1 Jun

Govt 'should assess HIPs, following positive property results'

Govt 'should assess HIPs, following positive property results'

Now could be an ideal time to analyse some of the current property market legislation, according to the National Association of Estate Agents (NAEA).

Positive results relating to the housing industry - such as recent figures released by Nationwide Building Society and the NAEA itself - should be followed by a government assessment of the home information pack (HIP) system, the national body said.

The group added that the processes involved in stamp duty represent another area that could be readdressed.

A statement from the NAEA said these parts of the sector "dampen activity across the market, particularly for first-time buyers".

Commenting on the state of the industry last month, chief executive of the association Peter Bolton King said: "What we are beginning to see now are consistent positive indicators that have held firm or improved since the beginning of the year."

He added that, even though six months ago people were saying people's attitudes to property ownership had changed for good, the NAEA felt demand for bricks and mortar remained strong.

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