The Harrods Effect: Is a shop the heart of Knightsbridge?

You may or may not recognise this building, but one Kensington agent reckons it holds the key to determining which properties command the biggest premiums in the Hyde Park area.

There's some right tasty-looking projects due to go under the hammer this month. Pick of the bunch has to be this 11,500 square foot scheme in sought-after Marylebone, listed with a guide price of £7.5m+.

We knew stock levels were low, but one firm in Knightsbridge has reported fielding 30 buyers for every property it's listed above £2m since the Election.