Rat and Mouse
Tue
17
May

According to data from agents Stirling Ackroyd, London’s property price wobbles are almost entirely contained within the postcodes that were previously soaring and seemed unstoppable. Price falls have been the most dramatic in the Kensington High Street area, falling by more than 10% in a year. Notting Hill, Hampstead and South Kensington were also big losers. Stripping out prime postcodes, London prices were up 8.2% on the year. More here.

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Mon
16
May

The woman who invented interior design [Daily Beast]
The Muswell Hill chewing gum artist [Ham & High]
Hackney… is it worth it? [Sunday Telegraph]
The market’s approaching a crisis, and it's not all about Brexit [Newsweek] 

The Rat and Mouse - it’s about your house

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Fri
13
May

Buy-to-let valuations “drop like a stone” [Property Industry Eye]
Brexit won’t effect prime central London [City AM]
Camden leads house price gains [Ham & High]
Sexy mod-pods [Daily Telegraph]
If Trump becomes president, Will.i.am moves to London [CNBC]

The Rat and Mouse - London’s property blog 

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Thu
12
May

The data comes courtesy of RICS, and is based on the experience of its members, with more than 25% more agents reporting a decline in buyer registrations than a rise in April. Accompanying comment singles out uncertainty over the EU referendum as a major cause. But surely more likely is an inevitable lull following a rush to complete in the lead up to the introduction of the stamp duty surcharge on second homes. House prices have, however, stayed firm, largely due to a lack of supply. 

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Wed
11
May

According to Property Industry Eye, the Government is looking at possibly making property purchases legally binding at an earlier stage of the process, thus removing the temptation for vendors to accept higher offers late in the game in a hot market, or for buyers to drop their offer equally late in a cool one. Possible solutions might be forcing the party who breaks the contract to pay costs, or making buyers pay early deposits. That the system needs overhauling is obvious. However, go here for a counter-intuitive (and, in my opinion, flawed) defence of the gazunder.

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Tue
10
May

Two City advisers are recommending clients vote against a pay rise and rise in the bonus cap for Foxtons CE Nic Budden, with a third firm recommending investors abstain. More here.

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20160510graffiti

A University of Warwick study has revealed a correlation between graffiti and house prices that might be counter-intuitive. By looking at photographs uploaded to Flickr, tagged with both a location and the word “art”, they have identified a relationship between the number of photographs and property price gains. The higher the number, the higher the gains over the last ten years. Interesting. But Flickr is something of an old social media platform representing a self-selecting sample of people who joined in the early days of Web2.0 (as it was once called) and have possibly since risen up the career ladder. Could the correlation actually be between Flickr users and house price gains? More here.

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Mon
09
May

Can three hours of cleaning really add £280,000 to the value of a property? [Property Industry Eye]
Brexit and property prices [Sunday Telegraph]
New London mayor and old London landlords [Property Hawk]
Foxtons apologise to wheelchair user who couldn’t access Streatham branch [Evening Standard]
Could the Bank of England be about to discuss an interest rate cut? [Observer]

The Rat and Mouse - it’s about your house 

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Fri
06
May

Agent apologises after flyer showing Cenotaph as “SOLD” [Property Industry Eye]
Damian Lewis slams Boris Johnson for London homes legacy [Irish Independent]
London rents up 7.7% on the year [Independent]
Converted garage in Abbey Wood… £700 a month [Daily Mirror]

The Rat and Mouse - it’s about your house 

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Thu
05
May

"My personal view is that property prices would be likely to come down, as inward investment, particularly in London, is less available," she said. "The risk on a Brexit is I think that property prices come down and interest rates go up."

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Wed
04
May

Russian banker Elena Kotova agreed to the civil recovery claim after being accused of taking bribes from clients in return for securing funding for them, and laundering the money in part through a £1.5m Mayfair apartment. According to the NCA, expect further “busts" as they turn the spotlight onto the London property market. More here.

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Tue
03
May

London rents up 3.7% on the year [Property Industry Eye]
But price growth dwindling in prime London [City AM]
On fears of a buy-to-let lending bubble [Sunday Telegraph]
And yet stock appears to be falling [Property Wire]
Survey trounces online agents [Estate Agent Today] 

The Rat and Mouse - London’s property blog

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Fri
29
Apr

Older first-time buyers mean growing numbers of borrowers will still have mortgage debt after retirement [Property Industry Eye]
Cheaper to live in four star European hotel than rent in London [Daily Telegraph]
Marsh & Parsons has started “outgrowing” Foxtons in London [Estate Agent Today]
Latest (and last) Land Registry hpi… prices falling everywhere except London and East [Daily Telegraph]

The Rat and Mouse - it’s about your house 

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Thu
28
Apr

20160428ventyourrent1

Organised by the Generation Rent campaign group, London tenants are being encouraged to share horror stories on Twitter with a ventyourrent hashtag. They’re also appearing on a specially published blog. The idea is to highlight the problem in the lead up to the mayoral elections. It’s sobering reading. But equally interesting is the little battle in the comments section below this, in which tenants and landlords debate who might be to blame for dirty rooms, mouldy windows and bugs.

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Wed
27
Apr

It was the much-publicised rush to beat the 3% surcharge on stamp duty for second or investment home buyers that did it… with fewer than 50% of sales in the capital going to actual full-time owner-occupiers. Thirty-six per cent of sales were to landlords, 23% to buyers of second homes. More here.

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It happened in Malmesbury in Wiltshire, and involved a 30 foot fall, after the potential buyer discovered a feature not even the agent was aware of hidden in shrubbery. She was apparently stuck in the disused well from around noon until mid-afternoon. More here.

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