Released on = June 11, 2007, 6:53 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The annual growth in house prices is expected to slow to
just four per cent over the coming months, Hometrack has said.


Press Release Body = According to the property company, growth in the property
market has slowed to just 0.6 for May, down from 0.7 per cent in April, as interest
rate hikes appear to take effect.

Significantly, no growth in house prices was recorded in some regions, including
Wales and the north-west, while the north of England in general saw prices rise by
only 0.1 per cent in the last month.

\"The steady ratcheting-up of interest rates was bound to take its toll eventually,\"
said Richard Donnell, Hometrack\'s director of research, commenting on the latest
figures.

\"We expect the headline rate of growth to slow relatively quickly over the rest of
the year towards four per cent as affordability pressures put a continued squeeze on
purchasing power and more supply comes to the market.\"

A growth in supply of housing, particularly in the south-east, was also noted in the
research.

Julian King, director of National Homebuyers, the UK\'s leading fast purchase
property firm says: \"We have predicted this slowdown for 12-months and are not
surprised at the results from Hometrack.

\"Homeowners should, by now, be able to read the signs are if they are considering
selling, they are advised to do sell quick.

\"The compounding effect of yet further increases in interest rates and lack of
potential buyers suggests that we will be reading the phrase \'negative equity\' in
the press for the first time in years very soon.\"

People looking to sell their home quickly before the market slips backwards should
consider selling to National Homebuyers, the Sussex-based business purchases
properties quickly, regardless of the property\'s condition or location. Further
information is available at www.nationalhomebuyers.co.uk/index.asp or 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
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk