The Times reports that well-heeled Londoners are waking up to the fact that, although period features and location are always advisable, nothing feels more like luxury in the Capital than a bit of space. As news of Barratt's first downloadable home, the iPad, reaches the papers, some new Kensington residents have proved that they're prepared to pay up to £12 million for a few thousand square feet more than the average, over at Phillimore Square, a new luxury development in W8. The Times' Anne Ashworth calculates you could fit as many as 23 iPads into the largest of the Phillimore Square apartments.

Westcity, the developer, says that the homes sold unexpectedly quickly without publicity, despite not being ready for occupancy until mid-summer. This is a further indication of the buoyant state of the City- bonus-driven London property market. What some agents call a "feeding frenzy" among buyers is being exacerbated by a shortage of homes for sale, especially really large ones.

Read it here.

Size matters [March 3]