House price inflation decreases in England, Scotland and Wales

Released on = May 15, 2007, 5:14 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The rate at which house prices are inflating year-on-year is
falling, it has been revealed.

Press Release Body = A survey by Communities and Local Government (CLG) found annual
house price inflation in March to be 10.9 per cent, down from February\'s equivalent
figure of 11.8 per cent.

\"England, Scotland and Wales saw decreases in inflation in March 2007,\" the
Department for Communities and Local Government (CLG) report stated.

\"The inflation rate in England fell from 10.7 per cent in February to 9.8 per cent
in March; the inflation rate in Scotland fell from 16.6 per cent to 14.8 per cent;
in Wales the rate fell from 10.7 per cent to 9.7 per cent.

\"Northern Ireland was the only home country where the inflation rate rose, from 48.5
per cent to 50.1 per cent.\"

Recent rises in interest rates have acted to cool demand in recent months, and many
analysts have predicted further hikes in the near future.

Julian King, Director of National Homebuyers says, \"As a result, many existing
British homeowners are struggling with affordability. Many, many more are relieving
their financial pressures by selling their homes to National Homebuyers, and then
renting it back.

\"Our Sell and Rent Back solution is finding an increasing number of welcoming arms
from those who are concerned over the short to medium-term effect of these price
inflation decreases. The option is an effective way to release equity in the home,
while remaining living there.

National Homebuyers statistics show the East Midlands being most affected by the
inflation decreases.

For more information about the solutions available through National Homebuyers,
please log onto www.nationalhomebuyers.co.uk or call 0870 979 8188


Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk

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