WETHERELL MAYFAIR MARKET REPORT – JANUARY 2020
We look back on sales and lettings for 2019 and give our predictions for 2020.
We highlight how the demographics of the Mayfair occupier will change throughout the ‘20s.
Affordability – Action Now While Stocks Last
The Mayfair Guru says…..
Wetherell Research for the residential Mayfair market for 2019 shows a continued reduction in the volume of sales,
down nearly 10% on 2018 and just over half the volume of sales of 2013.
Mayfair sales volumes in 2020 could increase by 50% as buyers see historical values as a buying opportunity.
75% of Mayfair lettings in 2019 were 1 & 2 bedrooms and half of Mayfair residents live in rented accommodation.
New development sales stock will be coming into the letting market at higher asking prices
and rental values will strengthen as home buyers take stop gap rentals whilst waiting for the perfect pad to buy.
2020 Vision – Highlights from Report
- +50% Rise in Mayfair Sales Volume
- Mayfair Mansions Back in Demand
- 75% Sales Market up to £5M
- Greatest Growth £5M – £10M
- The Rise of The Millennials
- 75% Lettings are 1 & 2 Bedroom flats
- 22% of Residents Walk to Work
- 33% of Mayfair Residents “Digital Natives” by 2030
- 25% Less Stock Availability
- Buy Now While Stocks Last
Stop Press – New Instructions
Wetherell will soon be launching a number of amazing homes
Bruton Place @ £950,000
Home to one of the oldest Taverns since 1423
A 1 bedroom flat with roof terrace
South facing Reception Room
Dunraven Street @ £2.25M
A 2nd floor 2 bedroom flat with lift
Just off Park Lane
Grosvenor Hill @ £3.25M
An amazing 2 bedroom but size of a 3 bedroom
Access to amazing Roof Garden
Grosvenor Square @ £3.25M
A 2 bedroom apartment
Great ceiling heights
Views over the square gardens
Curzon Street @ £5.6M
A 3 bedrooms home great for entertaining
With private car parking
Thank you for making it to the end of the email and for possibly nominating Wetherell.
My best wishes for the year ahead and do download the pdf attachment “Mayfair in Minutes”. ‘CLICK HERE TO VIEW THE REPORT’
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