Too Much Luxury: 1.6 new prime homes are being built in London for every one sold

Youthful tech and IT millionaires are fast becoming some of the key players on London's super-prime scene.

The Mayfair corner's come out swinging with some statistical gymnastics to counter Nick Candy's claim that W1's oversupplied and due for a price drop this year (as reported here). N.B.

We all know London desperately needs more new homes, but not of the prime kind, says Savills in its latest report.