+ Bookmark This Page    
Preferences  |  6:13 AM
  1. Home
  2. Latest News
  3. Submit Press Release
  4. Search Jobs
  5. Search Businesses
  1. News Home
  2. News Archive
  3. By Category
  4. By Location
  5. By Date
  6. By Tag
  7. Newsletter
  8. 40,000 RSS Feeds
  9. Submit Free Press Release
 
Filter News
Category

Country

State / Province
Select Country First

City / Town
Select State First

Impact of rate rises 'starting to kick in' says National Homebuyers.

Recent rises in interest rates are having an impact, it has been confirmed.
 

FOR IMMEDIATE RELEASE

PRLog (Press Release)May 24, 2007 – According to property website Rightmove's Miles Shipside, asking prices are being forced down as homesellers recognise the difficulties homebuyers are facing as they attempt to finance the purchase of new property.

This is especially noteworthy, Mr Shipside suggested, given that the housing market should be booming at this time of year.

"There are signs that the rises are influencing sellers' asking prices," Mr Shipside confirmed in the Daily Express.

"Average prices showed their smallest rise of the year in our latest research. That's surprising given that we are at the peak of the spring marketing season."

Interest rates were increased in August, November, January and May - while many analysts expect a further hike later on in the summer.

Homeowners struggling under the impact of rate rises could consider selling their properties to quick sale property firm National Homebuyers. Director Julian King says: "For Rightmove to confirm our predictions of last year must be a signpost no-one has wanted to see.

"Asking prices are coming down, as homeowners and agents are beginning understand that belief in the media hype that everything is rosy in the garden is foolhardy.

"National Homebuyers arrange a quick sale for any seller, we can even arrange for the vendor to release the equity in their home, while remaining living there as a tenant."

The National Homebuyers "sell and rent back" solution is available to any homeowner, with a property in any condition or location in the UK. Further information about sell and rent back can be found by clicking here: www.nationalhomebuyers.co.uk/sellandrentback.html or by calling 0870 979 8118.
# # # + Share This Article Click to see PDF Version of this Press Release

Email to a Friend   Email to Author       Previous News   Next News


Issued By:National Homebuyers
Website:http://www.nationalhomebuyers.co.uk
Email:Click to contact author
Phone:0870 979 8118
Fax:01444 257333
Address:Sterling House
:20 Victoria Way, West Sussex
City/Town:Burgess Hill
State/Province:London
Zip:RH15 9NF
Country:United Kingdom
Categories:Business, Marketing, Real Estate
Tags:National Homebuyers, Home Buyers, National Home Buyers, Quick House Sale, Home Sale, House Buyers
Shortcut:www.prlog.org/10018035

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog.Org can't be held liable for the contents of the press releases.   Report Abuse


Related

Graduates can't buy due to financial difficulty, says National Homebuyers

Sellers unhappy at upfront cost of Hips, says National Homebuyers

New home prices plummet, says National Homebuyers

Sub-prime rates increased 'intentionally' says National Homebuyers

Women 'thriving' in property investment market, says National Homebuyers.


Most Viewed (Last 7 days)

Instyler Hair Straightener As Seen On TV Review - 712 views

Black Friday 2008 Online Sales, Ads, And Deals From Dealworker.com - 622 views

Dubai Real Estate Agent Survey Reveals True Market Opinions - 620 views

Economy is Down, but Bargains Stay Hot: 3Deals.com Prepares for Holiday Season - 464 views

Roofing Contractor – Footbridge Media Launches Portal About Roofing Types, Repairs An - 349 views



Previous News

Next News

Are you a Journalist?


For Businesses ...


Tutorial on Free Marketing




  1. SiteMap
  2. Contact PRLog
  3. Privacy Policy
  4. Terms of Use
  5. Copyright Notice