Rat and Mouse
Tue
25
Oct

He’s the Australian boiler room scam artist with properties all over Wimbledon… but the barely-begun super-mansion was to be the jewel in the crown. Now - with Jeffrey Revell-Reade serving time in prison - it’s a shell, without stairs, ceilings or floors - and it's to be sold, by order of a judge, to return funds to victims. it needs £1.5m spent to complete it, but should be worth around £6.5m when finished (not accounting for any Brexit-related property reversals). More here.

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Mon
24
Oct

Brexit and stalling sales [New Statesman]
How can a landlord become a limited company? [This Is Money]
Interior designers’ favourite brands [Daily Telegraph]
Gulf investors spurned on by weak pound [The National]

The Rat and Mouse - London’s property blog 

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Fri
21
Oct

Following the failure of a judicial review to overturn recent punitive tax measures hitting the private rental sector, the Axe the Tenant Tax campaign is discussing options, including - according to this - a concerted and coordinated campaign to raise rents. With extra stamp duty for investment and second homes and the end of tax relief on buy-to-let mortgage interest, many landlords are wondering whether it’s possible to make letting pay. Inevitably, rents will rise… either due to a shortage of supply when landlords are forced to sell up, or by a gradual increase in rents to cover expenses. The campaign’s radical suggestion is a transparent rent rise, widely publicised and explained.

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Thu
20
Oct

It’s the danger of being such a London-centric operation at a time like this… sales are down a third at Foxtons in just three months. The agency has issued a profit warning, blaming the EU referendum result and punitive tax measures hitting investors and buy-to-let landlords. Shares in Foxtons were priced at a whisker under £1 this morning. They were at £1.65 in June. The agency remains confident, however, of hitting longer-term targets. More here.

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Wed
19
Oct

Gains in the east and the south of the UK pushed house prices up 8.4% on the year, August-to-August, according to the latest ONS survey. East of England saw 13.3%; south, 12.2%; London 12.1%. The biggest standout? Newham which profited from the Queen Elizabeth Olympic Park, where house prices were up 23.7% on the year. Postcodes nearer to the centre of the capital didn’t do nearly as well as outliers. Camden saw a fall of almost 3%; and Kensington & Chelsea, Hammersmith & Fulham and Westminster managed just small gains. More here.

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Tue
18
Oct

Justin Bieber, no less, spending - according to this - £108,333 a month to rent a 24,000 square foot north London mansion. 

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Mon
17
Oct

The story of one London home [BBC]
Huge variety in London house price movements [Estate Agent Today]
The new retirement homes… with gyms and wine cellars [Daily Telegraph]
Rentals to outstrip sales for first time since WW2 [Guardian]

The Rat and Mouse - London’s property blog 

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Fri
14
Oct

Solicitor incompetence and vendor selfishness cost buyers £2,400 [Guardian]
Historical Churchill Hyde Park Gate house for sale [Mansion Global]
Jamie Oliver knocks £2m off asking price [Sun]
Protestors on war path after accusing ex-Foxtons agents of unprovoked assault [Islington Gazette]
Plummeting pound and foreign property investors [Mansion Global]
No surprise that London landlords most fearful of Brexit [Property Industry Eye]

The Rat and Mouse - it’s about your house

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Thu
13
Oct

The survey’s by Direct Line and it’s a poll of 2,000, approximately 600 of whom must have admitted to removing items from a rented property when leaving. According to the survey, light fitting, beds, fridges, TVs, even sinks have gone, and not even an inventory deterred some. The most common reason for taking things? That they wanted them. More here.

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Wed
12
Oct

The numbers are up, according to Rightmove, for the first time since new Stamp Duty measures compounded other recent tax changes to make the sector way less attractive. Enquiries from potential investors are up 30% since May, new rental listings are on the up, too. Accompanying comment, however, points to some tough bargaining from landlords during the purchase process as they try to secure a discount to cover the extra Stamp Duty. More here

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Tue
11
Oct

Fans of London’s most playful and least brutal of Brutalist developments will want to know about photographer Anton Rodriguez’s new book, which pokes a lens inside some of the marvellous Barbican apartments, looking at the spaces and the people living in them. For more information go here. For a preview, check the blog.

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Mon
10
Oct

“Class War Women’s Death Brigade” attacks Foxtons [Property Industry Eye]
UK property wealth held by over-55s greater than Italy’s annual GDP [Daily Telegraph]
Would you live in a converted public toilet? [Sunday Telegraph]
Holly Willoughby’s battle with her neighbours over extension plans moves into new phase [Daily Mirror]

The Rat and Mouse - London’s property blog 

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Fri
07
Oct

Possible anti-Foxtons protest this weekend [Property Industry Eye]
New book celebrating Wetherspoons’ carpets [Time Out]
Looking for the next hot London borough [Daily Telegraph]
Khan shouldn’t scapegoat foreign property buyers [IB Times]
The big AirBnB tax cockup [Daily Telegraph]

The Rat and Mouse - it’s about your house 

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Thu
06
Oct

Google had a good(-ish) go at the business of property search just over five years ago, sending ripples of panic out among the sector, before discovering just what a specialised service it is. But should - asks Property Industry Eye - the likes of Rightmove and Zoopla be concerned about Facebook marketplace, rolling out over the next few days? Expect a new button on your mobile phone app any day now. In the States, one agent (interestingly) has already used the service to list a property. 

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Wed
05
Oct

The Telegraph gives the tour here. It’s six-bedroom, four-bathroom property in Hadley Wood, worth around £3.6m and was available for rent earlier this year at £13.5k a month. 

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Tue
04
Oct

An interesting piece in the Guardian about the way the film industry has historically dealt with neighbourhood gentrification, from Poltergeist to Notting Hill

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