Released on = May 4, 2007, 3:42 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Property prices have fallen to their lowest value in five
months, it has been revealed says National Homebuyers.


Press Release Body =
A survey by Moneyextra - which was based on 50,000 searches carried out on the
financial comparison site in the last month - showed house prices fell from £222,923
in February to £220,303 in March.

This highlights the uncertainty currently prevailing in the property market, which
has been attributed to heightened fears of a further rise in interest rates and the
impending introduction of home information packs (Hips).

\"It looks like the mortgage market is beginning to slow down,\" confirmed Robin Amlot
of Moneyextra.

He also predicted that this trend is set to continue given the aforementioned
concerns of homeowners and first time buyers.

\"The prospect of higher interest rates on the way and talk of base rate rising as
high as 7.5 per cent next year will have a dampening effect on the housing market
over the coming months.\"

Movers - as opposed to first time buyers - were most likely to record a fall in
property prices, according to the survey.

Julian King, director of National Homebuyers, the UK fast property purchase company
says: \"We have predicted this for quite some time. The certainty of more and more
interest rate hikes is already having an effect.

\"National Homebuyers is being inundated with people enquiring about a quick sale
solution for their property as their local marketplace is already going backwards.
We will happily discuss our solutions to help people worried about the future value
of their property.\"


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

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