Released on = May 4, 2007, 2:49 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Newly released figures from the Land Registry show that
despite recent rises in interest rates and the prospect of a further hike this
month, house prices in the UK are still going up says National Homebuyers.

Press Release Body =

However, regional reports show that in some areas house price growth is lower than
the overall inflation in the UK economy, meaning that prices are falling in real
terms.

The Land Registry\'s house price index (HPI) found that average property prices in
the UK rose by one per cent in the last month and by 8.3 per cent from March 2006 to
March 2007 - one of the highest year-on-year climbs for two years.

In comparison, house price inflation from March 2005 to March 2006 was 4.3 per cent
- a full four per cent lower than this year\'s equivalent figure.

Growth is strongest in the south of England, with Brighton and Hove reporting an
average house price rise of 14.7 per cent.

By way of contrast, Nottinghamshire\'s average house price increased by just 1.9 per
cent in the last year - significantly lower than the current 3.1 per cent consumer
price index inflation rate of the UK economy as a whole.

It is widely expected that an interest rate increase this month will act to slow
house price inflation significantly.

Julian King, director of National Homebuyers - a company that guarantees to make an
offer to purchase any property within days - adds: \"People\'s confidence grows as
there are continued reports of house price increases. With the introduction of Hips,
the surge of properties being marketed in the summer and continued interest rate
rises, homeowners will very soon realise that they are owners of a valuable asset
that no-one is willing - or able - to pay the asking price.

\"We should be very careful about the continued effects of house price rises. It
cannot be sustained.\"

Web Site = http://www.nationalhomebuyers.co.uk/newsarticle.asp?ID

Contact Details = Sterling House
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Burgess Hill
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RH15 9NF
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