Location: London

Average property prices in prime central London hurtled through the £1.5m barrier in May, according new research by London Central Portfolio.

So it turns out that not many people had heard of "Tyburnia" until a few days ago.

Gladrags and wallets at the ready: It's the Masterpiece Midsummer Party in support of Marie Curie Cancer Care tonight (2nd July).

The first new development to regenerate the much vaunted Nine Elms area around Battersea Power Station - St James's 802-unit Riverlight scheme - was topped out this morning by none other than Boris Johnson.

The West End, traditionally home to Topshop, traders and tourists rather than real people, is swiftly turning into a residential neighbourhood according to the latest from Mayfair specialist Wetherell.

One property in particular illustrates how the West End is being transformed back into a super-prime residential address, according to Wetherell's new West End Residential Developments Report.

Berkeley Group's St James arm has done a deal for 10 acres of White City, buying the site from Marks & Spencer for around £100m.

Prime central London prices have gone up by 3.7% in the first half of this year, with June seeing a 0.4% hop, according to the latest from Knight Frank.

In only ten years, the Economist has revised its definition of Africa from “the hopeless continent” to the “hopeful continent”.

Overseas wealth continues to play a considerable role in shaping the city, says Yolande Barnes in the final part of Savills' World in London report.

Electricity pylons are the nation's least favourite property blight, according to a survey by Greene & Co, with 70% of respondents unwilling to buy a home near a pylon.

Willy Wonka once said of his eponymous Chocolate Factory; “Down here, underneath the ground, I’ve got all the space I want. There’s no limit – so long as I hollow it out.”