Rat and Mouse
Fri
29
Jul

An average 0.5% rise in the month, compared to 0.2% the month before, leaving the annual pace of house price inflation up 0.1% at 5.2%. Accompanying comment, however, warns that its data comes at an early stage, and is based on mortgage offers, which might not come to fruition if a buyer decides not to move ahead.

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The Brexit vote gets the blame for a dramatic fall in pre-tax profits in the first half of the year, from £18.1m in 2015 to £10.5m. The evidence? At the heart of the problem, sales revenue in the second quarter, down from £18.2m in Q2 2015 to £11.4m. More here.

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Thu
28
Jul

A survey by flatshare marketplace weroom claims to reveal the top lies flatmates tell flatmates. Perhaps surprisingly (and innocently) the very first is the excuse to get out of attending a party, followed by avoiding coming clean to pulling a dubious sickie from work. In third place - perhaps more predictably - hiding a crush on a fellow housemate and - fourth - failing to own up to damaging something. In fifth - that old one - eating a flatmate’s food from the fridge and denying all knowledge. For the rest, go here.

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Wed
27
Jul

New York agents adopt Facebook Live and Snapchat [Curbed]
Major UK agents’ capitalisations halved in a year [Property Industry Eye]
Brexit hits land values [Independent]

The Rat and Mouse - it’s about your house 

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Tue
26
Jul

A Wandsworth woman is taking Viridian Housing to court in an attempt to stop one of their tenants cooking spicy food. She’s complained the “pungent toxic fumes” are so strong in her own flat that she’s “choked in her sleep” and “staggered to her balcony gasping for air”. More here

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Mon
25
Jul

Surge in interest from Chinese buyers attracted by weak pound [Daily Telegraph]
What does a £108k-a-month rental look like on the inside? [Homes & Property]
Living close to a major supermarket boosts house prices [BT News]
TaxPayers’ Alliance calls for scrapping of stamp duty surcharge, in best interests of tenants [Letting Agent Today]

The Rat and Mouse - it’s about your house

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Fri
22
Jul

The return of the slum [Sky News]
But not in Holland Park… Beckhams are finally ready to move in [Woman’s Day]
Have we seen peak property gains? [City AM]
Online service brings interior design to the people [Daily Telegraph]

The Rat and Mouse - London’s property blog 

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Wed
20
Jul

In a little break from post-referendum property crash predictions for the top-end of the London market, a new record appears to have been set. It’s 15,000 sq ft in Admiralty Arch, no less - 12 bedrooms, 12 bathrooms, private off-road valet parking - and there are reports of a £150m guide price… beating previous record holder 1 Hyde Park by £10m. More here and here.

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Tue
19
Jul

It’s a possibility, say Société Générale, in what they’ve described as something of a “back of an envelope” calculation based on 500 high-earners relocating to mainland Europe. More here.

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Not just some coffee pod, or a tired assistant manning kettle-and-freeze-dried, but three baristas and a full-time coffee bar, combined with estate agency. Apparently it was packed on launch, but how much of that was curiosity? See more here.

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Mon
18
Jul

New housing minister… Gavin Barwell [Property Industry Eye]
Market report - Rightmove shows asking prices down 0.9% on the month, referendum effect up for debate [Daily Telegraph]
Who’s at risk from post-Brexit negative equity? [The Week]

The Rat and Mouse - it’s about your house

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Fri
15
Jul

Home Affairs Committee slams current anti-money laundering measures, demands more help from agents [Property Industry Eye]
How to stay irrelevant… newspaper helps Theresa May tackle No 10’s interior design emergency [Daily Telegraph]
Cameron’s newest home [Daily Telegraph]
The coolest-looking TV yet? [Curbed]

The Rat and Mouse - it’s about your house 

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Thu
14
Jul

Despite some expectations to the contrary. base rates remain at 0.5% for another month, after an 8-1 vote. But the expectation remains for a rate cut next month. More here.

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Barrett built 5% more homes in the year-to-end June, but CE David Thomas, quoted here, announced a reassessment of building activity and land purchases following a vote that has proved disastrous for building sector shares. 

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It’s the RICS index and it’s down to -46 in June (46% more surveyors reported a fall than a rise), where it hasn’t been since the beginning of 2009. The outlook for London was already shaky, and a minus number was likely, but the level of pessimism is undoubtedly a result of the Brexit vote and reflects economic uncertainty looking forward.

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Wed
13
Jul

Brexit and property prices [Daily Express]
Property refurbishment wars: Jimmy Page versus Robbie Williams [Daily Mail]
How Brexit could favour foreign property buyers in London [Bloomberg]
Camerons re-mortgaged tenanted Notting Hill home days before referendum [iNews]
Craigslist Tooting rental: “room” or “dorm”? [Metro]

The Rat and Mouse - London’s property blog 

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