Property

Thursday

Melissa Kite

Real life | 8 September 2016

What is happening to estate agents? Or let me put it another way. If the professional classes thought they were going to escape unscathed from ‘free movement of people’ then they were wrong. I feel it is only fair to warn the office workers and the suited and booted that their salaries are no longer safe from the Eurovision job contest. I know this because I have been trying to sell my flat for a while and a part of the problem has been that the agent put in charge of selling it was a young girl who, while sweet, lacked the ideal vocab range. I overheard her doing a

Thursday

Alex Massie

Highland sting

There is no party in Britain quite as fake as the Scottish National Party. The SNP, now entrenched in its dominance of Scottish politics, imagines itself a revolutionary force for change. Its mission to break up Britain bolsters that impression. But if the SNP campaigns with zeal, it governs with caution. These are the most conservative revolutionaries on the planet. On health, education and taxes, the SNP stresses continuity. The party saves its radicalism for issues the public considers trivial. One is Trident. Another is land reform. According to an opinion poll earlier this year, just 3 per cent of voters consider nuclear weapons one of the three most important

Thursday

Martin Vander Weyer

Is the sale of our only global-scale tech firm to Japan a vote of confidence in the UK?

It’s easy to see why Arm Holdings, the UK’s only global-scale internet technology company, looked worth a quick £24 billion bet by Softbank of Japan. At $1.32 to the pound, the price is a lot cheaper than it could have been before polls closed on 23 June, when sterling stood at $1.50; that made it easy for Softbank to offer a fat premium over last Friday’s closing Arm share price — and harder for Arm’s board to say no. As for Arm’s business, it’s unlikely to be knocked by Brexit since its microchips are priced in dollars and sold chiefly to smartphone makers in Asia and the US. And its prospects —

Liam Halligan

The bust that wasn’t

It has been a month since the UK voted to leave the European Union — but something is missing. Where is the economic collapse? What of EUpocalypse Now? Where is the Brexageddon that we were promised? To the shock of many — not least business titans who bankrolled the Remain campaign — the instant collapse doesn’t seem to be happening. The UK economy is, for now at least, taking Brexit in its stride. The oft-predicted job losses? During the three weeks from 23 June, job listings were up 150,000 compared to the same period last year according to Reed Group, a recruitment consultant. ‘That’s an 8 per cent rise,’ says

Thursday

Martin Vander Weyer

The new PM is right to want boardroom reform, but how can she make it happen?

I spent Sunday at the Sage Gateshead watching an epic performance of Götterdämmerung (I declare an interest, as a trustee of Opera North), so my head was full of it as I braced for more political backstabbing and immolation on Monday. That was very much the way it went as Andrea Leadsom fell, Theresa May rode her horse into the ring of flame that is the forthcoming Brexit negotiation, and Jeremy Corbyn, still clutching Labour’s tarnished ring, was dragged underwater by Angela Eagle, unlikeliest of Rhinemaidens. Enough of the Wagner mash-up: what really caught my ear during the brief moment between Mrs May’s campaign launch and coronation was her attack

Saturday

Henry Jeffreys

Is Lewisham really so ’orrible?

When we said we were thinking of moving to Lewisham four years ago, the locals in our pub in Bethnal Green thought we were mad. ‘It’s fuckin’ ’orrible,’ one of them said. Coming from people who’d lived all their lives in the East End, this was worrying. Nevertheless, swayed by a cheap ex-council flat, we moved to a hill that runs between Blackheath and Lewisham station. A good way to imagine Lewisham town centre is as the village in Asterix, surrounded on all sides by the forces of gentrification. Hither Green, Ladywell, Forest Hill and Brockley have delicatessens and artisan bakeries. Deptford has hipsters whereas Blackheath is proper posh, the

Monday

Lara Prendergast

Could Brexit solve the housing crisis?

