Rat and Mouse
Fri
27
Feb

Why? Because - for RE/MAX - the associated bank charges are almost eliminated and - for foreign tenants - it’s a global currency, and so their own banking-related charges are also lower. According to RE/MAX London spokesperson Peggy Su (no, that’s not the weirdest element of this story)...

In the trial in London, RE/MAX will be using the GoCoin platform to generate invoices, which will be sent to tenants via text or email, for them in turn to pay their rent using one of three options (Bitcoin, Litecoin or Dogecoin).

So, the weird part of the story? It’s this.

20150227bitcoin

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Thu
26
Feb

Eighty per cent capital gains in Prime Central London over the last five years combined with a battered rouble have meant Russian investors who bought at the tail end of the last decade have don’t spectacularly well for themselves. But - warns Hometrack - with sterling up, a possible property bubble, the window of opportunity has since slammed shut. More here.

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Wed
25
Feb

HMRC figures show market slowing in January [Property Industry Eye]
It takes 30 years for a ftb to save for a London property purchase [Evening Standard]
Celebrity lawyer and botox specialist get go-ahead for Hampstead granny flats [Evening Standard] 
How London property inequality is informing the stage [Evening Standard]
33,000 council properties sold to tenants since 2012 [Zoopla]
One Hyde Park residents… allowed 40kg of pet [Letting Agent Today] 

The Rat and Mouse - it’s about your house 

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Tue
24
Feb

They’re said to include two properties (plus land) in Margate, a three bedroom flat in St Johns Wood, plus proceeds from the sales of another St Johns Wood property and two in Kensington. Alexander Surin (currently holed up in Dubai) also hands over the keys to three Ferraris, a Rolls Royce, a Range Rover and a Bugatti. And as if that wasn’t enough to make your day, the Rolls Royce was said to have had almost a million pounds in cash in the boot. More here.

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A very creative infographic comes via Nationwide… with Premier League football positions (13/14 season) compared to house prices. Chelsea, of course, remains in the top three via either criteria. Spurs and QPR would join with automatic qualification to a very London-centric property Champions League. There’s a lot of potential relegation going on in the north east. Football fan? Property fan? Go here for a fun way to waste a good half hour!

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Mon
23
Feb

20150223ab

27% of lettings agents report rising rents since start of year [Letting Agent Today]
Click through to five for two-bed Westbourne Terrace flat owned by interior designer to the stars [Homes & Property]
In America… fascinating pics of “time capsule kitchen” [Curbed]
The joys of Ruislip [GetWestLondon]
British Agents watch out… the Americans are coming and they mean business [Daily Telegraph] 

The Rat and Mouse - it’s about your house

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Fri
20
Feb

Within the space of three months, Tim and Donna Hillyer’s Walthamstow semi was destroyed by a runaway Mercedes, and their temporary rental property burned down after a cooker exploded. Presumably they’re looking for new accommodation. Landlords? Interview here. If you want to help them get back on their feet, go here.

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Thu
19
Feb

20150219monopoly

Mayfair agent fails to impress TV critics [Estate Agent Today]
The campaign to keep Soho dirty [Homes & Property]
Building too many of the wrong kinds of London property [Money Week]
Burglary advice targets London agents [Property Industry Eye]
Monopoly… invented as a critique of capitalism [Open Culture]

The Rat and Mouse - it’s about your house 

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Wed
18
Feb

A year and a bit ago, this is what they were saying...

20150218predictions

Now, with the publication of ONS data, it’s finally time for 2014’s fat lady to sing. And you have to look right to the top of that list to find the winner. The UK annual inflation figure is 9.8%, a whisker off the Assetz prediction, and 10.2% when focussing on England. FYI, it was 13.3% in London. So who gets the booby prize? Who managed to make Capital Economics look bullish and come in with a low-ball prediction that undercut the actual result by 60%? Doh!

Congratulations to Assetz. Again. Yup, they were last year’s winners, too, which is pretty impressive. Follow them on Twitter, drop by and say congrats, here.

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Onthemarket announces millionth visitor [Property Industry Eye]
The Russian billionaires bidding for London’s top student letting stock [Global Property Guide]
Avoiding bad tenants [Property Hawk]
Mansion tax and the politics of envy [Daily Telegraph]

The Rat and Mouse - London’s property blog 

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Tue
17
Feb

An American agent (remember, the system’s different there), “fires” a demanding client after six months of searching for a property. But (remember, they also love a happy ending… no sniggering, please) the buyer returns, months later, chastened, after the agent enhances their rep via social media. More here.

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Mon
16
Feb

Asking prices are 2.1% on the month, according to Rightmove, and 8.2% on the year… with every region joining in the fun. The main driver appears to be low stock, with record lows recorded by some agents and sellers - on average - 4% down on last year. 

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Fri
13
Feb

Research by home furnishings specialist Terry’s Fabrics suggests British homeowners are still influenced by next-door when it comes to interior furnishing decisions. Almost 3,000 were surveyed, asked for their primary source of inspiration when decorating their home. Number one answer? The neighbours. They were then asked why. Number one answer? “Wanted their home to be as good as their neighbours’.” 

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Thu
12
Feb

It’s the best time ever to be in massive debt, according to the Daily Mail. Fixed rate mortgages are at a record low, with 1.19% over two years currently available. 

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Profits of up to £150,000 have been reported in the Telegraph, by investors selling flats in the upmarket and very long awaited development before they’ve been built. Properties appearing on the Chestertons website are priced at £865k after being reserved for £711k. There’s no suggestions of illegality - off-plan flipping has been an investment tactic for a very long time - but given pressures on London buyers and how long people have waited for this particular development to happen, any significant profiteering and price inflation at this stage will certainly be seen as unfortunate. More here.

20150212battersea

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Wed
11
Feb

… on one handy matrix, courtesy of Knight Frank. It’s pre-manifesto, of course, but it’s interesting. Go here.

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