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.