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 in Hampstead Garden Suburb. Go here to read about the Gaddafi billions. If you want to be a Gaddafi tenant, go here and view the particulars.

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Underground estate agents

Cutler & Bond is London’s first estate agency specialising in lower ground floor apartments. We know about the problems of lower ground living… lack of light… occasional damp issues… occasional security problems. What about the advantages? According to C&B’s enthusiastic Tim Day, lower service charges, the possibility of a little outdoor space and competitive prices.

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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.

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

Caan

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 see investment in One Hyde Park-style developments aimed at the internationally wealthy. More here.

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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 Rat and Mouse – London’s property blog, since 2005

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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 or divorce. But whatever reasons give you issues with your housing needs, you can always seek online assistance to resolve them.

There are things that you have to check first in order for you to sell a house fast. Online house specialist can guide you through the process but you must have an idea of the real value of your home for sale. Though the estate agents can help with the appraisal and the sale, having a clear understanding of the estimated market value will greatly help. You should not be worried because they always provide quality service.

United Kingdom is a good place for property investing and if you are interested to try it yourself, better review the property investment guide. There are lots of informative posts online that can help you learn the basic of property investing. Now that the economy is still in crisis, there is still hope for those who understand the real deal of being a property investor. By taking advantage of foreclosed properties and rush sale, one can definitely be successful.

Houses with negative equity are undeniably difficult and very challenging to sell. But in spite of the said challenges, there are still experts on this field who see this as area of opportunity. Even in the down market, they can sell the properties at the right price. Some property acquisition company can be found online providing solutions to housing problems like this. By consulting them, house sellers are able to sell their house really fast.

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 price they do not sign silly 12 week contracts [no one ever should in my opinion] and at the first hint of the agent realising they’ve ballsed up and trying a price reduction the contract should state they should be able to get out and instruct another agent.

In the end, he says, they almost always come running back.

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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

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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 as serious one as the chaos Eric Pickles quickly unleashed on local planning laws. More recently, the Government announced the New Homes Bonus scheme, which will financially reward councils for homes built. The system of consultation necessary first with local communities, however, remains unclear, and even by the Government’s own estimates it won’t result in home building on a scale to match previous targets. There’s a problem.

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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

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