Residential property in Mayfair is fetching a 107% premium over neighbours, with £4.5bn of super-prime development in the pipeline.
The research from West End agent Wetherell comes as a block of 18 apartments on the Clarges complex sells for a record £4750 psf off plan.
But the bubble could burst as experts say that the global economic picture, along with a potential mansion tax, could lead to demand falling off at the top end of London’s housing market.
Sunday Telegraph Business, 8
