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Today's Headlines:

House prices fall or rise (take your pick)
4 comments
House prices went up slightly – by 0.4% – in July, the Land Registry has reported. It

Knight Frank stay quiet after conman is jailed
9 comments
A tenant who faked his identity when renting through Knight Frank has been jailed for three

Rich overseas buyers keep prime London market aloft
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Chinese buyers are expected to replace Russian investors as major players in the prime central London

Moving occasion: today's the day!
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The most popular moving date is today, September 1, the Post Office has revealed. The two next

Prospective first-time buyers sink to new low
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The proportion of buyers expecting to buy for the first time in the next 12 months

Housing market 'edging towards double dip' claim
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Net lending plummeted in July to the second lowest monthly figure since records began in 1993,

Henry Pryor Blog
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Welcome to a new monthly blog by Henry Pryor, estate agent turned entrepreneur, inventor and expert

Rightmove profits climb 39% as more agents sign up
14 comments
A rise in the number of agents and an overall willingness to pay more to Rightmove

Portal creates new 'check out your competition' stats
1 comments
Property portal Home has created some new statistic pages on its site which we reckon will

Six in ten mortgages are now for house purchase
2 comments
The proportion of mortgages being taken out for purchases, as opposed to remortgages, is at its

News Story

Agent catches 'buzz' in Mayfair

Wednesday 11th February 2009

London estate agent Marsh & Parsons is to open a new branch in Mayfair. It says this is to meet suddenly rising demand for both sales and lettings in the area, which is being targeted by euro and dollar buyers.

Marsh & Parsons managing director Peter Rollings said: “The property market in Mayfair is now starting to buzz again. Interest from our corporate clients has suddenly picked up and demand for high-end lets is rocketing. The sales side is rapidly improving too: buyers recognise the once in a lifetime opportunity they have to get value for money in one of London’s most desirable areas.

“Mayfair prices have eased by at least 20% since their peak in 2007. Combined with the weak pound, now is an unbeatable time to buy, particularly for foreign investors.”

Guy Major has been appointed branch manager. He joins from Chesterton and previously worked with Rollings at Foxtons.

The lettings side will be run initially by Claire de Wolff, lettings manager at the firm’s Pimlico office. Applications for a full-time Mayfair lettings manager are currently being considered.

* Confirmation of renewed activity in the capital came from Primelocation, which reported that asking prices in prime London areas increased by 1.2% (£16,106) in January, the third successive month of rising values.

Andrew Smith, Primelocation head of research, said: “Last month we noted that the recent upturn in asking prices in prime areas after six months of falling values provided tentative evidence that the market was stabilising. This third month of rising prices adds further weight to that conclusion.”

He added: “This rise in buyer activity has been mirrored by online activity. Total monthly visitors to Primelocation were up 12% year-on-year in January and property views were up by 13%.”

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Posted By abc123 on Thursday 12th February 2009 15:16:18

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You must be new here, you will find that 90% of the articles on here are PR.

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Posted By brightonhatter01 on Wednesday 11th February 2009 11:54:35

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Sorry is this just a pr thing for primelocation??

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Editorial Contact Details - Rosalind Renshaw | rosalind.renshaw@estateagenttoday.co.uk | 01252 843 566.