Rat and Mouse
Fri
21
Nov

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According to data gathered by Chestertons estate agents, it’s St John’s Wood, where weekly rentals averaged £1,889 in Q3 and gross yields of 4.2% also topped all other Prime London locations. (Averages in Prime London are £915pw and 3.1%.) Accompanying comment points to large company relocations packages as sources for the revenue, and a 20 minute journey to Canary Wharf as convenient. 

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Thu
20
Nov

It’s in Bournemouth, but it’s worth a peek (video courtesy of the Daily Mail). A disgruntled tenant shouts into the face of a surprised agent and sweeps the contents of her desk to the floor. No wonder she’s surprised. Turns out the man has no connection to Lovett International letting agents, and appears to have confused the agency with another one. 

But remember agents, while a video camera can be your friend, it can also be your foe.

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Wed
19
Nov

Those ONS figures…  [BBC]
African buyers lead foreign sales in London [Opp Connect]
Myleene Klass… the rich have rights, too [Guardian]
Leyton… it’s gonna be good for cyclists [Londonist]

The Rat and Mouse - London’s property blog 

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Tue
18
Nov

Not until the first quarter of 2016, according to a new statement by the bank, which singles out slowing economic growth as the main reason for putting back its forecast by 12 months. 

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Mon
17
Nov

They’re down (according to Rightmove) 1.7% October-to-November, but before we read too much into this it comes after a 2.6% rise last month and is lower than the forecast dip. There are seasonal expectations, too, as vendors try to move before the new year. On an annual basis asking prices are up 8.5%, higher than last month's 7.6% gain and above expectations. Focusing on London, asking prices are up 16.2% on the year, and 0.8% on the month. 

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Fri
14
Nov

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This south Kensington penthouse has three bedrooms, panoramic views from the roof terrace, hot tub, gym and a history of ownership that includes actor Hugh Grant (2002/3… or the Love, Actually period, if you like that kind of thing). Price on application. Particulars here.

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Thu
13
Nov

They’ve pegged the London house price index at a four-year low of -35, from -9 a month ago. London’s the only the region to get a negative rating from RICS, with changes to the supply-demand balance and nerves over a potential mansion tax identified as drivers. 

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Wed
12
Nov

According to Rentindex, average rents are up 2.7% on the year, leaving the figure at a new record high of over £650. Get the graph here. And that’s not all. Arrears, says LSL, are down, falling by 9% on the year, with evictions down 16% in the last quarter. More here.

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Tue
11
Nov

Kudos to Homes & Property for this guide to the London homes that (apparently) have to go before the end of the year. How about £200,000 off this small but well-located Bayswater apartment?

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Mon
10
Nov

Big plans for imposing Preston Hall [Daily Telegraph]
Buyers’ market? [Sunday Telegraph]
Canary Wharf’s residential push [Reuters]
easyProperty’s plans for flotation [Sunday Express]

The Rat and Mouse - it’s about your house 

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Fri
07
Nov

Halifax data reveals surprise house price fall [press release]
Letting and the Brown era [Property Hawk]
Second homes ban proposed in St Ives [Daily Telegraph]
Scherzinger on her move to London [Daily Mirror]

The Rat and Mouse - London’s property blog 

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Thu
06
Nov

Four of the top ten - including the most expensive - are in London, and Buckingham Palace only manages second place. More here.

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Wed
05
Nov

According to a survey by Ocean Finance 40% of tenants aged 25 to 34 would prefer to buy but don't believe they’ll ever be able to afford a home, and a further 32% would prefer to rent anyway. Only 28% foresaw a future purchase. More here.

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It’s agent-versus-agent in Germany as rival trade organisations argue over the prospect of industrial action, triggered by new rules about rental caps and agent commissions. What they didn’t see coming was overwhelming public support… for them to go on strike permanently. Check out the twitter hashtag #maklerstreik.

[via Estate Agent Today]

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Tue
04
Nov

He’s Michael Ross - head of property developers CNM Estates - and he’s angered global T’n’A developers Playboy by buying a web address… www.playboy.london. Apparently, the lawyers have been in touch, but Ross plans to ignore them, handing the address down to his unborn child when s/he turns 18. Who said there’s no space for sentimentality in the property business?

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Go here for an interesting graphic (by London Central Portfolio) showing exactly where national house prices (with London prices stripped out) have headed in the last ten years when taking into account inflation. The answer? Nowhere. Prices continue hover around the July 2004 level, casting profound doubt on residential property’s capacity to provide pensions. Everybody knows that London data skews national stats, but there’s nothing like a graph. 

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