According to recent research that compared over 500 international ultra-prime property listings, a home in Mayfair still costs more than a similar-sized property in Manhattan, despite a slowdown in the London property market.
The average Mayfair property price is currently £18.4 million and although an average Manhattan property may appear more expensive at £21.5m, this is because the area's properties are generally larger.
It’s all down to the square footage: Mayfair homes are currently valued at £3,850 per square foot, a testament to how well Prime Central London (PCL) is holding up despite current market conditions. London property experts have predicted that as buyers and tenants discover the stability of the area’s residential market, Mayfair will be a star PCL performer in 2017, so contact us at Lurot Brand if you would like to view our portfolio of mews properties in sought-after areas such as Mayfair, Kensington and Notting Hill.
The average cost of a home in Mayfair is still more expensive than Manhattan, despite a slowdown across the prime central London property market.