Rat and Mouse
Fri
22
May

If you think free sachets of Nescafe and unlimited use of the trouser press is luxury living, read about plans for a new set of apartments attached to the Wanda Vista Hotel… valet parking, maids and room service, plus your own private entrance.

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Thu
21
May

It looks bad at first. A rise from 68,200 to 70,900 (first quarter-to-first quarter) in the total of households in “severe” rent arrears. But the figure needs balancing against rising numbers of renters. More here.

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Thu
21
May

We’ve followed the fortunes of innovative property search engine Nestoria from its launch by two former Yahoo technicians with ambitions to make property search more intelligent to its international growth into nine markets. But its biggest step came yesterday, with news that it had been purchased by Spanish online classifieds group Mitula. Bringing Nestoria together with Mitula’s presence in South America and South East Asia, under the chairmanship of ex-REA head Simon Baker, the combined businesses will have unparalleled international reach. Congratulations to Ed and the team.

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Wed
20
May

It’s a location-based app on the IOS platform, giving you listings on the move in an easily navigable format. It’s clever and it’s free. The only downside… it’s currently Zoopla-only. And with the recent loss of a quarter of Zoopla's agency membership, that might be a problem. 

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Tue
19
May

According to Homes & Property, £221m from the Mayor means London’s largest borough is about to shed its chrysalis. 

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Mon
18
May

Think twice before plunging your pension into btl {Letting Agent Today]
Zoopla/OnThe Market war of words continues [Property Industry Eye]
Online/high street agency ad spat [Estate Agent Today]
Regeneration at Nine Elms [Homes & Property]
Strong pound hits high-end London property [Daily Telegraph]
Helen Lederer’s neighbours - a nightmare [Daily Telegraph]

The Rat and Mouse - it’s about your house

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Fri
15
May

20150515startrek

Full story courtesy of the Telegraph.

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Thu
14
May

According to surveyors/agents it’s the first time prices have been seen rising in all regions of the UK since August last year, with London prices back on the boil. No coincidence, the supply of homes fell at its fastest rates since May 2009. Accompanying comment, urging the Government to support the building sector, describes the situation as “a national emergency”.

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Wed
13
May

Property Industry Eye has some interesting data regarding prosecutions of landlords and letting agents across the last financial year. There were 580 in London, with Newham alone accounting for 359. That’s more than a prosecution a day for a variety of offences including failure to comply to improvement notices, prohibition orders and regulations regarding HMOs. More here.

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Tue
12
May

From a renters’ plea to a demand for more brownfield sites… five things the London property industry wants from David Cameron.

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Mon
11
May

NAEA boss welcomes election results [Property Industry Eye]
Agents agree… and look forward to “bun fight” [Evening Standard]
Top end of the London market… from gazundering to gazumping in 24 hours [Daily Telegraph]
Savills expects surge in build-to-rent too [Letting Agent Today]
A new housing minister… some contenders [Estate agent Today]

The Rat and Mouse - it’s about your house 

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Fri
08
May

New data from Lonres, the property research body, found that 64pc of those homes already reduced in asking price, dropped again as the vendor was on the verge of completion. Apart from the end of 2014, such high levels of gazundering in the luxury quarter of the capital had not been seen since 2012 when the country was hauling itself out of recession.

Regrets? I suspect some recent vendors have woken up this morning with a few.

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Remember Greene & Co.? They’re the London agents (seven offices, currently) still best remembered for being featured in an early (and compelling) TV reality doc way back in 2004. The news, according to Property Industry Eye, is that they’ve been bought, in an “eye-popping” deal, by the Countrywide group. More here.

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Thu
07
May

He’s been there (a constitutional maximum “term” of) nine years, and he’ll be stepping down on November 30. But he’s not going quietly. Talking to Property Industry Eye, Christopher Hamer rubbishes manifesto promises to ban lettings fees charged to tenants and introduce rent controls, and criticises a “scattergun” approach to legislation. 

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TableCrowd and Fixflo have teams up for what looks like an interesting networking dinner on May 20, with Lokku’s own Ed Freyfogle providing the after-dinner entertainment. We can’t promise singing, dancing or magic, but we’re pretty confident of an entertaining and informative talk and Q&A with the man behind - among other things - the highly innovative Nestoria property search sites, active now in nine markets. More here.

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Wed
06
May

Despite a recent uplift for the capital, MoneyWeek is predicting further and ever-more-dramatic “house price convergence” in the coming months for London and the UK. According to Merryn Somerset Webb, the combination of major banks leaving the country following a more aggressive bank levy, a possible mansion tax, a possible 50% income tax rate and the abolition of non-dom status would - under a Labour leader - combine with economic tailwinds in oil-producing countries to create a perfect storm which would hover over London’s property market. It’s a good read, here.

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