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Property industry `becoming a buyers` market` - National Homebuyers

Released on = May 9, 2007, 1:55 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = An increasing number of homes are being put on the property
market, it has been revealed - meaning the balance of power is shifting gradually
away from the seller to the buyer says National Homebuyers.

Press Release Body = According to estate agents haart, the number of houses being
put up for sale in London in April was 20 per cent higher in March.

As a result, London house price growth dropped to 0.6 per cent in April - down from
one per cent in March - with the average house price now standing at £264,636.

Meanwhile, over-valued houses are not being sold, Paul Smith, chief executive of
haart, has noted - with the introduction of home information packs (Hips) being
touted as the reason for market instability.

\"With increasing numbers of sellers putting their property on the market to beat the
introduction of home information packs on June 1st, the supply and demand imbalance
has been slightly addressed, giving buyers more choice,\" Mr Smith said.

\"Although activity levels are high, pushing prices up, this gradual switch to a
buyers\' market means that overpriced properties are not selling.\"

Hips will be mandatory for all home sellers come June - at a predicted cost of
around £500.

We asked the UK\'s leading property purchasing company National Homebuyers, who
specialise in assisting sellers in all areas of the country when needing a quick
sale. Managing director Julian King advised: \"There has been a sharp increase in
call volumes from homeowners throughout the UK who are wanting to sell quickly due
to the lack of buyer activity, thus seeing the trend moving from sellers being able
to name their price to in fact having to reduce and in some cases just not being
able to sell at all.

\"The good news is that we are able to assist and help where possible agreeing to
purchase quickly and in some cases we are being asked to buy and allow the seller to
rent their property back.

\"One of the biggest advantages currently is that anybody wanting to sell their
property quickly to National Homebuyers does not need to have a home information
pack (Hip). If you are having problems selling your home or simply wanting to sell
quickly then National Homebuyers could be the answer and guarantee to say yes to
buying any property regardless of condition or area, you can call them on 0870 979
0900 or just simply go online to www.nationalhomebuyers.co.uk.

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

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