Estate agents throughout most of the UK struggling through six years of downturn may be interested to know that one of their colleagues in Mayfair is marketing what is thought to be the area's smallest ever £1m property.
The one bedroom flat is above an estate agent's office and has just 461 square feet of space - less than a London Underground tube carriage.
The kitchen is so small the word kitchen' cannot be squeezed into the floorplan. Its asking price equates to over £2,169 per square foot.
Selling agent Peter Wetherell, who was quoted in the Daily Mail saying the flat was close to Berkeley Square, with London's oldest trees, has described the property as the first rung on the ladder for those wanting the Mayfair experience.
The property, on Berkeley Street, is in a block with 24-hour porterage, although for that the buyer will have to pay an additional £3,000-a-year service charge.