It is, at times, unclear that George Osborne is aware that the under-30s are voting in this EU referendum. When he talks about house prices plummeting post-Brexit, he talks as if this will strike fear into everyone’s hearts. For older people seeking to downsize, this might be true – but for almost everyone else, it’s not. And when I hear the In side arguing that we should all be terrified of Brexit because it will cause house prices to fall, I can’t help but wonder if this is the best single reason to vote ‘out’. For most people my age, one of the worst changes in Britain has been the

Thursday

The Spectator

Barometer | 7 April 2016

Squire power The village of West Heslerton in Yorkshire was put up for sale at £20 million after its owner, Eve Dawnay, died. Other villages still largely owned by a local squire: — Hambleden, Buckinghamshire, owned by the W.H. Smith family until 2007 when it was bought by the neighbouring Culden Faw estate, which owns 50 cottages in the village as well as the shop and pub. — Bantham, Devon. An estate consisting of 21 houses, a golf course and 589 acres was bought in 2014 by a businessman, Nicholas Johnston, having been advertised for £11.5 million. The National Trust wanted to buy it but were outbid. — New Earswick,

Tuesday

Theodore Dalrymple

British expats in the EU fear a stronger euro far more than they fear Brexit

Whenever I return to England from my home in France I am struck at once by the number of grossly fat people of beached-whale proportions, by the almost militant vulgarity of much of the population, and by the shabbiness of the infrastructure. This suggests to me that our deeper problems are unrelated to our membership of the EU, and that we have neither the will nor the ability to solve them. This is not to say, however, that our membership serves our national interest. Brexit is possible, though I confess that I’ll believe it when I see it, given the integrity of our political class. Would Brexit affect my position

Thursday

The Spectator

Barometer | 18 February 2016

Selling with honesty An Essex estate agent sold a flat in Westcliff-on-Sea for £22,500 over the £125,000 asking price after advertising it with the words: ‘Wipe your feet on the way out…this property is full of rubbish, there is mould on the walls and I think there may even be fleas.’ The original honest estate agent was Roy Brooks, who operated from Chelsea in the 1960s and won fame by describing properties he was selling with such accolades as ‘erstwhile house of ill-repute’, ‘rather theatrical — in keeping with the pretentious style of the owner’ and ‘ten rather unpleasant rooms with slimy back yard’. The latter property, advertised for £4,650,

Thursday

Merryn Somerset-Webb

Investment: Buy to lose

Take a quick look at the UK buy-to-let market and you might find it tough to understand exactly what it is that makes it so very popular. Dealing with tenants is difficult and boring. House prices have a horrible tendency to go down as well as up (Londoners — ask anyone living in the north of England about this). And rents have long been so low relative to prices that getting a worthwhile net yield is all but impossible after costs. Given this, you might wonder, why on earth would 14.5 per cent of all mortgage lending in the UK in the third quarter of last year have been to

Thursday

The Spectator

Letters | 7 January 2016

A tax on empty dwellings Sir: Both the Conservative and Labour candidates (‘Battle for London’, 2 January) rightly see housing as the big issue in London’s mayoral election this year: Ukip and the Greens would probably say the same. But if one travels along the river at night and observes the large blocks of flats that appear to be almost empty, one wonders if there really is a problem. Anecdotal evidence says that the owners are mostly Chinese (but they could be Arabs, Russians, or others based abroad), who occupy these properties for little more than a week or a month in the year. We who live in London all

The Spectator

Through the roof

When David Cameron said this week that he is worried his children would not be able to afford to buy their own homes, he struck on one of the greatest economic problems of his premiership. The old British promise is that if you work hard and make the right decisions, you can advance in life and own your own home. This is the ladder that most aspire to climb. But for an entire generation, even the hope of home ownership is slipping out of view. A huge number of young Britons cannot hope to have the kind of life their parents enjoyed. The Prime Minister must know he is on dangerous

