WITH THE distinction of being the most expensive area on the British Monopoly set, it’s no surprise to hear that demand for property in Mayfair remains strong. The property market in Mayfair is now starting to buzz again,” says Peter Rollings, MD of Marsh Parsons, which has bucked the trend by opening a new branch in the swanky district. “Interest from our corporate clients has suddenly picked up and demand for high-end lets is rocketing.”

Sales are rapidly improving, too, says Rollings, with buyers seizing the “once in a lifetime opportunity they have to get value for money in one of Londons most desirable areas”. Mayfair prices have fallen by at least 20 per cent since their 2007 peak and this, plus the weak pound, makes Mayfair very attractive to foreign buyers. On the books at Marsh Parsons Mayfair office is a swanky three-bed townhouse on Shepherd St for £3.5m/€3.92m. Or maybe a one-bed pied-à-terre near Claridges on Brook St for £499,950 (€560,200). Wealthy Indians and Russians are tripping over themselves to get a slice of London while the pound is weak. Maybe some Irish may be tempted too.