Rat and Mouse
Tue
12
Apr

And both candidates recognise this, according to today's FT. The difference in strategy? For Goldsmith, it’s about more building. For Khan, it’s about forcing developers to increase the proportion of affordable homes in a development to 50%. Critics believe that’s the point at which projects become unaffordable and will be abandoned. 

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Mon
11
Apr

Following second home stamp duty surcharge deadline, the first-time buyers are back [Property Industry Eye]
How Brexit is hitting the centre, and Crossrail is profiting the outside [Independent]
The regions are outperforming central London [Telegraph]
East London remains the exception [CityAM]
Inflation on the rise, no rate rise expected soon [This is Money]

The Rat and Mouse - it’s about your house 

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Fri
08
Apr

RICS calls for full compulsory licensing of all estate agents [Property Industry Eye]
Regeneration schemes and their affect on neighbourhood property prices [City AM]
Latest Halifax house price data [Property Hawk]
Because nowhere does divorce like London [Inquisitr]

The Rat and Mouse - London’s property blog 

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Thu
07
Apr

First, a rush to complete before the deadline. Now, this...

Research on Rightmove by property crowdfunding business Property Partner shows rental listings up by 20.6% in the week that the tax hike kicked in, compared with the previous week.

Looking more specifically at London, there was a 19.4% rise. Enough to soften rents? Look out for a "third effect”.

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Wed
06
Apr

According to this, there are roughly 2,800 Mossack Fonseca companies on the Land Registry list of overseas property owners, with significant commercial and residential holdings linked to the president of the UAE, Pakistan’s PM, Iraq’s former PM, the Nigerian president, the former boss of HSBC, the Graff diamond magnate and many others. Go here to read about the London flats owned by Soulieman Marouf… Assad’s fixer in the UK. 

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Tue
05
Apr

According to Knight Frank data shows Kensington prices down 6.8%, 4.9% in south Kensington and 2.5% in Chelsea across a year, and no sign yet of the winter/spring pick-up as bankers get a sense of bonus season. More here.

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Mon
04
Apr

Staffordshire agent spared jail after stealing deposits and rent [Property Industry Eye]
House prices rise 47,000% in a single lifetime [CityAM]
The cost of proximity to central London? £3k per minute [Observer]
Branson’s old mansion sells for £37.5m profit [Daily Mirror]
Minimalist inspiration in Instagram [Curbed]

The Rat and Mouse - it’s about your house

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Fri
01
Apr

Foxtons’ Google review surge [Property Industry Eye]
Brits obsessed with online snooping target friends’ and families’ properties [Daily Express]
Differentiating… high-end development to have own private art gallery [Independent]
Zaha Hadid tributes on social media [Curbed]

The Rat and Mouse - London’s property blog 

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Thu
31
Mar

It will replace both ONS and Land Registry indices, and will be launched in June, according to this. It will be based on completion data, and to whet the appetites of data nerds up and down the land, it has published some historical (2011) data, using its new formula (which is said to put less weight on properties at the top end of the market). The results are slightly confusing, showing an average UK price slightly above its Land Registry equivalent but significantly below ONS figures. More here and here.

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Wed
30
Mar

Not everyone, obviously, but everyone financing high-end London property builds, according to Randeesh Sandhu of Urban Exposure Real Estate. The cause of the freaking is oversupply, with 54,000 homes in development and falling commodity prices and a less advantageous tax situation deterring foreign buyers. Central London land values are a good marker of the strain, down 0.2% last year, after a 24% rise in 2014. More here.

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Tue
29
Mar

Sophisticated new Nigerian scam targets property hunters [Property Industry Eye]
In case you were wondering [Forbes]
Oxford UK’s least affordable location [City AM]
Bank to target buy-to-letters… the onslaught continues [Sky News]

The Rat and Mouse - it’s about your house

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Thu
24
Mar

After a bitter battle to pass ambitious redevelopment plans for his Kensington Palace Gardens, is Foxtons founder Jon Hunt about to be stumped before work begins? Now the French and Indian Embassies have written to the council to lodge complaints about plans to dismantle a wall on Bayswater Road, at the rear of Hunt’s property, to allow access to the kind of heavy vehicles needed for such an ambitious restructuring. They’re concerned about noise and dust. Go here for some images of the proposed property, including a giant “car carousel”. 

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Wed
23
Mar

Yesterday’s ONS figures show the continuing gap between the London/the south east residential market and the stuttering market elsewhere. London prices were up 10.8% on the year, the south east generally showing 11.7%. (The average London property gained almost £500 a day in value through January.) In Wales, prices were down 0.3%, and there was marginal movement in the north east and Northern Ireland and Scotland.  It will be interesting to see how significant the rush to beat new stamp duty rules has been to a London market heavy on the lettings side.

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Tue
22
Mar

What could the Land Registry soon have in common with DFS and Poundland? [Property Industry Eye]
London’s opaque property market [BBC]
Not sure where to live? Let this simple quiz decide… [BBC]
RLA hits back at government for recent anti-landlord tax legislation [Letting Agent Today]

The Rat and Mouse - it’s about your house 

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Mon
21
Mar

The effects of the triple whammy (higher CGT rates than other sectors, higher stamp duty rates than other buyers, withdrawal of tax relief on mortgage interest payments) on real-life landlords, interviewed by the Sunday Telegraph. The hardest hit appear to be landlords in the north, where poor house price performance discounts one income opportunity, and means btl os more about income than investment. It’s interesting to hear landlords make the moral case for their sector, too.

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New Rightmove data shows record-breaking asking prices for March, in what may turn out to be an end-of-tax year spike, answering peak demand before tax changes. Asking prices in London were up 11% on the year… although flat on a month-to-month basis. Across England and Wales, prices were up 7.6% on the year, an extraordinary 50% increase across the decade. 

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