Thursday

Toby Young

The plot to save our allotments

Since turning 50 I have become a gardening enthusiast. It started with tomatoes, then spread to raspberries and last year extended to French beans. I’ve now run out of space and was hoping to get an allotment in 2016. They’re like gold dust in west London, but one of the perks of living on my street is that the residents’ association has access to the Goldsmith’s Close Allotments, a two-acre plot abutting the backs of our houses. I put my name down when I first moved in and was optimistic one might become available this year. Imagine my dismay, then, when the chair of the residents’ association told me the

Thursday

Tanya Gold

Redecorate the restaurant, but you can’t redecorate the clientele

Forty-five Jermyn St lives in the left-hand buttock of Fortnum & Mason (F&M), a shop whose acronym is slightly too close to FGM (female genital mutilation) for this column to be able to relax there for long periods, even though its Diamond Jubilee Tea Salon is excellent. Its name is part of a vogue for naming restaurants after postal addresses, and even street numbers (Richard Caring’s 34 in Mayfair). This is one of the more idiotic, if less gritty, consequences of the London housing crisis: an address — or even a house number — is a brand. The restaurant named after a postcode — and I suggest TW11 0BA in

Thursday

Taki

High life | 5 November 2015

I have finally moved into my new flat, a jewel of a place in a pre-first world war Park Avenue building. The finishing touches won’t be made until Christmas 2016, as work is only permitted during the two summer months. That is the way it should be. The past three years have been agony for me. I’ve been living in an apartment that shook all day while Jeff Koons, a so-called artist, was putting up a behemoth in the shape of a house directly behind me. Worse, a Russian oligarch, who had hired dodgy construction workers to tear down and rebuild a monument to his thievery, had them ignore night-time

Thursday

Mark Palmer

Bring back the bungalow!

Sheila Pugh is 91 and in good health. She lives on her own in Congleton, Cheshire, where she takes pleasure in cooking for herself and moving about the place with a dustpan and brush, albeit a little gingerly at times. She has a private garden with a pond and views over arable land. A lot of her friends and a great number of people of a similar age have had to move into retirement or care homes, cashing in their savings and surrendering their independence in the process. Mrs Pugh’s good fortune and the difference between her and so many other ninetysomethings is simple: she lives in a bungalow. ‘It’s

Friday

Ross Clark

Struggling to get on the property ladder? Qualifying for social housing may soon be your best bet

That the Conservatives came up with the idea of extending the right-to-buy to housing association tenants was a symptom of their failure to believe they could win this year’s general election. Such an ill thought-out policy can only have made it into the manifesto in the expectation that it could be used as a bargaining chip in the coalition negotiations which were expected to follow. Today, communities secretary Greg Clark announced a significant weakening of the manifesto promise. He said he would consider an alternative scheme put forward by the housing associations themselves, which would exempt many properties, such as those funded by charitable donation. In some cases, tenants may

Thursday

Anne Williams

Last orders | 27 August 2015

Lant Street would be easy to miss, if you weren’t looking for it. Charles Dickens lodged on Lant Street as a child, during his father’s stay in Marshalsea debtors’ prison nearby. The Gladstone Arms is about halfway down, doors open to the narrow street on a warm afternoon in August. Inside, an old man nurses a pint in late summer light that falls through mullioned windows. The grain of the oak floors has a dark patina of London grime. There is nothing spiffed-up about the place. But it’s beautiful, and in decent nick. A black and white cat sits on the piano. This tiny place is also a live music

Thursday

Rory Sutherland

The presentation of choice

The appallingly bad photograph below was taken on my mobile phone about 15 years ago. It shows the menu layout from the Lisbon restaurant Chapito. I have never seen any other restaurant adopt such an ingenious format. You are given five set menus to choose from (white, yellow, orange, red and green) with a suggested wine for each. But you are perfectly free to substitute any dish from any other menu, or omit a course if you want. It is a brilliant example of what is sometimes called ‘choice architecture’. This format makes it easier to choose what to eat. But it also helps you make a better choice. You