In Mayfair, according to the Telegraph, and I've got to trust their judgement on this, it's out with the fat old cigar smokers and in with the hip. Evidence? New clubs are opening, buzzy boutiques and restaurants, celebs are being spotted... oh... and this:

In the summer, [Richard] Cutt [of Knight Frank] sold a fabulous apartment in a modern development in Davies Street over Cipriani's at £2,300 per square foot. "The price last year for that flat was £1,300." And he is now marketing a smart three- bedroom flat in Green Street for £5 million, equating to £2,439 a square foot. This is one for the boys with all the toys - Lutron lighting, Creston sound system, Baulthaup kitchen, top of the range TVs and electronic blinds.

Meanwhile, even East Dulwich is continuing to distance itself from Peckham in every way it can short of tearing up the Earth's very crust and leaving a wide rupture along the A2214. According to resident Ginetta Vedrickas - also writing in the Telegraph - it's become so chi-chi it's in danger of just becoming chite. Foxtons have arrived, house prices are shooting up, and residents are concerned the area might be about to lose its character. Before leaving us to worry about the future of SE22, she does, however, point out a few tasty properties, including this rather special former bakery on Silvester Road, currently being used as an office but presumably - judging by the particulars - with a residential future. Guide price £750,000.

Technorati Tags: London, property, real estate