Released on = August 2, 2007, 8:03 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Significant confusion is arising in the UK property market
as conflicting reports on house price growth are released.

Press Release Body = The Department for Communities and Local Government, the Royal
Institute of Chartered Surveyors and Halifax have reported that house price growth
is slowing.

Conversely, the Financial Times and Nationwide say that growth has accelerated and
all of this is leading to confusion.

Global Insight has moved to try and clear things up and has commented on the
results, stating that it appears as if the housing market is losing momentum.

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It points out that the latest round of interest rate rises has decreased
affordability and this means there are fewer buyers entering the market.

The base rate currently sits at 5.75 per cent and is at a six-year high with many
analysts predicting another 0.25 per cent rise before the end of the year.

With affordability decreasing and fewer first-time buyers entering the market, it is
becoming evermore difficult to sell a property.

David Harber, operations manager of National Homebuyers says: \"This is just another
symptom of the confusion that a house seller can experience when selling their house
through the traditional \'chain model\'. When there is confusion among the experts as
to the average price of a house, how is the average seller supposed to process this
information and come to a more informed conclusion?\"

Harber continues: \"The real problem is that people are make life changing decisions
based on these surveys, and the contrasting indicators. Who, or who not to trust can
require an expert in the housing market in its own right.\"

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