Rat and Mouse
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.

Technorati Tags: ,

Tue
05
May

North of the border, new rules on the horizon could lead to landlord exodus [Property Industry Eye]
First-time buyers need £77,000 salary to live in London [Guardian]
The country’s most expensive locations for tenants [Guardian]
Canadian couple in “chicken meat in shoes” Airbnb rental disaster [Curbed]

 

The Rat and Mouse - it’s about your house 

Technorati Tags: ,

Fri
01
May

Zoopla share boost following uSwitch purchase [Property Industry Eye]
But the agents continue to leave for OTM [Property Industry Eye]
Foxtons blames London slowdown on election uncertainty [Guardian]
Fifty thousand families moved to boroughs outside London in last three years [Independent]

The Rat and Mouse - it’s about your house 

Technorati Tags: ,

Thu
30
Apr

Not even pre-election uncertainty (or “jitters”… which, I believe, is the official/compulsory journalese) can reign in house price rises. Nationwide reports a 1% rise March-to-April, the biggest monthly rise since June 2014, pushing the annual rate of growth to 5.2%, a pick-up for the first time in seven months. The UK average house price hits a record £193,048.

Technorati Tags: ,

Wed
29
Apr

As we all know, the bank base rate has been at the record low of 0.5% since March 2009. Last October, a consensus poll of economists saw an expectation of a rise this month. By the start of the year, that had shifted to October 2015. Now the same forecast is saying July 2016, following a slump in oil prices. More here.

Technorati Tags: ,

Tue
28
Apr

Ninety-one per cent of public back estate agents, according to survey conducted by estate agents [Estate Agent Today]
A guide to Barnes [Homes & Property]
UKIP housing spokesman’s nice little housing benefit earner [Independent]
Property’s lucky generation [Daily Telegraph]

The Rat and Mouse - it’s about your house 

Technorati Tags: ,

Mon
27
Apr

They came over the weekend and this morning...

The controversial rent cap policy… three-year tenancies to become “the norm” (although how this can be enforced is a mystery), with rent increases within those three years limited to inflation. (Plus a ban on letting agents charging tenants fees.) There are no plans - and this is important - to limit rent rises between tenancies or after the three-year duration of an agreement. However, they are proposing a rule of transparency, give new prospective tenants the right to know what the previous tenant was paying. Aren’t three-year agreements good for landlords, too? Aren’t most reasonable rent increases between tenancies outweighed by the fees associated with preparing a property and finding a new tenant, plus any resultant void periods? The panic regarding this announcement appears to me to be unwarranted.

For first-time buyers… an exemption from stamp duty on properties costing less than £300,000, plus a pledge to build a million new homes by 2020. 

Technorati Tags: ,

Fri
24
Apr

On letting agency fees [Homes & Property]
The UK cities beating London on house prices [Daily Mirror]
New heating regs might hit landlords [Letting Agent Today]
A transformation in Spitalfields [Homes & Property]

The Rat and Mouse - it’s about your house 

Technorati Tags: ,

Thu
23
Apr

The research is by Kiwi Movers, and consists of a survey of just over 1,000 tenants and their experience across the last five years. Fifty-two per cent had at least some of their deposit withheld, and only 20% reported a trouble-free end of tenancy. More here.

Technorati Tags: ,

Wed
22
Apr

Blimey, that’s a lot of money. According to Landlord Action’s Paul Shamplina, the landlord also suffered a nervous breakdown apparently related to the stress of renting a property to the singer. More here.

Technorati Tags: ,

Tue
21
Apr

Sol Campbell’s so afraid of mansion tax he’s moving [Daily Express]
A cool transformation in Wandsworth [Homes & Property]
Confidence shown in asking prices [Evening Standard]
Is the Tory right-to-buy manifesto promise an embarrassing u-turn? [Property Industry Eye]

The Rat and Mouse - it’s about your house 

Technorati Tags: ,

Mon
20
Apr

New research apparently shows a significant fault line running through London and the Home Counties, increasing the chances of a catastrophic earthquake at some time in the future. Non-dom tax rule changes, mansion tax, political instability… now earthquakes. Will anything put the London buyer off?

Technorati Tags: ,

Fri
17
Apr

It’s a RICS report, so don’t expect science, but 21% more surveyors/agents reported rising prices than static/falling in March, and accompanying comment talks of a “worrying” trend. The problem? Solid demand, a lack of supply effecting everywhere except London and some parts of the north. More here.

Technorati Tags: ,

Thu
16
Apr

2 bedroom house for sale in Ripplevale Grove Barnsbury N1 through Foxtons Property for sale

Two bedrooms, three floors, (a pretty nice) rear garden and only 8ft wide. It’s in N1, and listed with Foxtons with a £749,000 guide price. Particulars here.

20150416skinny

Technorati Tags: ,

Wed
15
Apr

Extending the Right to Buy scheme doesn’t solve the problem of boosting the supply of affordable homes.

(CBI)

We fear the figures simply won’t stack up… We would be very concerned that it would result in a dramatic loss of vital social and affordable housing.

(Chartered Institute of Housing)

… would not help the millions of people in private rented homes who are desperate to buy… The wrong solution to our housing crisis.

(National Housing Federation)

We would have to make up the difference.  Housing associations are private bodies, as we all know.  It would involve massive subsidies.

(Mayor Boris Johnson)

Short-termist thinking that 4.7m households in social housing don’t need.

(Jones Lang LaSalle)

The question is… what’s more important? The support of self-interested voters or the party’s reputation among the business community for economic competence? Cameron’s clearly gambling on the former.

Technorati Tags: ,

Tue
14
Apr

20150414deckchair

There’s no accounting for taste. 

Technorati Tags: ,

 

 


POSTCODES
THANKS TO
ENTRIES BY MONTH
ABOUT
UK PROPERTY RESOURCES
US / INTERNATIONAL PROPERTY BLOGS
LONDON BLOGS
CREDITS
Publisher Editor Technical and Design Hosting Software