27 Mar

Hips 'have not been negative'

Hips 'have not been negative'

Home information packs (Hips) have not had the negative impact that many people predicted on the property market, it has been claimed.

Director general of the Association of Home Information Pack Providers Mike Ockendon stated that the market has not been dented by the presence of the packs.

And he suggested that current problems being witnessed on the market are there because "people aren't coming out to buy".

Mr Ockendon added that the main purpose of Hips is to try and reduce the number of deals that fall through between acceptance offers and contract signing and that they have not "materially" impacted on the market.

"We're not there to try and fix the 41 per cent of buyers who didn't find anything out to cause them to change their mind, we're there to try and fix the 25 per cent of transactions that fall through," he commented.

Since December 14th last year, all homes entering the property market need to have a Hip to inform potential buyers about energy efficiency, among other aspects.ADNFCR-1222-ID-18525217-ADNFCR

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