Released on = May 17, 2007, 1:28 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Speculation is mounting that prime minister-to-be Gordon
Brown\'s aim to tackle the problem of affordability for first time buyers could lead
to a fall in house prices.

Press Release Body = While demand for housing has already been subdued following
interest rate rises in August, November, January and May, house price growth has
remained positive in some areas largely due to supply constraints.

However, Mr Brown announced on the BBC\'s Sunday AM show that he planned to increase
the number of houses being built from the current level of 160,000-170,000 houses a
year to 200,000.

While a recent report from the Town and Country Planning Association has suggested
this figure should be increased to 220,000 to 240,000 to cope with the backlog, Mr
Brown\'s proposals would undoubtedly have an impact as they stand, although it is
unlikely to make things significantly easier for the majority of first time buyers.

Julian King, director of the UK\'s leading fast property purchasing firm, National
Homebuyers adds: \"When coupled with the inevitable increase in number of interest
rate rises though, a fall in house prices is bound to be on the cards.

\"Many analysts have suggested that interest rates will hit at least six per cent
before the end of the summer. We further predict that mortgagees will be facing
hikes up to 7.5 per cent within 12 months.

National Homebuyers purchase properties from vendors without the need for a Hip and
at a timescale to suit the vendor, effectively guaranteeing a sale, on time. The
company\'s website can be found at www.nationalhomebuyers.co.uk/index.asp and you can
contact them by calling 0870 979 8118.

Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
08709798118
Fax: 01444 257333
info@nationalhomebuyers.co.uk