Rat and Mouse
Wed
24
Aug

The Mirror looks at Land Registry data to illustrate just how rich you can get by… being rich. There’s the Hillgate Place property worth £790k in 2001 which sold for £2.85m in 2014. And the Ansdell Terrace property bought for £900k in 2002 and sold for £4.1m in 2014. (Both properties had changed hands numerous times in between but you get the idea.) However, all the latest news suggests the piece might be an exercise in nostalgia, with the post-Brexit outlook for the most expensive London postcodes looking dodgy at best.

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Tue
23
Aug

The data comes from the NAEA, and reveals demand for domestic property at its lowest level since November 2013 and down 35% since July 2015. The number of properties sold at discount increased between June and July, too, by 8%. More here.

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Mon
22
Aug

Are private landlords “lining their pockets” with housing benefit cash, or providing tenants poorly served by affordable housing with homes? [Property Industry Eye]
Countrywide predicts 1% fall in property prices next year [Guardian]
When a room’s real dimensions are smaller than the builder’s plans claim [Sunday Telegraph]
Watch (now ex-) Foxtons agents fight with Class War activists outside Borison Johnson’s home (video) [Evening Standard]
The remarkable house above Highgate Cemetery [Domain]

The Rat and Mouse - London’s property blog 

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Tue
09
Aug

A short breather, back on the 22nd. But message me on Twitter if it matters. x

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The survey, by Bishop’s Move, shows more than half of prospective movers are anxious to be out of or into their new homes before Article 50 is triggered (suggesting a dramatic slowdown in store in the months following the actual formal separation). Thirteen per cent have cancelled a move completely as a direct result of the surprise outcome of the referendum. More here.

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… to Scottish property investment specialists Cairn, for topping their "properly blogs to follow” list with the Rat and Mouse. To see the rest, go here. To read Cairn’s own blog, go here.

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Mon
08
Aug

Fifteen flat owners in block are holding deeds to the wrong apartments [Property Industry Eye]
Market report… prices slip in July [BBC]
Conveyancers call for stamp duty to be scrapped [Property Industry Eye]
In eye of the prime London property storm, Sotheby’s opens new office in Belgravia [Estate Agent Today]
The winners and losers from the new record low base rate [Mail on Sunday]

The Rat and Mouse - it’s about your house 

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Fri
05
Aug

Knightsbridge values down 7.3% on the year, in post-Brexit collapse [The Week]
Blowjob cafe… an unlikely addition to London’s list of attractions [Elite Daily]
New UK copyright rules mean end to popular designer rip-offs [Curbed]
Landlords respond to Corbyn rent control proposals [Property Industry Eye]

The Rat and Mouse - London’s property blog 

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Thu
04
Aug

And there we have it… widely predicted but still an astonishing thing to contemplate. The base rate is now 0.25%, quantitive easing has been boosted by £60bn and the Bank has slashed next year's growth forecast from 2.3% in its May forecast to 0.8%. In the last few minutes, the pound has started falling against the dollar.

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With - for a second time this summer - all eyes on the MPC and the expectation of an interest rate cut announcement today, the Independent asks what are the benefits. Few, appears to be the answer. After a rush to convert from tracker mortgages to fixed rate in recent years (after noises from the Bank of England about a rate rise), few homeowners are set to profit. History also suggests that banks are slow to pass on rate cuts to business borrowers, and applications are way down anyway. They’re quick, however, to kill off the best deals for savers. Pensions could be hit negatively, as could the pound. More here.

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Wed
03
Aug

… up 46% between Q1 and Q2, and the rate of approval to application was 76%, according to data from agents Stirling Ackroyd. Year-on-year, however, the data’s not so thrilling, falling 22%. More detail, here

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Tue
02
Aug

Research by The Resolution Foundation finds levels of home ownership plummeting since a 71%  peak in 2003, with Manchester leading the fall. Current levels were last seen in 1986. The UK figure now stands at 64.1%. More here.

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Mon
01
Aug

London’s best mews [Savills]
Record inheritance tax take driven by London/South East house price gains [This Is Money]
RICS urges caution re. post-Brexit valuations [Property Industry Eye]
Countrywide’s online service for autumn roll-out,.. some early details [Estate Agent Today]

The Rat and Mouse - it’s about your house 

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Fri
29
Jul

An average 0.5% rise in the month, compared to 0.2% the month before, leaving the annual pace of house price inflation up 0.1% at 5.2%. Accompanying comment, however, warns that its data comes at an early stage, and is based on mortgage offers, which might not come to fruition if a buyer decides not to move ahead.

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The Brexit vote gets the blame for a dramatic fall in pre-tax profits in the first half of the year, from £18.1m in 2015 to £10.5m. The evidence? At the heart of the problem, sales revenue in the second quarter, down from £18.2m in Q2 2015 to £11.4m. More here.

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Thu
28
Jul

A survey by flatshare marketplace weroom claims to reveal the top lies flatmates tell flatmates. Perhaps surprisingly (and innocently) the very first is the excuse to get out of attending a party, followed by avoiding coming clean to pulling a dubious sickie from work. In third place - perhaps more predictably - hiding a crush on a fellow housemate and - fourth - failing to own up to damaging something. In fifth - that old one - eating a flatmate’s food from the fridge and denying all knowledge. For the rest, go here.

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