For What Its Worth
There is evidence of increased demand for prime central London properties according to Wetherell. The estate agent reports that this is particularly the case in the pounds 50,000 to pounds 2m price range. Wetherell says this is borne out by the current trend for off-market deals which in their experience in the last six months amount to about 30 per cent of all transactions in the Mayfair area.
This might provide some cause for concern for agents; not so Wetherell. Because of the difficulty of finding the right property on the market (not helped by this predilection by vendors to sell quietly and privately), the agent has also had a 250 per cent increase in the number of applicants who are prepared to retain them in the acquisition of properties. Wetherell has been helping these clients buy properties whether on or off the open market.Reuse content