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The effect of Hips on the property market Print E-mail
Home Inspection News
Sunday, 20 January 2008

What effect has the introduction of home information packs (Hips) had on the housing market, and will their impact grow or diminish in the coming months? Few issues have caused as much wailing and gnashing of teeth as Hips. The Royal Institution of Chartered Surveyors (Rics) fought hard against them, seeking a judicial review ahead of their introduction because of a lack of proper consultation. Many of the surveyors contributing to the gloomiest Rics house-price survey since 1992, published last week, put some of the blame on Hips. The National Association of Estate Agents remains opposed, even though Hips have been required since December 14 for the sale of all properties.

 
Government retreat blamed for Hips delays Print E-mail
Home Inspection News
Monday, 07 January 2008

Poor preparation and a failure of nerve by ministers are to blame for the "long and torturous" introduction of controversial home information packs (Hips), an influential group of MPs will say today.

 
House prices drop by 3.2% 'on Hips effect' Print E-mail
Home Inspection News
Sunday, 30 December 2007

UK house prices fell by 3.2% in December, as seasonal factors and the full roll-out of home information packs (Hips) took their toll on an already slowing market, property website Rightmove claimed today. The website's latest survey of asking prices showed a dramatic fall from an average of £239,986 in mid-November to £232,396 this month.

 
House buyers plan to use HIPs to drive a hard bargain Print E-mail
Home Inspection News
Monday, 17 December 2007

Home Information Packs have become the latest handy weapon for house buyers looking to knock thousands of pounds off asking prices.

According to a survey of 1,557 people by Hyder Consulting Environment and Home Survey, nearly half of all buyers said that they are ready to use the energy report in the HIP to demand a discount on the asking price. And 14 per cent of those surveyed said a poor energy report would make them think twice about buying in the first place.

 
Anger as Labour breaks HIPs vow Print E-mail
Home Inspection News
Monday, 17 December 2007

Ministers have come under fire from the House of Lords after bringing in Home Information Packs (HIPs) for all properties last Friday. The House of Lords select committee on HIPs, led by the Labour peer Lord Filkin, criticised the Government for breaking a promise not to roll out HIPs before scheme trial results had been published.

 
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