Rat and Mouse
Wed
05
Nov

According to a survey by Ocean Finance 40% of tenants aged 25 to 34 would prefer to buy but don't believe they’ll ever be able to afford a home, and a further 32% would prefer to rent anyway. Only 28% foresaw a future purchase. More here.

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It’s agent-versus-agent in Germany as rival trade organisations argue over the prospect of industrial action, triggered by new rules about rental caps and agent commissions. What they didn’t see coming was overwhelming public support… for them to go on strike permanently. Check out the twitter hashtag #maklerstreik.

[via Estate Agent Today]

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Tue
04
Nov

He’s Michael Ross - head of property developers CNM Estates - and he’s angered global T’n’A developers Playboy by buying a web address… www.playboy.london. Apparently, the lawyers have been in touch, but Ross plans to ignore them, handing the address down to his unborn child when s/he turns 18. Who said there’s no space for sentimentality in the property business?

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Go here for an interesting graphic (by London Central Portfolio) showing exactly where national house prices (with London prices stripped out) have headed in the last ten years when taking into account inflation. The answer? Nowhere. Prices continue hover around the July 2004 level, casting profound doubt on residential property’s capacity to provide pensions. Everybody knows that London data skews national stats, but there’s nothing like a graph. 

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Mon
03
Nov

The art of living in suburbia [Daily Telegraph]
Drugs kingpin’s London property empire seized [International Business Times]
Could Hunt be planning a Foxtons buy-back? [Daily Telegraph]
Market report - Nationwide reports loss of momentum [BBC]
Poll suggests most economists expect rate rise late in 2015 [Reuters]
Mansion tax? I’ll leave first, says Griff [Daily Mail]

The Rat and Mouse - London’s property blog since, 2005 

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Tue
28
Oct

20141028onabreak

Back at the weekend. See you then. - B

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Mon
27
Oct

20141027wuthering

It’s a somewhat grand six-bedroom house in Eltham, backing onto the Royal Blackheath golf course, comes with planning permission for extensive further development and it’s where Kate Bush lived between 1985 and 2003. Her brother apparently still lives next door. The house is officially called Wuthering Heights, and there’s a guide price of £2.75m. Particulars here.

If these walls could talk… English defender edition [October 17, 2014]

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Fri
24
Oct

Remember the tiny flat in Islington, that received some coverage at the beginning of September? It’s sold. The agents won’t say what the final figure was but it apparently received more interest than anything else on their books. The Telegraph is calling it Britain’s smallest home. Have they forgotten about this?

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Following Strutt & Parker’s reservations about transactional volume in London yesterday, Foxtons did the same and issued a profit warning, too. Foxtons shares fell 16%. More here.

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Thu
23
Oct

According to Strutt & Parker, sales in high-end London property were 26.8% lower in the third quarter compared to the same period a year ago. Accompanying comment points to the exceptional level of sales in 2013, but also blames political uncertainty and mansion tax speculation as reasons for a reluctance to commit. 

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Wed
22
Oct

A controversial subject, broached by LibDem minister (debuty Government chief whip in the Lords) Lord Newby. To what extent should over-55-year-old “empty nesters” be “helped” into smaller homes to help free up spare rooms? The suggestion is that the cost of moving is to blame for middle aged squatting on family homes. The reality may be a shortage of suitable property or - more likely - some fondness for a family home large enough to accommodate visiting/returning off-spring. An interesting debate.

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Tue
21
Oct

On the rise and rise of the Candy brothers [Guardian]
Mad about the mews [CityAM]
Fines for Hammersmith landlord [Property Hawk]
Gavin Turk’s space [Daily Telegraph]
And Thomas Hardy’s… in Wandsworth [Daily Telegraph]

The Rat and Mouse - it’s about your house 

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Mon
20
Oct

Asking prices rise nationally by 2.6% in October, according to Rightmove, leaving them up 7.6% year-to-year (slightly down from 7.9% this time last year). Interestingly, the south-east region has outpaced London on an annual basis, 10% to 9.6%, reflecting greater demand across the commuter belt as Londoners cash in and move out. 

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Fri
17
Oct

20141017campbell

Six bedrooms, five bathrooms, library, guest accommodation, double garage, gardens and a Cheyne Walk location, you’ve got to congratulate ex-England defender Sol Campbell on a great London home. So why’s he selling it? The papers have made much of a recent outburst directed at Labour’s mansion tax policy… “the grim reaper of… anyone that has done well.” And there’s even been chatter about Campbell standing as a Tory candidate. But… really? Sell your home because you don’t like the idea of a tax that - as yet - doesn’t exist? Particulars, here.

If these walls could talk… they’d sing (Paul Robeson edition) [October 3, 2014]

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Thu
16
Oct

Protests outside Olympia’s MIPIM Conference (where the councils meet investors and developers and clink glasses of champagne) appear to have caught organisers unprepared and will no doubt spark talk of returning to the traditional Cannes venue next year. According to this, one delegate was arrested for assault, and for a while the gates were officially closed to the event. (Some video footage here.) Protestors made a convincing case (that councils’ approach to planning had become subservient to moneyed rather than social interests). Boris Johnson, in his keynote, made a less convincing one… go here to shed a tear at his own riches-to-riches property story. 

Foreign investors and the competition for UK starter homes [October 14, 2014]

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Wed
15
Oct

OFS figures show north-south divide [Guardian]
Properties with lifetime tenancies - safe bet or bad gamble? [Daily Telegraph]
Australian family get extra £76,000 for throwing in the family cat [Daily Telegraph] 
On Lion Lodge, Belgravia’s first new property in generations, and the site’s inglorious past [Daily Mail]
Artistic future for "Mole Man” home [Evening Standard]

The Rat and Mouse - it’s about your house

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