Here is the news on property:

Nationwide report prices rises AGAIN for the FOURTH month in a row

Mortgage approvals highest for SEVENTEEN months

Rightmove report record activity on their site in their history of being live

Housebuilders such as Persimmon and Bovis share prices up by up to 237%!!!

Now before you get too excited these percentages come from a really low starting figure so while they are good looking percentages the absolute figures are not so exciting. Sorry to be a doomster but it is good to get a balanced view on the whole thing.

The key point is this news is being reported. Most people do not understand stats like me and hopefully you so it is just the news that causes people to act rather than the real true figures.

The other thing that puts a dampner on the figures is that fundamentals always apply. So even if everyone reads the great news about how property prices are recovering and they go out and try to buy the reality soon becomes clear when they get refused for a mortgage or find out there are no 90% residential mortgages.

My explanation for the slight price rises are that the sensible buyers who can actually buy can see this period in time as a massive opportunity and are risking their life savings, their parent?s life savings or someone?s life savings (!) to actually buy now before prices rise. Lucky them.

For the rest who cannot get mortgages or do not have a hefty deposit all we can do is surf Rightmove to see, in theory, what they could buy. I am sure mortgage brokers must be busy however they cannot be earning much if lenders are not lendeing.

I managed to get some funds out today for a property I am buying. £25,000 purchase price and will rent out for £300. Not so great but ok. How long these bargains will last I am not sure.

Anyway I have 304 packages left of my training package. It costs only £29.99 which covers the postage and packaging. If you do not like it, send it back and get a full refund.

Buy Now

Speak soon.

Ajay

PS Come to one of my complimentary seminars

Posted on: 27th Aug 2009

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	Home Services Property News Free Resources Partners Contact Page you're viewing > Home Page > Property News > Property Headlines > too much positive news Here is the news on property: Nationwide report prices rises AGAIN for the FOURTH month in a row Mortgage approvals highest for SEVENTEEN months Rightmove report record activity on their site in their history of being live Housebuilders such as Persimmon and Bovis share prices up by up to 237%!!! Now before you get too excited these percentages come from a really low starting figure so while they are good looking percentages the absolute figures are not so exciting. Sorry to be a doomster but it is good to get a balanced view on the whole thing. The key point is this news is being reported. Most people do not understand stats like me and hopefully you so it is just the news that causes people to act rather than the real true figures. The other thing that puts a dampner on the figures is that fundamentals always apply. So even if everyone reads the great news about how property prices are recovering and they go out and try to buy the reality soon becomes clear when they get refused for a mortgage or find out there are no 90% residential mortgages. My explanation for the slight price rises are that the sensible buyers who can actually buy can see this period in time as a massive opportunity and are risking their life savings, their parent?s life savings or someone?s life savings (!) to actually buy now before prices rise. Lucky them. For the rest who cannot get mortgages or do not have a hefty deposit all we can do is surf Rightmove to see, in theory, what they could buy. I am sure mortgage brokers must be busy however they cannot be earning much if lenders are not lendeing. I managed to get some funds out today for a property I am buying. £25,000 purchase price and will rent out for £300. Not so great but ok. How long these bargains will last I am not sure. Anyway I have 304 packages left of my training package. It costs only £29.99 which covers the postage and packaging. If you do not like it, send it back and get a full refund. Buy Now Speak soon. Ajay PS Come to one of my complimentary seminars Posted on: 27th Aug 2009 Bookmark: del.icio.us digg Furl Facebook Reddit Yahoo Spurl Smarking Simpy Stumbleupon Tell a friend Your name Friends email Life is funny sometimes Want to borrow the deposit OK i�ll lend it to you Rates to rise Letting Managers Wanted Property Negotiators Wanted Property Negotiators Required Computer says NO again Do you have a client base Get 30+ BMV Deals EVERY Week I have a busy 16 months ahead How long will it last Buy to Let lending on its way back A bank has said YES FT reports boost in buy to let 92 per cent off Ducking n Diving want a chat how 10 minutes can change someone�s life loop hole for the 6 month rule discovered I have been quiet for a reason never miss a deal get a free consultation, READ NOW Property Networking why I buy high yielding property 2010 is the year that property got going is it the return of the NINJA if you have bad credit you can still INVEST Hip Hip Hooray Radical changes at the Ahuja Group Yesterday was a historical day for buy to let 17 alternative finance brokers and lenders This is as creative as it gets my finance journey has started property funds fall flat on their face join me in my journey in to the world of finance 90 per cent off my new book to my subscribers only I failed the credit check I am really annoyed with the lenders 3 really useful ways to home in on specific deals read my clients wishlist can I ask you a question did you watch the election debate last night? 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