Released on = June 22, 2007, 2:43 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The rush to sell properties before the introduction of home
information packs (Hips) on August 1st is impacting negatively on house prices, it
has been found.


Press Release Body = According to Miles Shipside, Rightmove commercial director, the
impending roll-out of Hips has led to a ten per cent surge in the number of
properties being placed with estate agents.

As a result, house prices rose by just 0.8 per cent in June, a survey by the online
estate agent revealed.

\"More property available is good news for buyers, as sellers that need to sell
urgently will have to drop their price,\" Mr Shipside said.

\"Ironically those that sought to save a few hundred pounds by avoiding Hips have
contributed to a glut of property on the market which will actually cost them money
as they will have to discount their prices to sell.\"

The survey also gave an indication as to the end of the property boom, as for the
first time since December 2006 house prices in London increased by less than the
national average.

\"The end of a boom is also traditionally signalled by a slowdown in London\'s
prices,\" Mr Shipside confirmed.

Julian King, director of National Homebuyers says it\'s not just Hips that have
caused problems for home-sellers. \"The start of the media\'s negative comments on the
property market should be of major concern,\" he says.

\"The national press look only at the big picture and have always hung onto the idea
that the property market is booming. With a handful of small pockets like
Nottinghamshire and the East End of London stagnating and York\'s declining property
prices it will be hard for the media to keep up their positive outlook.

\"We anticipate we will start to see words such as \'negative equity\' in column inches
very soon.\"

National Homebuyers is the UK\'s leading fast purchase property firm, guaranteeing to
make an offer to purchase any property, in any condition, in any UK location. The
company also offer a sell and rent back solution, where homeowners can release
equity in their homes and remain living there as a tenant. Further information is
available at www.nationalhomebuyers.co.uk/index.asp.

Web Site = http://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