Rat and Mouse
Tue
10
Mar

A studio flat the size of a small waiting room was let within 40 minutes of appearing on the EJ Harris website. The 301 sq ft property, close to Oxford Circus, was said to have received over 200 emails in the first 15 minutes of appearing, had five offers after half an hour and was not only let in 40 minutes, but let with fees, deposit and the entire six months rent of the tenancy paid upfront. It’s apparently a new record, and illustrates both the strength of the London lettings market, and the power of the W1 postcode. More here.

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Mon
09
Mar

Jail for gambling addict/agency book fiddler [Property Industry Eye]
Kendall Jenner moving to London to escape Kardashian circus? [Celebrity Laundry]
Is this what peak housing looks like? [Motley Fool]
In Brighton, landlord takes council’s advice to “spruce up” his property [Letting Agent Today]

The Rat and Mouse - it’s about your house 

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Fri
06
Mar

Yesterday’s property price reports looked a little familiar. The national picture - provided by Halifax - was of a continuing slowdown, a 0.3% fall in February (after a surprise rise in January), and a slowing of the three-month-to-three-month annual inflation figure from 8.5% to 8.3%. But it was back to business as usual for prime central London properties, with Knight Frank reporting the first monthly rise in five months. (Before we get too excited, it was a very modest 0.1%, with the annual rate of inflation down at 4%.) The increase was said to have been motivated by increased action in the sub-mansion tax markets. More here

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Thu
05
Mar

… after the latest MPC meeting, at a record low 0.5%, where they’ve been, now, for six years. 

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Wed
04
Mar

Rent-free living… the guardians [Daily Telegraph]
Are estate agents unwittingly laundering terrorist money? [Property Industry Eye]
And that’s just the tip of the iceberg [Independent]
London property and the election [Spectator]
Romford house collapses without warning [Independent]

The Rat and Mouse - London’s property blog 

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Tue
03
Mar

Readers of a certain age may remember the posh and charmingly clumsy presenter of The Word. The news is she’s taken a job selling upmarket US property, following the family tradition. More here.

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Mon
02
Mar

According to Nationwide data, house prices fell 0.1% in February (eye-catching for headlines but too small a figure to be significant). More crucial, it was the sixth consecutive fall in annual house price growth, down from 6.8% in January to 5.7%. Accompanying comment focuses on positive general economic data, but a trend away from owner-occupation, particularly among the younger generation. Get your own copy here.

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Renting and snobbery in the UK [Daily Telegraph]
For sale: Kensington flat, once the home of pre-Raphaelite artists Sir John Everett Millais [Daily Mail]
Led Zeppelin v Take That… neighbour wars [Daily Mail]
London’s firest co-housing project [Homes & Property]

The Rat and Mouse - it’s about your house 

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Fri
27
Feb

Why? Because - for RE/MAX - the associated bank charges are almost eliminated and - for foreign tenants - it’s a global currency, and so their own banking-related charges are also lower. According to RE/MAX London spokesperson Peggy Su (no, that’s not the weirdest element of this story)...

In the trial in London, RE/MAX will be using the GoCoin platform to generate invoices, which will be sent to tenants via text or email, for them in turn to pay their rent using one of three options (Bitcoin, Litecoin or Dogecoin).

So, the weird part of the story? It’s this.

20150227bitcoin

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Thu
26
Feb

Eighty per cent capital gains in Prime Central London over the last five years combined with a battered rouble have meant Russian investors who bought at the tail end of the last decade have don’t spectacularly well for themselves. But - warns Hometrack - with sterling up, a possible property bubble, the window of opportunity has since slammed shut. More here.

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Wed
25
Feb

HMRC figures show market slowing in January [Property Industry Eye]
It takes 30 years for a ftb to save for a London property purchase [Evening Standard]
Celebrity lawyer and botox specialist get go-ahead for Hampstead granny flats [Evening Standard] 
How London property inequality is informing the stage [Evening Standard]
33,000 council properties sold to tenants since 2012 [Zoopla]
One Hyde Park residents… allowed 40kg of pet [Letting Agent Today] 

The Rat and Mouse - it’s about your house 

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Tue
24
Feb

They’re said to include two properties (plus land) in Margate, a three bedroom flat in St Johns Wood, plus proceeds from the sales of another St Johns Wood property and two in Kensington. Alexander Surin (currently holed up in Dubai) also hands over the keys to three Ferraris, a Rolls Royce, a Range Rover and a Bugatti. And as if that wasn’t enough to make your day, the Rolls Royce was said to have had almost a million pounds in cash in the boot. More here.

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A very creative infographic comes via Nationwide… with Premier League football positions (13/14 season) compared to house prices. Chelsea, of course, remains in the top three via either criteria. Spurs and QPR would join with automatic qualification to a very London-centric property Champions League. There’s a lot of potential relegation going on in the north east. Football fan? Property fan? Go here for a fun way to waste a good half hour!

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Mon
23
Feb

20150223ab

27% of lettings agents report rising rents since start of year [Letting Agent Today]
Click through to five for two-bed Westbourne Terrace flat owned by interior designer to the stars [Homes & Property]
In America… fascinating pics of “time capsule kitchen” [Curbed]
The joys of Ruislip [GetWestLondon]
British Agents watch out… the Americans are coming and they mean business [Daily Telegraph] 

The Rat and Mouse - it’s about your house

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Fri
20
Feb

Within the space of three months, Tim and Donna Hillyer’s Walthamstow semi was destroyed by a runaway Mercedes, and their temporary rental property burned down after a cooker exploded. Presumably they’re looking for new accommodation. Landlords? Interview here. If you want to help them get back on their feet, go here.

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Thu
19
Feb

20150219monopoly

Mayfair agent fails to impress TV critics [Estate Agent Today]
The campaign to keep Soho dirty [Homes & Property]
Building too many of the wrong kinds of London property [Money Week]
Burglary advice targets London agents [Property Industry Eye]
Monopoly… invented as a critique of capitalism [Open Culture]

The Rat and Mouse - it’s about your house 

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