Rat and Mouse
Mon
15
Jun

TV presenters join Foxtons feeding frenzy [Property Industry Eye]
Asking prices surge in London [Bloomberg]
Invasion from the north… Hunters' aggressive expansion plans [Daily Telegraph]
Elton John childhood home for sale [Evening Standard]
Meanwhile, David Furnish buys flat for personal trainer [Mail on Sunday]

The Rat and Mouse - it’s about your house 

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Fri
12
Jun

Neither London market jitters nor digital disruption appear to be stopping the inevitable spread of the high street agent, however. News here that Hamptons is to open a new south-west London branch, and KFH plans an aggressive expansion with a new branch in south Kensington and further bases planned for Fulham, Parsons Green, Earls Court and Clerkenwell.

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Property services group LSL report dramatic falls of up to 22% in some of the capital’s smartest postcodes. K&C are down 16% since last autumn, Westminster down 22%. The report pins the blame on stamp duty reforms, and says the changes have fed through to volume, too… with the number of properties changing hands in London down 16% on the year. The survey would seem to confirm this.

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Thu
11
Jun

Buy-to-let surge [Property Industry Eye]
Secret hotel not so secret [Evening Standard]
Super-landlords The Wilsons offloading again [Money Week]

The Rat and Mouse - it’s about your house 

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Wed
10
Jun

it’s Ed Mead, of Douglas & Gordon, talking to London Property Eye, commenting after news that Domus Nova, despite triumphing over a tricky fourth declension noun gender, have had to call in the administrators. According to Mead, a combination of low volume and high overheads is outweighing rising prices in the London residential market and putting strain on agents. He describes two high-end firms as “tottering” and claims nobody made money on prime Central London property last year. More here.

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Tue
09
Jun

The Guardian have got their hands on a private memo, thought to be from an accountant, warning the brothers against releasing a promotional film for 1 Hyde Park without some drastic cuts. A list of statements from the film are described as “bad” or “very bad” or even “BAD”, as they apparently risk raising questions about aspects of the project’s tax status. Helpfully, whoever leaked the memo also leaked an uncut version of the film. It’s all here, but - before we all get too excited - let’s remember the complexities of the tax system on a giant project like this don’t mix well with the kind of casual or simplified statements that make up a good promotional video. What’s more surprising is that the film didn’t work from a pre-vetted script. 

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Mon
08
Jun

For sale: flat with grisly history [Property Industry Eye]
Weathered steel and concrete chic in Shepherds Bush [dezeen]
How much does it cost Foxtons to change a lightbulb? [Sunday Telegraph]
On spotting the next London crash [Sunday Telegraph]

The Rat and Mouse - it’s about your house 

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Fri
05
Jun

Down 0.1% on the month, after a 1.6% rise in April really just illustrates why monthly changes shouldn’t be taken too seriously. The annal rate of growth (three month average to three month average a year ago) reached 8.6%, its highest this year. If that doesn’t confuse you, the data contrasts with Nationwide’s just a few days ago, which pegged annual house price inflation at 4.6%, its lowest in almost two years. Both indices use borrowing data. Hm. 

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Thu
04
Jun

Four in ten house deals are cash purchases [Property Industry Eye]
HSBC’s list of top rental hotspots [Property Hawk]
London… most popular city in the world [Independent]
Market report… growth slowing [Reuters]

The Rat and Mouse - it’s about your house 

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Wed
03
Jun

Talking of Foxtons… an application on the Southwark Council website shows the agency’s plans to move into a 250-year-old pub called The Elephant & Castle. Pub-to-estate agency conversions have something of a history of controversy. In this instance, the place had been closed since a stabbing incident earlier in the year, and - before you form too clear an image of exposed beams and fireplaces - it looks like this. More here.

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An interesting development in Gloucester… a housing association has set up a commercial estate agency with a view to ploughing all profits back into the association to relieve pressure after government cuts. It’s being run by three experienced agents, and it’s launching Foxtons-style… no fees on the first 20 homes. London associations, where pressures are great and the agency market is hotter, will no doubt be watching closely. More here.

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Tue
02
Jun

The Standard mourns the end of the Primrose Hill party. Now - apparently - it’s all avocado on toast and yoga mats now. David Walliams owns Supernova Heights, Kate Moss has gone and the old revellers’ teenage children hang out together. Jeez, though, imagine the ugly alternative. Anyway, it’s an entertaining little look at a postcode, so here you go.

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One tweet was apparently all it took for prominent online estate agents to be contacted by Trading Standards for advertising their fees pre-VAT, illustrating the power of disruptive new media to disrupt, er, disruptive new media. More here.

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Mon
01
Jun

Uk market sees unexpected dip in confidence [This Is Money]
The competition for Hyde Park Barracks [Sunday Telegraph]
Former top civil servant bashes right-to-buy [Observer]
The pensioners stuck in oversized properties [Sunday Telegraph]
It’s all happening on London City Island [Homes & Property]

The Rat and Mouse - it’s about your house 

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Fri
29
May

20150529tomford

Two bedrooms, two bathrooms, a roof terrace, skylight and solid oak flooring in SW10 mark out this extremely pleasant top floor flat. Immaculate? It would be. Former owners include the immaculate Tom Ford. Guide price: £1.15m. Particulars, here.

20150529tomford2

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Thu
28
May

Mayfair squatters granted extension by courts [Guardian]
Record complaints against estate agents [Property Industry Eye]
Sharp fall in lending for London property [This Is Money]
London’s pools and ponds [Homes & Property]

The Rat and Mouse - it’s about your house 

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