Helping Innovate Property (HIP) – Blog, Housing Market News and Articles

House prices were 10.1% higher in April 2010 than in April 2009, gaining 0.4% during March 2010 alone.

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Estate agents Countrywide and property portal Rightmove say they have seen a 35% increase in new properties for sale since the coalition governement announced HIPS were suspended, on 21 May.

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After a tough couple of years for the UK property sales market, it has been reported healthy figures so far for 2010. They are seeing residential properties for sale remain on a steady footing and in some cases even return to peak levels last seen in 2007 which results in a confident outlook for the rest of the year.

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Grant Shapps would have hoped that the contentious issue of Home Information Packs would have quietly slipped away into the background. However, this doesn’t seem to be the case.

Yesterday, both Hywel Williams MP and the Institute of Domestic Energy Assessors slammed the coalition governments handling of the HIP suspension.

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We would like to take the opportunity to thank all our past Home Information Pack clients. It has been rewarding helping you to speedier transaction times, smoother exchanges, … STOP IT,  its gone.

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Despite recent rumours and ill informed articles to the contrary, it is still ‘business as usual’ in the HIP industry – for now at least. Since the new Government confirmed that they planned to scrap HIPs whilst retaining the Energy Performance Certificate (they have no choice in this – it’s required by European Directive), there has been constant talk about if and when the requirement for a Home Information Pack will be abolished.

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The Conservative and Liberal Democrats have published their initial coalition agreement which will be followed in due course by a final coalition agreement.

The Lib-Con Coalition Agreement published makes reference to Energy Performance Certificates and Home Information Packs under section 11 on the environment.

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Today has seen a development in the outgoing Property Professionals administration process; Stroma have been chosen as the training provider to continue exisiting candidates’ training.

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The recent OFT report into estate agency has led Gary Smith, president of the National Association of Estate Agents (NAEA) to write an open letter to the Office of Fair Trading regarding possible loosening of regulations to further facilitate the involvement of Tesco in the property market.

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Since the ‘renowned’ training provider Property Professionals went into administration there has been a flurry of people and organisations offering advice, guidance and support.

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The property market is starting to recover from the recent housing crash witnessed and experienced around the world. However, it is a start of a recovery and certainly in our minds has not ‘recovered’ as some would like us to believe will happen very shortly or has actually happened and we just missed it.

The economic meltdown caused by the banking crisis will no doubt continue to affect the property market for some time (unless it was really caused by the introduction of HIPs) though the phoenix could rise out of the flames with some new and improved solid foundations. This possibility does potentially bring some questions to the forefront;

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