HIPs 'discouraging house sales'

Home information packs (HIPs) are discouraging homeowners from putting their property up for sale, according to research from the National Association of Estate Agents (NAEA).

Around 10% of estate agents believe potential home sellers would double if the need for packs, which became compulsory in April, were withdrawn, said reports in the Daily Telegraph.

In addition, an extra fifth of those interviewed anticipated available property would increase by as much as 25% if the required packs were out of the equation.

The estate agent association reports that member parties had just less than 70 homes on their books, down from the 84 average from the year previous.

However, Nicholas Green, chief executive of Tangent communications, which produces the packs through its Ravensworth Digital operation, does not see the HIPs as a hurdle.

He said: "We’ve enjoyed growth in that market, but now with the property market as it is, I don’t believe the situation has anything to do with the HIPs being a barrier.

"We speak with estate agents all of the time and not one has come to me and said 'if only the HIPs were not in the way'".

Also see:
Report calls for HIPs to be made voluntary
Printers ready for HIPs boost as second roll-out confirmed