Market commentary

The Roaring Twenties: Why London is in a ‘golden decade’ for super-prime property

Spear's 500 Live 2024: Sotheby's George Azar, along with Mayfair 'guru' Peter Wetherell and acclaimed developer Nick Candy, told Spear's 500 Live why the city's property market is big business for UHNWs

Leading super-prime property agents and developers are witnessing a ‘golden decade’ in London, with world-beating new developments, ample good stock on the market and attractive deals to be done, according to some of the industry’s leading figures. Speaking at Spear’s 500 Live 2024 on 23 May, Mayfair property guru Peter Wetherell, founder of Wetherell, who has operated in the London market for over 40 years, told the audience he believed property agents were ‘living at the moment in what I think is the golden decade’. ‘We are in the “roaring twenties” for prime central London, and it’s very akin to what happened after WW1,’ Wetherell said. ‘I’ve never known in my career more new hotels, more new clubs, more new restaurants — we are the centre of the world.’
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