Mayfair Bucks London’s Housing Market Malaise

Average Sentiment: Highly Positive (3.33)
Thursday 18:11 GMT
Category: Economy

Luxurious new developments are driving prices in Mayfair, a cornerstone of London’s luxury market, where the average price has risen 0.5% in the year to August, according to a new report.

"In overall terms, the £10-million-plus market in prime central London has now absorbed higher rates of stamp duty and as buyers sense price declines may be bottoming out, we have noticed activity strengthening in higher price-brackets," Mr. Burgoyne said.

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