Sub-£1m properties ‘face extinction’ in Mayfair and the West End

The average sale price in prime central London shot up by 27% to £4.

The number of properties hitting the open market in the UK has risen by 5% year-on-year, with higher-value homes seeing the most significant increases;

Shortly after a Gulf based investor took a 45% stake in the company, Native Land has exchanged contracts to acquire a prime resi development site at 30 Old Burlington Street, London W1 from Standard…