Rat and Mouse
Tue
07
Oct

New Malden’s home to 600 defectors, apparently the largest group of North Koreans living in Europe. There’s even a newspaper… the Free NK. The Telegraph traces the area’s popularity to the location of a former ambassador’s residence, plus the previous Samsung HQ (before it moved to Surrey). It’s now a model of north and south Korean integration. More here

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Mon
06
Oct

Priced out of London, but failing to get much sympathy in the comments section [The Guardian]
Why everybody wants to be here [The Guardian]
Profitting from the boom [The Motley Fool]
Clooney buys in Oxfordshire [Daily Mail] 

The Rat and Mouse - it’s about your house

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Fri
03
Oct

20141003croak

[via a Facebook friend]

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20141003branchhill

The Chestnuts, Branch Hill… an imposing six-bedroom property and the home of Paul Robeson during his original 1929/1930 Show Boat London run. There’s a blue plaque commemorating the former singer/actor/civil rights activist’s time there. The property has views of Hampstead Heath. Guide price: £6.25m. Particulars here.

If these walls could talk… Iron Lady edition [June 17, 2014]

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Thu
02
Oct

It’s ugly in the Daily Express comments section, that’s for sure, following a story about a group of Romanian immigrants who’ve resorted to building their own temporary accommodation within a TFL-owned woodland in Edmonton. Certainly, it doesn’t sound as if the incoming community is doing much for the local environment, but the tone of the comments is shameful. 

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Wed
01
Oct

The figures - revealed here - come from the The Property Ombudsman on the day that membership of a redress scheme becomes compulsory, and represent complaints made by both landlords and tenants. 

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Tue
30
Sep

20140930nationwide

It’s a dip of 0.2% in September, according to Nationwide, bringing annual house price growth down to 9.4% (from 11%). The three month on three month average drops to +1.5%, the lowest it’s been in 12 months. Drilling down on London, Q2 to Q3 annual growth has seen a slight slowdown from 25.8% to 21%. Get your copy here.

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11.06% And it’s in the S1 postcode, which is in Sheffield. 

20140930s1

There’s an interesting interactive hotspot map, courtesy of Home.co.uk data, here. Bit fiddly to use, and suffering from the vagaries of micro-data (some of the postcodes have as few as three rental properties) but fun nonetheless. 

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Mon
29
Sep

Senior Labourites unimpressed [Here is the City]
Can the rich wriggle out of it? [Guardian]
Why it’s a stupid idea [MoneyWeek]

And elsewhere...

Du Maurier home for sale [ITV]

The Rat and Mouse - London’s property blog, since 2005 

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Fri
26
Sep

Drop off in rental supply [Property Hawk]
Ed Miliband and Harriet Harman would have to pay mansion tax [Daily Telegraph]
BBC’s new Changing Rooms manages to combine sadistic with dull [Daily Telegraph]
The world’s greatest feats of architecture… cool graphics [Curbed]

The Rat and Mouse - it’s about your house 

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Hometrack report a 0.1% fall in property prices in the capital, the first monthly fall since November 2012. Across England and Wales, there’s no movement at all. 

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Thu
25
Sep

A tax which, if there were a band applied at 2 per cent every year, would mean that, after 50 years, the state had confiscated the total value of your house, could be too juicy not to apply across the board.

The suggestion is, this is more than a tax on the wealthiest, it’s an entirely new kind of tax… a tax on debt, on assets not actually yet owned by the individual receiving the bill. And once it starts to feel normal, a combination of Government convenience and fiscal creep will mean we’ll all be paying it without questioning the principle. Hysteria? Possibly, but it’s an interesting piece, because it attacks the philosophy of the proposal where other critics are attacking the practicalities. 

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Wed
24
Sep

Currency and house price wobbles in Hong Kong have - after five years at the top - meant that London is now the most expensive city for global firms to locate their employees, also beating out New York, Paris and Tokyo in the top five. The data - from Savills - balances office costs, residential costs, taxes and exchange rates. More here.

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Tue
23
Sep

As a Mayfair penthouse breaks the £5,000 per square metre barrier… London’s most luxurious apartments. (Is it bad that I like the first one?)

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Mon
22
Sep

London homes, foreign buyers… the latest data [Daily Mail]
An unusual solution to landlord garden maintenance [Property Hawk]
Percussionist Colin Currie at home in Lewisham [Sunday Telegraph]
Average working life too short to pay for a home [Daily Telegraph] 

The Rat and Mouse - it’s about your house

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Fri
19
Sep

The 1%, they’re the super-rich with £21m or more of assets (not including their main residence) who - according to Professor Danny Dorling - don’t just hold the keys to Knightsbridge, but the keys to the capital’s economic future. Cash-rich, but with little long term interest in London, they keep property prices above and beyond levels that the average earner can achieve with a conventional mortgage. The results… a dysfunctional, unsustainable capital economy, and eventual collapse. The Independent interview doesn’t do a great job of explaining the relationship between London’s super-prime and starter homes, but it’s an interesting read.

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