A fifth of estate agencies previously in London's exclusive Mayfair district have closed branches there over the past six months, following a slump in demand for houses worth more than £10m (€11.3m), according to local agents.

Kinleigh Folkard & Hayward and Goldenberg have closed their Mayfair shops. Blenheim Bishop has closed its land and local sales office and has downsized its new homes office in Mayfair. Wetherell has closed down one out of its two shops in the district. Prior to the closures, 20 agents had Mayfair branches.