2 Sep

Data shows value of Hips, says Ahipp

Data shows value of Hips, says Ahipp

The Association of Home Information Pack Providers (Ahipp) has hailed new research indicating that the packs have helped to reduce transaction times in the housing market.

Research by MyHomeMove, the parent company of Hip provider MyHomeInformationPack, showed that the time from instruction to contract exchange has fallen from an average of 52 days to an average of 39 days in the year to July.

Responding to this, Ahipp director general Mike Ockenden said: "This is yet another example that Hips, even in their incomplete state, are making a real difference to the time taken to exchange contracts."

He added that "a lot more people" would benefit from the packs if everyone in the industry was more customer-focused.

Last week, property services firm LMS stated that Hips had speeded up the process of buying and selling by seven days since they were introduced last year.


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