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Assetz comments on the Halifax House Price Index (July)

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“The latest Halifax data shows the UK housing market is back on track following a dip in June as buyers and sellers took stock post-Budget.

“Similarly, the latest Assetz House Price Watch, an amalgamation of the five major UK indices – CLG, Nationwide, Halifax, Acadametrics and Rightmove - reveals strong annual house price growth of 7.2%, with house prices now just 6.8% below their October 2007 peak, rubbishing suggestions that the market is guaranteed to falter in the second half of this year.

“The government’s austerity measures could help dampen house price growth next year, but continued low interest rates and a lack of supply in the property market, particularly the reduction in new build, are likely to continue to drive up prices modestly this side of Christmas and beyond. I still expect to see a modest 5% overall growth for 2010 as the positives continue to outweigh the negatives.”

-ENDS-

Notes to Editors

About Assetz plc

Assetz plc heads up a group of well-known and successful property investment and development companies, delivering carefully selected UK and overseas property as well as property funds, financial planning, education, finance and after-sales service. Assetz offers expertise and peace of mind whether a buyer is seeking an investment or a residential property.

Assetz: 0845 400 9000 or visit www.assetz.co.uk

For further information please contact:

Suman Hughes or Laura Scarrott, The Wriglesworth Consultancy:

020 7427 1400 s.hughes@wriglesworth.com l.scarrott@wriglesworth.com

Chief Executive’s Blog: http://investors.assetz.co.uk/blog/archives.php

This is a press release by Assetz also available at http://press.assetz.co.uk/articles/5281.html. Alternatively, please see our full press release archive.

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