(1888PressRelease)
May 28, 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.
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