Released on = July 17, 2007, 4:43 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The owners of flats may be particularly anxious to sell up,
following figures from the Land Registry that suggest that apartments are failing to
grow in value at the same rate as houses.

Press Release Body = Outside of London, flats appear to be losing value compared
with the rest of the property market, with the BBC\'s economics expert Gavin Davis
suggesting that oversupply is to blame.

\"In England, only about one in six dwellings is a flat - but of new-built
properties, it\'s not far short of one in two,\" he commented.

\"Developers say they are building a lot of flats because they are being encouraged
to develop brown field sites with high density accommodation.

\"However, in a few cities the supply of new flats may be causing problems.
Unoccupied city centre apartments are now sometimes being let for one or two night
stays, in competition with hotels.\"

Apartment owners may not be aware of the their poor investments, however, as
national figures take into account London prices, where flats are performing much
better.

Julian King, Director of National Homebuyers says: \"We have been contacted by flat
owners is Nottingham, York and Lincolnshire where the value of their property is
falling at an alarming rate.

\"Flat owners in these areas, and one would predict other nearby areas soon, are now
distressed at the sharp fall in their property\'s value. As we are in the first
stages of a major slowdown in the market, we recommend flat owners look carefully at
the equity in their property and the affordability of their property.\"

National Homebuyers is the UK\'s leading fast purchase property firm, guaranteeing a
quick sale of any property, in any condition in the UK. Their Sell and Rent Back
solution is for homeowners of any age who want to release equity in their home but
remain living there as a tenant.

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