Released on = August 23, 2007, 6:58 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Inflation appeared to fall today but analysts are predicting
further interest rate rises.

Press Release Body = It has been revealed that consumer price index (CPI) annual
inflation fell to 1.9 per cent, just below the government\'s target.

Despite this, experts are still predicting that the base rate will rise, making it
even more difficult for homeowners to sell their property.

Jonathan Said, senior economist at the Centre for Economic and Business Research,
predicts that the Bank of England will increase rates in the coming months.

\"Our view is that the decline in inflation this month is more an over reaction to
weak demand in July, rather than the disappearing of the underlying food and
commodities supply shortages,\" he commented.

\"Hence the inflation battle is not over yet. It is likely to rise again in the
medium term, so that the Bank of England remains set to raise rates to six per
cent.\"

A further rise in the base rate could have a devastating effect for home sellers,
with the Royal Institution of Chartered Surveyors revealing that first-time buyer
enquiries plummeted in July.

Fast house sale company National Homebuyers also reports an influx in calls from
home sellers who are unable to sell their property because of a lack of buyers.
Operations Manager says: \"Homeowners have never had it so bad.

\"The drastic lack of buyers is going to decrease as the property trading year end
nears.

\"Home sellers are finding a guaranteed buyer with National Homebuyers and we have
seen enquiries increase 95 per cent from June to July this year.\"

National Homebuyers are the UK\'s leading fast property purchase firm, guaranteeing
to make an offer to purchase any property in the UK for vendors who need a quick
sale.

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