hotel Grosvenor Square has become an instant fixture on the capital’s antiques calendar.

The fair will feature over forty specialist exhibitors, drawn primarily from The British Antique Dealers’ Association and LAPADA (The Association of Art & Antiques Dealers). The aim is to present a varied selection of high quality art and antiques, giving visitors the opportunity to browse and acquire the finest furniture, sculpture, silver, oil paintings and watercolours, jewellery, ceramics, glass, clocks, oriental carpets, books, 20th century design pieces and many other decorative and rare objects spanning the centuries.

The fair is open to ticket holders from 12 noon on Thursday 7th January 2015 until Sunday 10th closing at 5pm

To request a Free e-Ticket complements of Wetherell please email Jayne Weldon  For opening hours click here

STOP PRESS

Mayfair in December and January is not known as the busiest months in the property calendar but we had a flurry of activity with nearly £50M of sales and even a letting agreed on Christmas Eve for around £2K p.w.

A Pair in Duke Street  - off Grosvenor Square in a period building on the western side just past Brown Hart Gardens and The Beaumont Hotel. 

Two apartments on the same 2nd floor. One 2 bed and one 3 bed @ £3.1M & £4.25M   

Best Value on Park Lane  - A Luxury one Bedroom apartment in a secure 24 hour Portered building on the world renowned Park Lane @ £750 p.w.

This property spans 527 square feet and has been refurbished to the highest standard 

Best Apartment on Park Lane - A luxurious two Double Bedroom property in a Prestigious Mayfair apartment building with 24 hour Porterage, Lift and large Private Terrace overlooking Hyde Park @ £3K p.w.This stylish apartment spans 1764 square feet and has been meticulously designed to cater for modern city living

PROSPECTS FOR 2016? 

Everyone now wants predictions! 

The problem is that those who have knowledge, don't predict and those who predict, don't have knowledge. (so said the ancient Chinese philosopher Lao Tzu) 

The internet has given us an immense access to data however what it lacks is interpreting that data into knowledge. 

Data – Analysis – Prediction  

What I can say is that Mayfair is currently experiencing its most exiting decade in nearly a century. 

Don’t wait to buy in Mayfair – just buy in Mayfair and wait. 

Kind regards

Peter Wetherell

020 7529 5560

102 Mount Street | Mayfair | London | W1K 2TH | ML: 020 7493 6935

 No.1 in Mayfair - Wetherell - 42% Market Share for 2014 -
(Lonres/Dataloft: Total Value Residential Sales in Mayfair)