Rat and Mouse
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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Mon
08
Aug

Fifteen flat owners in block are holding deeds to the wrong apartments [Property Industry Eye]
Market report… prices slip in July [BBC]
Conveyancers call for stamp duty to be scrapped [Property Industry Eye]
In eye of the prime London property storm, Sotheby’s opens new office in Belgravia [Estate Agent Today]
The winners and losers from the new record low base rate [Mail on Sunday]

The Rat and Mouse - it’s about your house 

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Fri
05
Aug

Knightsbridge values down 7.3% on the year, in post-Brexit collapse [The Week]
Blowjob cafe… an unlikely addition to London’s list of attractions [Elite Daily]
New UK copyright rules mean end to popular designer rip-offs [Curbed]
Landlords respond to Corbyn rent control proposals [Property Industry Eye]

The Rat and Mouse - London’s property blog 

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Thu
04
Aug

And there we have it… widely predicted but still an astonishing thing to contemplate. The base rate is now 0.25%, quantitive easing has been boosted by £60bn and the Bank has slashed next year's growth forecast from 2.3% in its May forecast to 0.8%. In the last few minutes, the pound has started falling against the dollar.

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With - for a second time this summer - all eyes on the MPC and the expectation of an interest rate cut announcement today, the Independent asks what are the benefits. Few, appears to be the answer. After a rush to convert from tracker mortgages to fixed rate in recent years (after noises from the Bank of England about a rate rise), few homeowners are set to profit. History also suggests that banks are slow to pass on rate cuts to business borrowers, and applications are way down anyway. They’re quick, however, to kill off the best deals for savers. Pensions could be hit negatively, as could the pound. More here.

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Wed
03
Aug

… up 46% between Q1 and Q2, and the rate of approval to application was 76%, according to data from agents Stirling Ackroyd. Year-on-year, however, the data’s not so thrilling, falling 22%. More detail, here

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