A waiting game – buying Mayfair property wisely requires more than money…

So you have the money, time on your hands and you’ve finally narrowed the location down to Mayfair as the place you want to live. Mayfair – that rarified area away from the City, attractive to private banks, hedge fund managers and boasting some of the capital’s most exclusive shops, luxury hotels, restaurants and clubs. On paper it seems you are well prepared to find and buy the perfect Mayfair property, but this is not a game of Monopoly and it will take more than a roll of the dice and money in the bank to find and secure that dream home.

Never have the words ‘location, location, location’ been more crucial than in Mayfair. History and WWII certainly changed the architecture and look of Mayfair; barely one week into the Blitz and the area running due west from Berkeley Square to Park Lane and south from Oxford Street to Piccadilly was badly bombed. The aftermath of the war meant that Mayfair’s larger properties were too expensive to to maintain as private homes and became offices and given over to commercial use. [Read more…]