The price of a des res in London

There is welcome news for hedge fund managers seeking Mayfair offices this quarter. Commercial rents in Mayfair and St. James' have dropped by as much as 20%. Offices that were commanding up to £90 per square foot can now be found for as little as £70 to £80. Patrick O'Keeffe of Saxon Law property advisers, says: 'Rentals are being affected by the current climate, the market is deflating a little bit and coming down to more sensible levels. There are better deals to be done now than six to 12

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