Rat and Mouse
Tue
07
Apr

More protests outside Foxtons Brixton [Property Industry Eye]
Families are giving up on home ownership [Daily Telegraph]
Kentish Town Foxtons in doubt [Estate Agent Today]
Do decorators at Cameron’s North Kensington home mean there are plans to sell? [Daily Mirror]

The Rat and Mouse - London’s property blog 

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Fri
03
Apr

Happy Easter, by the way. Here’s a good story. Maksim Bakiyev, the son of an ousted president of Kyrgyzstan (don’t worry, I had to look it up too), has been found guilty (in his homeland) of the attempted murder of one British citizen Sean Daley, following a business rivalry. Daley was shot and badly wounded. Bakiyev, however, claims the charges were politically motivated and is currently living in a £3.5m house in the suburbs. Daley’s not too far away, in Oxfordshire. Awkward.

While Daley and Kyrgyzstan prepare to battle it out in a civil action in the British courts, attention is turning to the London property, which is said to be owned by a Belize-base company registered shortly after Kyrgyzstan arrived in the UK. Global Witness - an organisation highlighting links better global organised crime, human rights abuses and the world’s natural resources - is taking the opportunity to accuse London estate agents of turning a blind eye to evidence of large-scale money-laundering in the residential property market. Full story here.

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Thu
02
Apr

Since June last year, house sellers and estate agents have been legally required to tell buyers about structural defects and any other information that could affect their decision to make an offer. This includes if a previous sale has fallen through because of a bad survey. Sellers must detail the problems identified, as well as disclose any known defects within the property.

The requirement also extends to anything that could inhibit the buyer’s enjoyment of the property, including noisy or problem neighbours.

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Wed
01
Apr

The Telegraph has the best coverage, including plans, of an upmarket neighbourly dispute over the Beckham’s modernisation proposals for their large Holland Park home. Surprisingly, it appears to be their plans for air-conditioning that’s proved the final straw, prompting a local resident to demand the council consider "all adverse impacts on living conditions from noise, vibration, dirt, pollution and dust from construction and from associated traffic, in addition to concerns about impacts on drainage, on appearance and landscape, on structural stability, and on historic buildings”. So, pretty much everything. More here.

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Tue
31
Mar

OnTheMarket agents sell quicker… but why? [Property Industry Eye]
ARLA fears tenants could damage property to avoid eviction [Property Industry Eye]
London rents double UK average [City AM]
How architects keep build costs down when they’re the ones paying [Curbed]
St John’s Wood pub saved from residential conversion… only to turn into an estate agents [Estate Agent Today]
Fulham’s Sands End… glittering [Homes & Property]

The Rat and Mouse - it’s about your house 

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Mon
30
Mar

It’s all getting a bit post-modern at SellyMyHome and RentMyHome. You’ll need to turn your speakers up. Just kidding.

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Fri
27
Mar

That’s according to Labour’s own mansion tax definition (has Labour actually referred to it as a “mansion tax”?) of a property worth £2m or more, and Zoopla’s valuations of the three main party leaders’ homes. Miliband’s north London home is valued at £2.73m, increasing in value by £1m since the last election. Cameron and Clegg’s homes are valued at £1.97m and £1.89m respectively. More here.

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Thu
26
Mar

Landlords… how would you feel about your tenants running a B&B on your property? [Property Industry Eye]
Who’s the agent dining with Cheryl? [Property Industry Eye]
Duncan Bannatyne slams mansion tax proposals [Daily Mirror]
Former Man U footballer to join Homes Under The Hammer team [Estate Agent Today]
Commuter towns an hour from Liverpool Street [Homes & Property]

The Rat and Mouse - it’s about your house 

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Wed
25
Mar

According to data from Paragon Mortgages rental voids are at their lowest level since they began surveying landlords 13 years ago. In the first quarter of the year, the average time a landlord could expect a property to remain between tenants was less than two and a half weeks. And remember, these are national figures. More here.

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Tue
24
Mar

It’s a question of priorities, and it was answered in last week’s budget, according to a very readable and intelligent piece in the Red Brick blog. Total cost of all the Governments potential market-boosting giveaways (factoring in the Help To Buy ISA): £33bn by 2020. Grants, loans and guarantees to build affordable housing: £16.5bn. 

This not only makes nonsense of government arguments about austerity, it also shows yet again that the government favours the better-off, as of course the scheme will dispense money in inverse proportion to need.

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Mon
23
Mar

Concerns about plans to outlaw subletting bans [Property Industry Eye]
Estate agent/cravat scandal [Property Industry Eye]
Secret sale in the heart of Mayfair [Daily Telegraph]
Changing rooms… Laurence Llewelyn-Bowen de-Bowen’s to make it sell [Daily Mail]
Labour MPs angry at Knight Frank letter to Wandsworth residents [Estate Agent Today]

The Rat and Mouse - it’s about your house 

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Fri
20
Mar

Not sure the Telegraph’s got this headline right.

20150320ruburb

I think the point of the Experian report - apart from the rise of the rental sector - is the creeping urbanisation of our countryside, as town and city workers are forced further afield by house prices. So the real question is “are you a ruburbanite?” And who’s surprised by the news that the suburbs are spreading?

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Thu
19
Mar

A little boost for the London Land Commission and the relaxation of planning laws in less than two dozen “housing zones” were the only nod to increasing the provision of homes in yesterday’s budget.The (property) headlines were reserved for the new “help to buy ISA”, an extraordinary announcement that a Tory Government would donate 25% to savings/accumulated interest in special tax-free accounts, to be used for deposits on the purchase (by a first-time buyer) of a home. The small print… a maximum of £3000 from the Government, a maximum opening deposit of £1000 and £200 monthly savings from the saver, and maximum property values of £250,000 outside London and £450,000 in the capital. The total projected spend by the state? £2.1bn over five years. Which could have built a lot of homes for housing associations, instead of offering a helping hand to middle-class ftbs, and helping to support an dysfunctional system. How much of that 25% will vanish - over five years - into increased property price values as a result of greater demand?

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Wed
18
Mar

Estate agent’s half-marathon, one year after open heart surgery [Property Industry Eye]
Yesterday’s Homes for Britain march brought together Ken Loach and Nigel Farage [Guardian]
A map… does your home earn more than you? [This Is Money]
Homebuyers are liars… but estate agents aren’t poets [Future of Real Estate Marketing]

The Rat and Mouse - it’s about your house 

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Tue
17
Mar

20150317gazumping

Showing a cooling market in 2014, and courtesy of the Bank of England quarterly report, available here.

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He’s Mark Young, of Connells in Christchurch, and you can see what he looks like minus a shirt here. Next up, London and the finals. I’m sure Rosalind will be tracking his progress assiduously. 

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