Location: London

Diplomacy fails as celebrated property finder Tracy Kellett sees red while out on a viewing day with some polo minted Chinese clients. The Chinese are back in town.

Tricksy times ahead for the prime property market, notes Chestertons, but there's still life in the long-term fortunes...

Villa la Voglina, Italy £3.6m (approx)

The European Central Bank's decision last month to make some more money could swing both ways for Britain's residential property market, says Chestertons' Nick Barnes.

Another significant resi development has been given the go-ahead near Smithfield market in Farringdon.

It's not nosey. Just interesting to see the kind of stuff that's being applied for at the moment...

...or just another feeble attempt to use the internet for something it was not designed for? Trevor Abrahmsohn cuts to the chase...

A grand total of 693 properties were sold in prime central London during Q4 2014, according to Strutt & Parker and Lonres. That's 32.5% down on the same period in 2013.

The RICS has confirmed what everyone else is seeing, reporting that the national and London markets are cooling right down with prices, enquiries and sales all tailing off in January.

"House price growth in England and Wales over 2014 was most definitely a London and southern based phenomenon," says Hamptons as it identifies the best-performing postcodes for property prices growth…

Strutt & Parker has been making some interesting observations on PCL's new-build sales market.

'Tis in vain to seek a profit that means not to be found. Doer Upper Alan Page in a tale of two neighbouring mansion flats, separated only by £800,000.