Amazing Data 1

Halifax report house prices up 1.9%.  Here is the report:

http://www.hbosplc.com/economy/includes/05_02_09HousePriceIndexJanuary2009v2.pdf

This data has made front page news.  Daily Express have run this story as their main story and I am sure we will see other house price data companies reporting future data with this news.

Amazing Data 2

Property websites are experiencing a higher volume of traffic.  Have a look at the graphs of traffic for:

Rightmove.co.uk

http://www.alexa.com/data/details/traffic_details/rightmove.co.uk

Findaproperty.com

http://www.alexa.com/data/details/traffic_details/findaproperty.com

Propertyfinder.com

http://www.alexa.com/data/details/traffic_details/propertyfinder.com

Amazing Data 3

Interest rates are at a 300 year historic low.  We all know that.  Rates are now 1% and are heading to zero very soon.  Considering borrowing rates are set to a margin of this base rate borrowing has never been cheaper.

Some people are paying 8p a month on their mortgages.  If this was predicted by someone only 12 months ago they would have been sectioned to the asylum!

Amazing Data 4

The fund has been set up for banks to exchange their poor debt for cash!  This is £50bn and will be more.  This will definitely free up lending to some degree.

So has it turned? 

Who knows!  The facts are property prices are low, yields are high and there is plenty of money to be made.   If this really is the end of the slump then it was even quicker than even I predicted!  I thought it would be in September 2009 with it really kicking in by February 2010. 

I suppose one of the reasons why everything is happening quicker is the fact that we live in the internet age.  Information moves VERY fast.  If you want to find information you can find it very fast also.

I have to say I have learnt a lot these past 8 months!

 

Ajay

Posted on: 6th Feb 2009