`Uncertainty` abounds in the housing market says National Homebuyers

Released on = May 4, 2007, 4:03 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = \'Uncertainty\' in the housing market has been reported by the
National Association of Estate Agents (NAEA), says National Homebuyers.

Press Release Body =

The latest figures from the NAEA March housing survey show the housing market
appears to have reached a plateau as the numbers of buyers and sellers along the
with the amount of completed house sales last month are correlative to the
equivalent figures from March 2006.

Despite this, Charles Smailes, the NAEA president, believes that an expected
interest rate rise in May and the introduction of home information packs (Hips) in
June will act to destabilise the market in the near future.

\"It appears that we are finally hitting a period of levelling in the residential
housing market,\" he said.

\"However this is unlikely to last. There is a great deal of uncertainty in the
market at the moment, the increase in interest rates and the implementation of Hips
are set to have a significant impact.\"

Home owners are rushing to sell their homes now, Mr Smailes reported, rather than
wait until June when they will have to produce a Hip at their own expense.

The UK\'s leading fast property purchase company National Homebuyers says that \"the
only uncertaintly was that uncertainty was certain\". Director Julian King says: \"We
have predicted this augmenting fear of uncertainty for over a year.

\"Ultimately it will lead to a depression in the housing market. Homeowners need to
ignore the editors of national newspapers and gather more genuine information about
property prices in their area for a genuine feel of what\'s happening.

\"National Homebuyers is receiving more and more enquiries from people who are
finding it difficult to sell their property and to whom National Homebuyers is a
genuine, quick sale solution.\"

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

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
08709798118

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