Rat and Mouse
Thu
09
Oct

It’s a 2,4000 square foot detached house, and the owner’s dropped his price from $3,000 to - according to his agent - an iPhone 6 (he’s also entertain a 32GB iPad. A very sad story of a city struggling. 

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Halifax report the second consecutive decline in the (more accurate) quarterly rate of house price inflation, down to 2.7%, although prices rose by 0.6% on the month and are up 9.6% annually. Get your copy of the report here. According to agents reporting back for the latex RICS report, prices in London were down for the first time since January 2011. Nationally, the proportion of agents reporting house price gain dropped more dramatically than was expected. More here.

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Wed
08
Oct

They’re looking for a house-share with professionals, if you think you can help. If you can’t, it’s an interesting read nevertheless… a tale of frustration, lowered expectations and disappointment. Six weeks on spareroom.com.

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CityAM identifies risks to London property prices in the short-term - likely interest rate rises, the strong pound, political uncertainty in the run-up to a general election - but concludes domestic demand from an improving economy, plus population increase still make it a safe bet in the  mid to longer term. More here.

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Only a quarter of UK landlords find renting out a property to be more stressful than they expected. Given the number of so-called “accidental landlords” with no ambition for property investment, and given almost any manner of making a profit turns out to be more stressful than expected, isn’t that a surprisingly low number?

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Tue
07
Oct

New Malden’s home to 600 defectors, apparently the largest group of North Koreans living in Europe. There’s even a newspaper… the Free NK. The Telegraph traces the area’s popularity to the location of a former ambassador’s residence, plus the previous Samsung HQ (before it moved to Surrey). It’s now a model of north and south Korean integration. More here

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Mon
06
Oct

Priced out of London, but failing to get much sympathy in the comments section [The Guardian]
Why everybody wants to be here [The Guardian]
Profitting from the boom [The Motley Fool]
Clooney buys in Oxfordshire [Daily Mail] 

The Rat and Mouse - it’s about your house

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Fri
03
Oct

20141003croak

[via a Facebook friend]

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20141003branchhill

The Chestnuts, Branch Hill… an imposing six-bedroom property and the home of Paul Robeson during his original 1929/1930 Show Boat London run. There’s a blue plaque commemorating the former singer/actor/civil rights activist’s time there. The property has views of Hampstead Heath. Guide price: £6.25m. Particulars here.

If these walls could talk… Iron Lady edition [June 17, 2014]

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Thu
02
Oct

It’s ugly in the Daily Express comments section, that’s for sure, following a story about a group of Romanian immigrants who’ve resorted to building their own temporary accommodation within a TFL-owned woodland in Edmonton. Certainly, it doesn’t sound as if the incoming community is doing much for the local environment, but the tone of the comments is shameful. 

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Wed
01
Oct

The figures - revealed here - come from the The Property Ombudsman on the day that membership of a redress scheme becomes compulsory, and represent complaints made by both landlords and tenants. 

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Tue
30
Sep

20140930nationwide

It’s a dip of 0.2% in September, according to Nationwide, bringing annual house price growth down to 9.4% (from 11%). The three month on three month average drops to +1.5%, the lowest it’s been in 12 months. Drilling down on London, Q2 to Q3 annual growth has seen a slight slowdown from 25.8% to 21%. Get your copy here.

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11.06% And it’s in the S1 postcode, which is in Sheffield. 

20140930s1

There’s an interesting interactive hotspot map, courtesy of Home.co.uk data, here. Bit fiddly to use, and suffering from the vagaries of micro-data (some of the postcodes have as few as three rental properties) but fun nonetheless. 

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Mon
29
Sep

Senior Labourites unimpressed [Here is the City]
Can the rich wriggle out of it? [Guardian]
Why it’s a stupid idea [MoneyWeek]

And elsewhere...

Du Maurier home for sale [ITV]

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

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Fri
26
Sep

Drop off in rental supply [Property Hawk]
Ed Miliband and Harriet Harman would have to pay mansion tax [Daily Telegraph]
BBC’s new Changing Rooms manages to combine sadistic with dull [Daily Telegraph]
The world’s greatest feats of architecture… cool graphics [Curbed]

The Rat and Mouse - it’s about your house 

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Hometrack report a 0.1% fall in property prices in the capital, the first monthly fall since November 2012. Across England and Wales, there’s no movement at all. 

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