Rat and Mouse
Fri
09
Sep

Let’s be clear, the top end of the London residential market wasn’t in great shape before the vote, but new data from UBS shows £1.5m+ properties for sale outnumbering properties sold subject to contract by 7.5, up from 4.5x a year ago. At the other end of the market, the ratio has hardly changed, and remains below 1x. More detail here.

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Thu
08
Sep

New property search engine to launch with print, TV and radio campaign [Property Industry Eye]
inside an interior designer’s Chelsea home [Yorkshire Post]
Brits hiring help like it’s the old days [Spectator]|
Market report - Halifax records weakest growth in three years [Reuters]

The Rat and Mouse - it’s about your house 

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Wed
07
Sep

Eighty-year-old prospective borrowers will now be considered for a Leeds Building Society mortgage. The lender has shifted the maximum application age in response to rising life expectancy and a trend seeing workers continuing past conventional retirement age. More here.

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Tue
06
Sep

The Greenland Group will build a 67-storey tower in West India Quay at a cost of £800m. The tallest residential development in Europe, it will feature gym, cocktail bar and an infinity pool. Construction is to be completed in 2020, but the first of the 861 apartments will go on sale next month. More here.

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Mon
05
Sep

Government still focussed on helping to buy, rather than helping to build [Property Industry Eye]
Seven feet wide, but £1.25m [Sunday Express]
Not elite enough [Spectator]
Happy 40th to Ikea’s most iconic chair [Curbed]
Tory MP calls for new tax breaks for landlords [Letting Agent Today]

The Rat and Mouse - London’s property blog 

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Fri
02
Sep

Possibly, according to a report by the Residential Landlords Association, which sites figures showing 27% increase in London listings in the last four months, coinciding with a 6% rise in long-term rents in the capital as supply falls. The theory is that landlords are attempting to mitigate negative effects of recent tax law changes by taking advantage of the £1000 tax relief offered Airbnb users and the higher income achieved by short-term lets. If true, it won’t be just landlords suffering under the new tougher tax regime, but tenants, too. More here.

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Thu
01
Sep

The odds being… post-Brexit vote uncertainty and punitive tax measures designed to hit landlords and second homes owners. The index rose 0.6% in August and annual growth increased from 5.2% to 5.6%. However this isn’t the first time Nationwide has been something of an outlier, and few commentators believe prices will continue to climb. Accompanying comment from the lender accepts a decline in demand, but one which has been outmatched by a decline in supply. More here.

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Wed
31
Aug

Faron Sutarian and six other agents all to become John D Wood offices [Property Industry Eye]
House purchases hit by Brexit [Independent]
London’s winners and losers [Mortgage Introducer]
Bank of England economist still prefers property over pensions [Observer]
An architect’s rules for making a modern house [Curbed]

The Rat and Mouse - it’s about your house 

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Fri
26
Aug

House price momentum shifts to the north [Daily Telegraph]
How likely a Brexit-induced house price crash? [Guardian]
The mystery of One Hyde Park [IBTimes]
Being an estate agent… no degree necessary, but could be replaced by robot [Property Industry Eye]

The Rat and Mouse - London’s property blog

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Thu
25
Aug

Rents increased in all English regions, up 2.6% on the year in England, 2.4% in the UK, led by 3.5% in the south east. Get the full release here

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Wed
24
Aug

The Mirror looks at Land Registry data to illustrate just how rich you can get by… being rich. There’s the Hillgate Place property worth £790k in 2001 which sold for £2.85m in 2014. And the Ansdell Terrace property bought for £900k in 2002 and sold for £4.1m in 2014. (Both properties had changed hands numerous times in between but you get the idea.) However, all the latest news suggests the piece might be an exercise in nostalgia, with the post-Brexit outlook for the most expensive London postcodes looking dodgy at best.

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Tue
23
Aug

The data comes from the NAEA, and reveals demand for domestic property at its lowest level since November 2013 and down 35% since July 2015. The number of properties sold at discount increased between June and July, too, by 8%. More here.

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Mon
22
Aug

Are private landlords “lining their pockets” with housing benefit cash, or providing tenants poorly served by affordable housing with homes? [Property Industry Eye]
Countrywide predicts 1% fall in property prices next year [Guardian]
When a room’s real dimensions are smaller than the builder’s plans claim [Sunday Telegraph]
Watch (now ex-) Foxtons agents fight with Class War activists outside Borison Johnson’s home (video) [Evening Standard]
The remarkable house above Highgate Cemetery [Domain]

The Rat and Mouse - London’s property blog 

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Tue
09
Aug

A short breather, back on the 22nd. But message me on Twitter if it matters. x

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The survey, by Bishop’s Move, shows more than half of prospective movers are anxious to be out of or into their new homes before Article 50 is triggered (suggesting a dramatic slowdown in store in the months following the actual formal separation). Thirteen per cent have cancelled a move completely as a direct result of the surprise outcome of the referendum. More here.

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… to Scottish property investment specialists Cairn, for topping their "properly blogs to follow” list with the Rat and Mouse. To see the rest, go here. To read Cairn’s own blog, go here.

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