Top Five London Sales
Wetherell knows Mayfair like nobody else, as his @mayfairguru Twitter handle suggests. He has focused on the area for his entire career and has joked that if he had to quit his job, he would be ‘practically unemployable’. That seems rather unlikely.
‘It was a really hard-working year — I probably haven’t worked as hard since 1991,’ Wetherell says, pointing to the ‘perfect storm’ of political and economic flux in 2016. The effort certainly seems to have paid off: his firm maintained its position as Mayfair’s top agency, accounting for more than half the market in value terms, and more than a third in transaction volumes.
The team also achieved the neighbourhood’s largest sale: a ‘magnificent’ £45 million mansion on Balfour Place (he says the details were leaked by the Land Registry), and the top rental: a Grosvenor Square mansion for £30,000 per week.
He’s bullish when comparing his patch to the rest of prime central London: ‘I still see a steady market for Mayfair. What’s even more exciting is the off-market sales — in Manhattan they call it the “whisper market”. You might just see the swan very gracefully going across the lake, but there’s a hell of a lot of action going on underneath the water at the moment.’