Released on = July 30, 2007, 5:55 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = House price growth slowed to levels not seen for 15 months
in July.

Press Release Body = Figures published in the Nationwide House Price Report show
that growth slumped to just 0.1 per cent, down from the 1.1 per cent inflation seen
in June.

The average house price increased from £184,070 to £184,270, signalling an increase
of just £200.

The figures are bad news for sellers as they are the first signs that rising
interest rates are having an effect on the housing market and may lead to a price
crash.

\"House prices managed a seasonally adjusted gain of only 0.1 per cent in July, the
slowest pace of growth since April 2006,\" commented Fionnuala Earley, chief
economist at Nationwide.

\"The marked slowdown brought the annual rate of house price inflation down to 9.9
per cent, following three consecutive months of double-digit growth.

\"The three-month on three-month rate of growth - often a better indicator of the
underlying trend of house price inflation - slowed to two per cent and resumed the
downward path that had been interrupted in June,\" she added.

Fast property purchase expert Julian King says: \"It\'s now clear that we are just a
few months away from a fall in property prices.

\"Although this is not spelling a UK-wide crash, it is certainly causing concern for
thousands of homeowners across the UK who are looking for an immediate fast property
sale solution.\"

The news comes on the back of figures released by the British Bankers\' Association
which showed that mortgage approvals plummeted by eight per cent between June 2006
and June 2007.

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