Released on = June 6, 2007, 2:50 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Property prices in York are falling significantly, prompting
fears of a local property crash, according to reports.

Press Release Body = Despite claims that house prices are continuing to rise across
the UK, figures from PropertySnake.co.uk suggest that prices in the York area are
down, with some parts of the city even seeing drops in double figures.

The value of property in the city centre has dropped by as much as 13 per cent, the
York Press reports, while other parts have seen prices tumble by 12 per cent.

Local estate agents have not appeared overly optimistic about the prospects of
York\'s property market.

\"We have certainly seen a slow down in the last ten months since interest rates
started to rise,\" said Kevin Hollinrake of Hunters Property Group, speaking to the
York Post.

\"It\'s when supply and demand gets out of kilter that you start to see a rise or fall
in property prices.\"

The UK\'s leading fast purchase property firm, National Homebuyers says that the
signs have been there for sometime. Director Julian King says: \"The drops is double
figures should be waking the rest of the UK to what is likely to happen to their
property price.

\"We highlighted the problems around Nottingham late summer last year and it does not
surprise us that York is now seeing drops in property prices.

\"National Homebuyers speak to thousands of people each week who are finding the sale
of their property at the right price and on time very difficult.

\"We purchase properties all over the UK and have identified notable increases in
business from Nottinghamshire, Lincolnshire and Yorkshire.\"

For more information about selling your property quickly or to sell your property
and rent it back, visit www.nationalhomebuyers.co.uk/index.asp or call 0870 979
8118.

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