Wetherell Mayfairs Finest Properties

Wetherell wins 2010 award and launches iPhone app For the second year running Wetherell entered The Sunday Times Estate Agency of the Year Awards for the Best Prestige Property category. Although we slipped from last years gold medal to bronze the judges comments are still heartening and I quote: “The knowledge and understanding this agency has of its local area and client base is absolutely outstanding and should serve as a benchmark for the industry.....the judges were most ...

Mayfair’s Decade of Residential Growth Over the last few weeks I have been interviewed and also given a presentation to some of London’s leading architects and interior designers. The subject was the incredible resilience and amazing bounce back in prices for the residential market in prime central London (PCL). My prediction for the future is “Mayfair will see the greatest growth for residential values over the next decade of any prime central London residential area.” Here are the highlights of my ...

A TALE OF QE Her Majesty the Queen recently launched the latest £365M luxury liner in the Cunard fleet and named her Queen Elizabeth (QE3).  The first liner launched in 1938 cost £5M.  Her Majesty’s Government after spending £200BN on QE (Quantitative Easing) is now considering tickling the economy with QE2 to the tune of a further £50BN. The philosopher Hegel made the famous remark that “history repeats itself” only for Karl Marx to embellish the statement ...

The “Sultan of Berkeley Square” Returns HISTORY – PRICES THEN AND NOW The noisiest part of a quiet August was the return to Mayfair of Asil Nadir who fled these shores nearly 20 years ago. Now 69 he has travelled back with his 26 year old wife to fight outstanding charges of stealing £34M from his Polly Peck empire.  His headquarters were based in Berkeley Square a short stroll from his house in “Mayfair Village”.  His return brought back ...

Mayfair Residential Market Report Years ago a dignified elderly lady came into my shop in Mount Street and informed me that she would like to sell her Mayfair apartment as her husband of considerable years had passed away. Reputation, Flowers and No Touting She told me that apart from our reputation; the two reasons for trusting my estate agency in this most important disposal were that she had always admired the flowers that were displayed outside my ...

Prince Charles Praises Mayfair One of the interesting snippets from the ongoing court battle over Chelsea Barracks between Christian Candy of CPC Group and Qatari Diar was the 23rd June publication of Prince Charles’ letter of 1/3/09 to Sheikh Hammad bin Jassim bin Jaber bin Muhammad Al Thani, Prime Minister of Qatar urging him to reconsider the modernist Foster’s scheme. I quote “..it is worth recalling that it is the distinctive urban environments of places ...

Informative, Useful and Entertaining, This heading has always been my criteria when preparing my monthly market reports and it is always a personal success when I can tick off each of the three boxes as mission accomplished. What Election? In the Mayfair residential market, the busy run up to the election in May and the subsequent hectic weeks thereafter certainly had all the elements for an upbeat report as buyers completely ignored the election circus and ...

“There were 3 in the bed and the little one said roll over, roll over”   I had delayed the Wetherell Report on the Mayfair residential market to enable me to comment on the results of the General Election in the UK; I certainly did not think it would have been delayed for so long after the election or to the outcome. I have worked through various elections since the early 1970’s but have certainly NEVER experienced ...

FIVE FOLD INCREASE IN VOLUME FOR Q1/10 VERSES Q1/09 WHAT A DIFFERENCE A YEAR MAKES With apologies to the Dinah Washington song "What a Difference a Day Makes".   “What a difference a day makes Twenty-four little hours Brought the sun and the flowers Where there used to be rain”   VOLUME UP BY 500% The residential property market for Mayfair and all areas suffered through the weather in January and February however 1st quarter volume of sales where over 500% up on ...

MAYFAIR RESIDENTIAL MARKET REPORT MARCH 2010   The Grand old Duke of York he had ten thousand men He marched them up to the top of the hill And he marched them down again.   When they were up, they were up And when they were down, they were down And when they were only halfway up They were neither up nor down. With the volume of property transaction up considerably on the ...

What a Difference a Year makes! Wetherell experienced a strong start to the year for January sales, rentals, enquires and instructions.  One month’s volume of Mayfair sales in 2010 was the same as the first quarter of 2009 when we were going through the banking crisis. The difference between the two markets is clearly visible; last year the boat had sunk and with no land in sight people didn’t know which way to swim, now however ...

Residential Property Market in 2009 Predictions for 2010 HIGHLIGHTS •    Dire Q1 offset by 75% of year’s business in Q2 & Q3 •    Number of sales up but total aggregate value down •    Lack of top of market sales •    Wetherell achieve highest figure for Mayfair houses in sale and rental values •    Number of active agents falls again •    2009 “mini bubble” to be followed by tough market ahead •    Worries of “Double D’s” – Deficit and Debt •    2 V’s – Value and Volume to fall •    ...