Rat and Mouse
Fri
24
Oct

Remember the tiny flat in Islington, that received some coverage at the beginning of September? It’s sold. The agents won’t say what the final figure was but it apparently received more interest than anything else on their books. The Telegraph is calling it Britain’s smallest home. Have they forgotten about this?

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Following Strutt & Parker’s reservations about transactional volume in London yesterday, Foxtons did the same and issued a profit warning, too. Foxtons shares fell 16%. More here.

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Thu
23
Oct

According to Strutt & Parker, sales in high-end London property were 26.8% lower in the third quarter compared to the same period a year ago. Accompanying comment points to the exceptional level of sales in 2013, but also blames political uncertainty and mansion tax speculation as reasons for a reluctance to commit. 

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Wed
22
Oct

A controversial subject, broached by LibDem minister (debuty Government chief whip in the Lords) Lord Newby. To what extent should over-55-year-old “empty nesters” be “helped” into smaller homes to help free up spare rooms? The suggestion is that the cost of moving is to blame for middle aged squatting on family homes. The reality may be a shortage of suitable property or - more likely - some fondness for a family home large enough to accommodate visiting/returning off-spring. An interesting debate.

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Tue
21
Oct

On the rise and rise of the Candy brothers [Guardian]
Mad about the mews [CityAM]
Fines for Hammersmith landlord [Property Hawk]
Gavin Turk’s space [Daily Telegraph]
And Thomas Hardy’s… in Wandsworth [Daily Telegraph]

The Rat and Mouse - it’s about your house 

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Mon
20
Oct

Asking prices rise nationally by 2.6% in October, according to Rightmove, leaving them up 7.6% year-to-year (slightly down from 7.9% this time last year). Interestingly, the south-east region has outpaced London on an annual basis, 10% to 9.6%, reflecting greater demand across the commuter belt as Londoners cash in and move out. 

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Fri
17
Oct

20141017campbell

Six bedrooms, five bathrooms, library, guest accommodation, double garage, gardens and a Cheyne Walk location, you’ve got to congratulate ex-England defender Sol Campbell on a great London home. So why’s he selling it? The papers have made much of a recent outburst directed at Labour’s mansion tax policy… “the grim reaper of… anyone that has done well.” And there’s even been chatter about Campbell standing as a Tory candidate. But… really? Sell your home because you don’t like the idea of a tax that - as yet - doesn’t exist? Particulars, here.

If these walls could talk… they’d sing (Paul Robeson edition) [October 3, 2014]

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Thu
16
Oct

Protests outside Olympia’s MIPIM Conference (where the councils meet investors and developers and clink glasses of champagne) appear to have caught organisers unprepared and will no doubt spark talk of returning to the traditional Cannes venue next year. According to this, one delegate was arrested for assault, and for a while the gates were officially closed to the event. (Some video footage here.) Protestors made a convincing case (that councils’ approach to planning had become subservient to moneyed rather than social interests). Boris Johnson, in his keynote, made a less convincing one… go here to shed a tear at his own riches-to-riches property story. 

Foreign investors and the competition for UK starter homes [October 14, 2014]

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Wed
15
Oct

OFS figures show north-south divide [Guardian]
Properties with lifetime tenancies - safe bet or bad gamble? [Daily Telegraph]
Australian family get extra £76,000 for throwing in the family cat [Daily Telegraph] 
On Lion Lodge, Belgravia’s first new property in generations, and the site’s inglorious past [Daily Mail]
Artistic future for "Mole Man” home [Evening Standard]

The Rat and Mouse - it’s about your house

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Tue
14
Oct

It’s very Daily Mail, I’m afraid, but it’s interesting… boutique property investment firms set up in China and Russia to sell UK starter homes to foreign investors. Most interestingly, the focus is no longer on London or even the major cities, but includes Swindon, Weston-super-Mare (presumably, easier to sell to somebody who’s never actually visited, nor has any intention to) and south Wales. There’s also anecdotal evidence of entire blocks being sold to Chinese investors. More here.

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20141014bh

According to Graham Norwood in EstateAgentToday, he’s looking to invest in existing firms in return for branding opportunities for his long-standing investment group Berkshire Hathaway. In the US, BH already has its name on 1,400 estate agency offices. More here.

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Mon
13
Oct

Study predicts new property price boom in next five years [This Is Money]
But hedge funds bet on short-term bust [Financial News]
Borrowers can expect more great deals [This Is Money]
Signs you’re dating/married to an agent [Inman News]

The Rat and Mouse - London’s property blog, since 2005 

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Fri
10
Oct

Focus, inspire by seeing ways around problems, be unique and take data seriously. An interesting piece over at Inman.

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Thu
09
Oct

It’s a 2,4000 square foot detached house, and the owner’s dropped his price from $3,000 to - according to his agent - an iPhone 6 (he’s also entertain a 32GB iPad. A very sad story of a city struggling. 

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Halifax report the second consecutive decline in the (more accurate) quarterly rate of house price inflation, down to 2.7%, although prices rose by 0.6% on the month and are up 9.6% annually. Get your copy of the report here. According to agents reporting back for the latex RICS report, prices in London were down for the first time since January 2011. Nationally, the proportion of agents reporting house price gain dropped more dramatically than was expected. More here.

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Wed
08
Oct

They’re looking for a house-share with professionals, if you think you can help. If you can’t, it’s an interesting read nevertheless… a tale of frustration, lowered expectations and disappointment. Six weeks on spareroom.com.

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