£6.75M Saatchi art house was last place to be sold pre-Budget in Mayfair

Peter Wetherell, Founder and Executive Chairman of Wetherell commented: “Over the last three years the buying power of Americans purchasing in US dollars in London has grown, and they have become a renewed force in London’s super-prime residential market. Such is the American influence for example, that this is the third American in a row to own the house in Hay’s Mews. Five sectors – Hedge funds, IT, medical provision, logistics and media – have generated huge wealth for America’s multi-millionaires and billionaires, and they see London as one of the few world-city locations to live, work and spend leisure time. Americans are domestically used to new build homes, so in London newly built or recently refurbished homes like the Hay’s Mews house carry a premium for them.”