"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Wednesday, May 30, 2007

UK Housing as a store of wealth- unbeatable over 5 years

The Land Registry's House Price Index is the most accurate independent house price index available. It uses Land Registry's data set of completed sales making it the only index to be based on actual price paid.

They figures for April have been published today
Current index 218.8
Average price £179,935
Monthly change 0.6%
Annual change 9.1%

Greater London and Brighton and Hove are the areas with the highest annual price change both with an increase of 15.6 %.

Where Lord Patel lives the index has risen from April 2002 to April 2007 from 121.4 to 239.8 a rise of almost 100% and the average price has risen from £63,700 to £126,800.

This is the FTSE 100 Index over the same period ;

PS The US dollar has dropped from @1.32 to @1.99 per pound Sterling in the last 6 years.

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish