Land registry report biggest price rise

 

The land registry is the official measure of house prices as it takes the average of EVERY sale that occurs in England & Wales.

 

So it came to my surprise that we have seen the biggest monthly prices since:

 

Not 2007

Not 2006,

Not 2005

 

But July 2004.

 

The jump in July 2009 was 1.7% which is the biggest jump since July 2004 which was when the real boom took hold in 2004.

 

It is not as if these increases were not predicted by few experts as you have the key fundamental of supply and demand.  When supply does not meet demand it causes price to increase.

 

We might even get the ludicrous situation when lending increases that property prices might fall temporarily.  This is because more properties come on to the market in anticipation at a greater rate than those able to get a mortgage thus over supplying the property market.  Now wouldn’t that be funny however very unlikely.

 

So when you see the Land Registry not only reporting rises but actually large rises then you have to listen up.  This is the governments figures.  Not a private organisation with some ulterior motive of hyping up prices.  The LAND REGISTRY.

 

So large official rises could be signalling an end to property price declines.  This means buying and remortgaging (or selling if you are a trader!) is very much on its way back.  The reason why this is so profound is because of one thing:

 

THIS IS HOW I MADE MY FORTUNE!

 

I bought

Prices rose

I remortgaged

I bought again

Prices rose

I remortgaged

I bought again etc.

 

I repeated the process a couple of hundred times!  And do not worry about the borrowing as you exclusively buy the high yielding stuff which pays for the debt.  Or you could always sell on the way up banking little pockets of £10,000 in cash each time you make a sale.

 

To get ready for the boom to be experienced during the latter part of the year consider investing in my training package.

 

Ajay

 


Posted on: 28th Aug 2009






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