Rat and Mouse
Wed
15
Feb

test

Mon
05
Dec

Following some changes made to our web servers, the Rat and Mouse has been rather poorly. We are working to fix the problem and normal service will be restored soon.

Mon
14
Nov

What if taxi drivers were treated like landlords…? [Property118]
YourMove index sees London’s annual rate of growth crash [CityAM]
39,723 tenant households evicted in last 12 months [24Housing]
Mesut Ozil buys in London [Sun]
Interior design… going for gold, but not like Trump [Curbed]

The Rat and Mouse - it’s about your house 

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Fri
11
Nov

Martian bricks, recycled spacecraft parts for that eco-credibility and a double air-locked entrance to keep out the chill, situated in the sought-after Valles Marineris on the Martian equator. The show home is a collaboration between National Geographic, some Greenwich Observatory astronomers and Cardiff’s Wild Creations, and you can see it at the Royal Observatory until November 16. More here.

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Thu
10
Nov

Simon Cowell’s period as estate agent “most miserable” time of his life [Property Industry Eye]
New London luxury property glut [Bloomberg]
But could American voters have just saved the London market? [Evening Standard]
Most optimistic… Strutt & Parker predict market-leading 16.5% property price growth in London by end of the decade [Property Investor Today]

The Rat and Mouse - it’s about your house 

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Wed
09
Nov

Not exactly “a surge”, but a surprising 1.4% rise in October, when economists were predicting something like 0.2%. The three-month-to-three-month period showed an annual rise of 5.2%, again higher than expected. Prices are being supported by low interest rates and a shortage of available property. 

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Tue
08
Nov

It sounds like the Negotiator Awards were a noisy affair this year, with some controversy around the nature of the noise itself. Reports, here, of booing when the HouseSimple picked up the “Online Estate Agent of the Year” award have received a sceptical response from The Negotiator’s editorial director, who heard a cacophony of “cheers, clapping, whooping and backslapping”, but no booing. 

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Mon
07
Nov

Americans look to UK property in case of Trump victory [Property Industry Eye]
New York more affordable than London [CityAM]
Savills predict rents will rise fast than prices in the next five years [BBC]

The Rat and Mouse - it’s about your house 

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Fri
04
Nov

You what?

He bought Winner’s £17.5m Holland Park mansion in 2014 but - according to this - his missis is having a few issues with redecoration, as she feels she’s being watched over and her decisions second-guessed by the previous owner’s ghost. So who you gonna call? No, not them. A Native American healer to cleanse the house of Winner. More here.

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Thu
03
Nov

The average home costs six times the average salary, according to the latest figures from Nationwide, after three years in which house prices have risen 20% but wages just 6%. The last time the P/E ratio was this high, was March 2008. More here.

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Nationally, annual rental inflation was unchanged at 2.3% in September, according to the ONS, but in London the figures shifted back into the black for the first time in seven months, with a lift of 2.7%. More here.

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Wed
02
Nov

Hopefully not, according to Simon Jenkins, in an entertaining piece for the Evening Standard. After misleadingly comparing the modern prefab with the, literally, Jerry-built bungalows of old, he goes on, however, to make this valuable point.

There is no evidence to suggest that house prices will fall in response to a few thousand subsidised prefabs. It is like cutting food prices by building a farm. The overwhelming majority — perhaps 90 per cent — of housing transactions in London are of existing property, as people upsize or downsize, immigrate or emigrate. It is on regulating these transactions that Barwell should concentrate his attention.

So what is the answer? Jenkins wants to see higher-density housing, heavy-handed action to discourage foreign buyers and a reduction in the number of foreign students in London. 

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Tue
01
Nov

New Bank of England figures show a mixed bag of mortgage lending data, but the headlines are that after two months of falls, new loans and remortgages were both up on the month in September. Annually, however, lending on house purchases is lower, but the number of remortgages is up. Total value of loans is also down on the year. A bit more detail here.

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Mon
31
Oct

M25 commuter belt properties rise 551% in 30 years [Homes & Property]
Exactly how tough is it for “Generation Rent”? [Daily Telegraph]
For sale: Jemima Khan’s £8m west London mews [Mail on Sunday]

The Rat and Mouse - London’s property blog 

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Fri
28
Oct

Estate agent numbers shrinking [Property Industry Eye]
London market will be slowest to recover from Brexit [City AM]
Build-to-rent threatened by Khan’s discount flats plan [PropertyWeek]
The UK’s most haunted [Daily Telegraph]
And in America… a bargain for modernism fans [Curbed]

The Rat and Mouse - it’s about your house 

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Thu
27
Oct

Fewer than half UK renters are happy with their situation compared with 80% of home owner while in the rest of Europe it is 57% and 77%, according to the survey by Dutch bank ING.

The report looks at the UK’s chronic supply-and-demand imbalance, which tells renters their chances of ever owning a home (particularly in the capital) are slim. There are some contradictions in the report. Fewer UK respondents felt that property was overvalued than their European cousins; and yet the highest proportion of people expecting a house price correction was in the UK (and Australia). 

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