On June 29th, the Sunday Times included an article that commented on a rise in job numbers in the City. Following a ruthless shake out in 2001/2002, job numbers are set to pick up with predictions that the City will be back to it's 2000 levels by 2007. With tentative talk of reasonable bonuses being due for 2003, these are pointers to the prime London market's recovery.

Having not even finished snagging our most recent project at 62, Palace Court, we received an offer to rent it at £2,250 pw. A 6.3% return on the banks re-financed value post works. We have let our last three 2 bed flats for £875, £875 and £850 per week. Who says there aren't decent returns to be had in the prime rental market?

Congratulations to our Senior Designer Annabella Nassetti who, in a recent feature article for House and Home Magazine, was named as one of the UK five hot tipped designers.

Recently an article stated that asking prices for property in central London had fallen by 2.4%. This is a typically meaningless statistic. In a market that is seeing very few transactions it is the price achieved that counts. We have currently offered £825,000 on a flat that had been on the market for £1,050,000 but is now quoting £995,000. We hope to agree at around £850,000 given that we are told £875,000 may do it !