(1888PressRelease)
May 23, 2007 - A survey by Communities and Local Government (CLG) found annual house price inflation in March to be 10.9 per cent, down from February's equivalent figure of 11.8 per cent.
"England, Scotland and Wales saw decreases in inflation in March 2007," the Department for Communities and Local Government (CLG) report stated.
"The inflation rate in England fell from 10.7 per cent in February to 9.8 per cent in March; the inflation rate in Scotland fell from 16.6 per cent to 14.8 per cent; in Wales the rate fell from 10.7 per cent to 9.7 per cent.
"Northern Ireland was the only home country where the inflation rate rose, from 48.5 per cent to 50.1 per cent."
Recent rises in interest rates have acted to cool demand in recent months, and many analysts have predicted further hikes in the near future.
Julian King, Director of National Homebuyers says, "As a result, many existing British homeowners are struggling with affordability. Many, many more are relieving their financial pressures by selling their homes to National Homebuyers, and then renting it back.
"Our Sell and Rent Back solution is finding an increasing number of welcoming arms from those who are concerned over the short to medium-term effect of these price inflation decreases. The option is an effective way to release equity in the home, while remaining living there.
National Homebuyers statistics show the East Midlands being most affected by the inflation decreases.
For more information about the solutions available through National Homebuyers
please log onto www.nationalhomebuyers.co.uk
or call 0870 979 8188
