Archive for the ‘Real Estate’ Category

Your new landlord – Mr Gaddafi

That’s Saif al-Islam Gaddafi, the Colonel’s second son, the one who threw some cool parties but appears to have created some uncool controversy for himself after publicly taking a very anti-protest stance. He’s only likely to be your landlord, though, if you’ve a budget that will stretch to almost £10,000 a week, for an 8-bedroom home [...]

"Scraping" fraud hits UK tenants

Fake lettings sites, automatically “scraping” genuine websites for data, are responsible for illegally separating would-be tenants from their deposits, according to this. Overseas clients are particularly at risk. ARLA advice tenants to to demand safety certificates and other address-related documents and send a friend to actually visit the bricks-and-mortar with the landlord before entering into [...]

Crazy vendors dig their heels in

According to Rightmove, vendors won’t budge on price, despite all common sense,  economic outlook and poor lending conditions, and the result is likely to be an alarmingly painful constipation in the UK property market. More here.

Technorati Tags: property, real estate

Monday morning linkage – London: rents up, prices up, gazumping up

Rents up 11.5% in Prime London in 2010, expect a further 8% in 2011 [Telegraph]Religious teacher jailed for mortgage fraud [Express]Guzumping returns to London [FT]Houses in eye of economic storm could fall 20% [Guardian]Guy Ritchie squatters evicted [Telegraph]Tories and their swimming pools [Sunday Mirror]Superprime on the up [Bloomberg]The bankers’ bonus boost to London property [Guardian]
The [...]

Dragon with £100m on the table for suitable super-prime developments

In 2008 he bought a quarter of the Look4AProperty portal; in 2009 he hooked up with Hitachi Capital to offer higher loan-to-value mortgages through the website; now former Dragon James Caan is apparently going where the money is… super-prime. He’s said to be partnering with the Candys, no less, in a £100m venture that will [...]

The State of The UK Property market

Home sellers and home buyers can benefit by using online services that guarantees quick house sale. Even if there are financial hardships and challenges with business, selling a house fast can still be possible with the help of home buying companies and online estate agents. Some other factors that cause housing issues are relocation, repossession [...]

Ed Mead warns vendors: careful who you leap into bed with

A few big ticket sales are turning London vendors heads, he argues, with the result that agents who urge realistic pricing (wives) are losing out to the big chested braggadocio agents who promise a whirlwind romance (mistresses). Some interesting words of warning:

I have been suggesting that if they want to go with a much higher [...]

Friday linkage – the Mubaraks of London

How to buy a property with a friend [MoneySupermarket.com]In the US: A plea to help stop Detroit from falling down [Curbed]Landowners gives islanders Scottish island… as gift [Press & Journal]Another look at the housing benefit cuts [Guardian]Could the Mubaraks be hiding out in London? [Evening Standard]
The Rat and Mouse – London’s property blog

Technorati Tags: property, [...]

Thursday linkage – Celebrityville

New bungalow for lottery scratchcard winners [24dash.com]
Nationwide’s fixed rate deals creep up [Mortgage Strategy]

Where will William and Kate live? [ABC News]
The Northern Irish repo crisis [Belfast Telegraph]
Shoreditch… Celebrityville {PropertyTalk Live]

The Rat and Mouse – it’s about your house

Technorati Tags: property, real estate

The homebuilding crisis

After nine months under the new Government, house-building has pretty much ground to a halt. 102,570 homes were built in 2010, the lowest (peacetime) number since 1923. In the last quarter of the year, starts dropped by 11% on the previous quarter, completions by 13% (Government figures). Poor weather has been an issue, but not [...]