Rat and Mouse
Fri
30
Jan

Chestertons takes down company's “for sale” notice [Property Industry Eye]
Nationwide shows gains slowing [Reuters]
Land Registry shows London prices ending 2014 up 16.3% (we're still waiting on ONS figures) [City AM]
On Saturday’s Homes for Britain rally [24 Dash]

The Rat and Mouse - it’s about your house 

Technorati Tags: ,

Thu
29
Jan

… and doesn’t like what it sees. Panmure Gordon has downrated both Rightmove and Zoopla to a “sell” rating, apparently rattled by OTM post-launch. The advice, however, appears to be contrary to the tide… Zoopla’s share price has risen significantly this week and Rightmove's doesn’t appear to have been adversely affected.

[via PropertyIndustryEye]

Technorati Tags: ,

Wed
28
Jan

Agent in rape case [Property Industry Eye]
Foxtons expects London market rally following election [PropertyForum]
MoneyWeek doesn’t [MoneyWeek]
JFK’s former home set to break London property records [Daily Mirror] 

The Rat and Mouse - it’s about your house

Technorati Tags: ,

Tue
27
Jan

Shares down 2.4% in early trading after fourth quarter results show revenues 12% south. More here.

Technorati Tags: ,

So, the whole crawling thing didn’t go well...

20150127houser

But Houser’s still up-and-running and… talking to you. As of publishing, a visit to the new property search site rewards users with an odd, computer-generated voice reading out a random listing. 

Kudos to Rosalind Renshaw, however, for noticing an early acquisition. It was just about two weeks ago when NeedaProperty was reported dead. Now it appears to have been revived, and by… guess who?

20150127needaproperty

More here.

Technorati Tags: ,

Mon
26
Jan

20150126otm

It’s believed to currently represent roughly a quarter of the market, which isn’t bad for a launch, earning (at current rates) £14m annually. And how’s it working? Well. It displays results with extraordinary speed, and the grid layout is refreshing.

20150126otm2

Nothing hugely innovative or flash… but robustness, speed and clarity shouldn’t be underestimated. Go here.

Technorati Tags: ,

Fri
23
Jan

20150123emoov

Congratulations to award-winning online agents eMoov, now backed by a further £1.5m investment courtesy of Episode 1 (a previous investor in Zoopla). We know what “disruptive” means in relation to this market, but are the online agents really shifting properties? eMoov claims to have sold more than 3,500 homes since it was launched less than five years ago. Start counting in 2011 and that works out at around 70 sales a month. 

They’re Bexley (£975), Barking & Dagenham (£948) and Havering (£925), where the cost of commuting adds a further £1,800 a year, immediately wiping out any advantage. The figures come courtesy of Hamptons International, and are headlined by the current annual rent inflation of 6.4% in the capital. More here

Technorati Tags: ,

Thu
22
Jan

A study by TrustMark (a find-a-tradesman scheme) shows 91% of potential buyers would reduce an offer and 54% would avoid making an offer at all faced with examples of shoddy DIY. Electrical amateurishness, and particularly exposed wiring, were - sensibly - the biggest concerns. 

Technorati Tags: ,

Wed
21
Jan

It’s something of an experiment, a pop-up store, open until the end of January, for Harrods Estates properties, in the Harrods department store. So… think expensive, prime London homes, plus a few new apartments in the Stratford City regeneration. The real selling point? The store’s using the Oculus headset - a 3D, immersive, headset-operated gaming platform - to conduct virtual tours. Interesting. What we want to know? If you decide you like your £20m Herbert Crescent home, can you refuse to take the headset off and claim squatters’ rights? More here.

Technorati Tags: ,

Tue
20
Jan

According to Rightmove, they’re up 0.9% on the month, with gains focussed on inner London (up 2.3%). (In fact, in “outer London”, asking prices slipped half a percent.) Asking prices in both areas are, however, a whisker off 13% higher than this time last year. 

Technorati Tags: ,

Mon
19
Jan

As portals jockey for position before the imminent launch of Agents Mutual’s Rightmove/Zoopla-threat Onthemarket, Rightmove has grasped the nettle in a most unexpected way with this strange template letter for agents to send to clients. Onthemarket, you’ll remember, comes with a one-other-portal-only clause. Rightmove’s seemingly generous letter is being read by some as a free opportunity to promote itself and as others as a way to extinguish its more realistic threat (Zoopla). It’s probably both. 

Meanwhile, remember Houser? It promised to be disruptive, and so far it’s achieved that. According to this, agents are queuing up to have their listings removed. Houser - which could perhaps learn a lesson about diplomacy from Rightmove - has apparently responded by accusing agents who don’t want their listings automatically crawled of not caring about their customers. The UK property market is particular, eccentric and built on a long history. If entrepreneurs don’t understand the culture, they risk coming a cropper, no matter how skilled they are in IT. More here.

Technorati Tags: ,

Fri
16
Jan

Agency named and shamed for paying less than minimum wage [Property Industry Eye]
RICS predicts 2% to 5% fall in London house prices this year [Daily Telegraph]
Savills’ prime London rental market survey [Savills]
Ten short films about housing in London… online now [Londonist]

The Rat and Mouse - it’s about your house

Technorati Tags: ,

Thu
15
Jan

20150115heatmap

Go here for an interesting heat map, using deposit protection scheme data to show just where the UK’s offshore landlords are based. (France heads up the list, followed by Australia and the US.)

Technorati Tags: ,

20150115ad

The ad relates to Greenwich’s Abbey Wood development, by Development Securities, and targets investors in Hong Kong. According to a spokesperson for the project, buy-to-let investors are sensitive to service charge repercussions for development with social housing, but the wider project does fulfil its affordable housing obligations. More here.

Technorati Tags: ,

Wed
14
Jan

But not both, according to Cambridge University scientists, who have split the city up matching psychological traits to geographical location. The richer the area, the more successful the residents, the less “agreeable” the people who live there, say the psychologists, who clearly take a fairly cynical view of the world of work. So don’t expect much courtesy in Westminster or Central London; if you value openness to new experiences try Islington or Kings Cross; enjoy the company of happy extroverts in Wandsworth. More here.

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