tag:blogger.com,1999:blog-2948538160252327076.post2112282771407589921..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: What a difference a year makesAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2948538160252327076.post-63077876568767284072008-12-02T05:07:00.000+00:002008-12-02T05:07:00.000+00:00Wonder if Ajay would like to buy some "magic" bean...Wonder if Ajay would like to buy some "magic" beans they have a AAA rating for growth.Mitchhttps://www.blogger.com/profile/01024073152949016734noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-51416248193261652852008-12-01T20:45:00.000+00:002008-12-01T20:45:00.000+00:00Ajay specialises in DHSS lettings btw.Ajay specialises in DHSS lettings btw.Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-34715971642344748592008-12-01T17:47:00.000+00:002008-12-01T17:47:00.000+00:00B-b-b-but Ajay Ahuja (property magnate) says:The p...B-b-b-but Ajay Ahuja (property magnate) says:<BR/><BR/>The property slump is over. I am fairly sure of this because the following will happen over the next 6 months:<BR/><BR/> <BR/><BR/>On December the 4th interest rates will be dropped to either 2.25% or below. <BR/>Buy to let borrowing rates will be around 4%. <BR/>Property prices for bottom end properties (less than £100k purchase price) will start to look attractive to investors as yields are 8%+. <BR/>Investors like me and probably you will start to buy like mad as prices become too tempting. <BR/>As we start to buy, and bid against each other, prices start to edge up as we become comfortable with low borrowing costs. <BR/>Since the bottom end of the property market make up the majority of the average house price statistic the Halifax and Nationwide start to report a slight increase in house prices in the month of April 2009. <BR/>This statistic is further confirmed by Rightmove and Hometrack. <BR/>Land Registry figures come out for Quarter 1 of 2009 in May 2009 reporting a slight increase in house prices. <BR/>Mass media start running the front page as "Property Slump Over" and pundits all say now because it is cheaper to buy than to rent, people should start buying. <BR/>The first time buyers come flooding back to the property market in their herds trampling all over us investors and we say good bye to those lovely yields!<BR/>So. Are you going to help the property market recover? It is from December 1st 2008 till May 2009 where the window of opportunity exists for us. I suggest you:<BR/><BR/> <BR/><BR/>a) get your credit rating sorted and start speaking to your broker, lender or bank manager.<BR/><BR/>b) Start looking! If you need help where to look contact us!<BR/><BR/> <BR/><BR/>2009 is going to make a few people very rich. I hope you are one of them.Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-61473727153188587312008-12-01T17:16:00.000+00:002008-12-01T17:16:00.000+00:00Sky News says: "Just £459m was lent during October...Sky News says: "Just £459m was lent during October, well down on September's £1.49bn and only 6% of the level for October 2007."<BR/><BR/>I think that means we should dispense with 96% of the jobs in mortgage lending, don't you? <BR/><BR/>I expect that's a million or two...<BR/><BR/><BR/>B. in C.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-37037084474730336442008-12-01T16:44:00.000+00:002008-12-01T16:44:00.000+00:00No credit, no bubble, no market. Net new lending w...No credit, no bubble, no market. Net new lending was down 96% in October and will be negative in 2009 according to the Crosby report.Anonymousnoreply@blogger.com