Rat and Mouse
Fri
29
Apr

Older first-time buyers mean growing numbers of borrowers will still have mortgage debt after retirement [Property Industry Eye]
Cheaper to live in four star European hotel than rent in London [Daily Telegraph]
Marsh & Parsons has started “outgrowing” Foxtons in London [Estate Agent Today]
Latest (and last) Land Registry hpi… prices falling everywhere except London and East [Daily Telegraph]

The Rat and Mouse - it’s about your house 

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Thu
28
Apr

20160428ventyourrent1

Organised by the Generation Rent campaign group, London tenants are being encouraged to share horror stories on Twitter with a ventyourrent hashtag. They’re also appearing on a specially published blog. The idea is to highlight the problem in the lead up to the mayoral elections. It’s sobering reading. But equally interesting is the little battle in the comments section below this, in which tenants and landlords debate who might be to blame for dirty rooms, mouldy windows and bugs.

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Wed
27
Apr

It was the much-publicised rush to beat the 3% surcharge on stamp duty for second or investment home buyers that did it… with fewer than 50% of sales in the capital going to actual full-time owner-occupiers. Thirty-six per cent of sales were to landlords, 23% to buyers of second homes. More here.

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It happened in Malmesbury in Wiltshire, and involved a 30 foot fall, after the potential buyer discovered a feature not even the agent was aware of hidden in shrubbery. She was apparently stuck in the disused well from around noon until mid-afternoon. More here.

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Tue
26
Apr

The magazine shines a light on London’s housing crisis, a market in which Londoners employed in academic, research or science professions, and younger people more generally, are being priced out of the city; and wealth inequality is growing so that it “now resembles that in some developing countries”. The problem? A lack of incentive to build. The solution (according to the Economist)? Stop being so precious about London’s greenbelt and get building. 

There is enough green-belt land in Greater London to build 1.6m houses at average densities, says Paul Cheshire of the London School of Economics (LSE)—about 30 times the number of new houses London needs annually.

And allow local councils to set their own taxes on residential property to incentivise planning permission. It’s an interesting read, here.

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Mon
25
Apr

The Mayoral candidates and London property prices [Daily Telegraph]
Inside the new BBC TV Centre apartments [Homes & Property]
Mapped: property prices along the marathon route [CityAM]
Crackdown on “dirty money” a factor in weakening prices at top of London market [Guardian]
MPC member hints at negative interest rate possibility [Daily Telegraph]

The Rat and Mouse - it’s about your house 

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Fri
22
Apr

London property… a lopsided problem [Growth Business]
London homeowners don’t believe a Brexit would hit house prices [City AM]
Nature’s housing association… in London [SW Londoner]
Agents warned on colluding with OnTheMarket [Daily Telegraph]
Mortgage lending soars on rush to beat Stamp Duty hike [Zoopla]

The Rat and Mouse - London’s property blog

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Thu
21
Apr

It’s the (famously bearish) consultancy’s second quarter report, and cites affordability, tax hikes on the buy-to-let sector and Brexit uncertainty as the reasons why the London property market will grind to a halt in 2016, before picking up by 1% in 2017 and 2% in 2018. Perhaps controversially, expect an interest rate rise, though, before the year is out, bringing the bank base rate to 0.75%. More here.

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Wed
20
Apr

It’s a property with historical resonance, a former Panamanian embassy and home to Dame Margot Fonteyn, before developers bought it in 2011. It’s already getting the requisite basement excavation, but new plans for a significant extension to the property, which is close to V&A in South Kensington, has neighbours up in arms. More here.

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… over at CityAM, with a shortlist of five London properties with guide prices £35m+. But which one will they choose?

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Tue
19
Apr

The London property deposit challenge [Moneyfacts]
Tax changes bite into buy-to-let [Rightmove]
And the victims might not be who you think [Daily Telegraph]
Meanwhile - in Mexico - the most luxurious shipping container home ever [Curbed]

The Rat and Mouse - it’s about your house 

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Mon
18
Apr

Two Forest Hill estate agents have been jailed for running cannabis farms in properties they were claiming to let. Police found cannabis plants capable of producing £2m of drugs a way in seven properties “let” by Home to Home estate agents. More here.

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Rightmove’s index of asking prices rose 1.3% in April, led by high demand for larger properties. The theory is that a feeding frenzy at the bottom of the market among buy-to-let investors trying to beat a stamp duty hike released “second-steppers” who very suddenly revitalised the family home market. Drilling down on London, Righmove pegged asking prices 8.7% up on the year, but just 0.3% up on the month. More here

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Fri
15
Apr

Interior design… the porn look [fastcodesign.com]
Cambridge boffins can predict London’s next hotspots [CityAM]
Possible conflict between Sadiq Khan and business adviser over property policy vision [Spectator]
Foxtons letting criticised for warning client off benefits-calming tenants [Evening Standard]

The Rat and Mouse - it’s about your house

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Thu
14
Apr

Despite the much-discussed burst of activity among investors and landlords to beat the Stamp Duty surcharge, demand in the capital slumped in March, according to RICS. Reasons? The surveyors are citing Brexit uncertainties as a major factor, along with worries about the mayoral race and a sense by investors who hadn’t already found a property that it was too late to beat the new Stamp Duty rates. More here.

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Wed
13
Apr

Last month, the ONS index (which related to January) was all about London property gaining £500 a day in value and settling at an average price of £551,000. Hope you didn’t spend it. Because - following the annual revision of “weights” (the way different type and sizes of properties are allowed to influence the final figures) - the latest ONS survey shows the average London property worth £524,000… lower than December’s £536,000. Perhaps misleadingly, the accompanying literature talks about London property “falling back” by 2.8%. You have to go to the “Background notes” at the very end of the document for information about the revisions to the calculation. More here and here.

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