Hips unpopular with buyers

Posted: 07 Aug 2007 17:21:43 GMT


            Property News - Hips unpopular with buyers

Home information packs (Hips) will not speed up the home buying process, according to a new survey.

Home information packs (Hips) will not speed up the home buying process, according to a new survey.

Just one in six respondents said that they believe the packs will speed things up, with two thirds labelling them a 'bad idea'.

A further 33 per cent are confused about Hips and what should be included in them, while 20 per cent believe that their introduction will lead to house prices increasing.

The survey comes one week after Hips were introduced to the house selling process for properties with four or more bedrooms.

Their introduction followed months of wrangling between those in support and those against and the rollout had to be delayed in June as a result of too few energy assessors.

However, the Association of Home Information Pack Providers (Ahipp) is reporting a successful launch.

Mark Goddard, managing director of Thinkproperty, said that his firm's research shows just how unpopular the packs are.

"Clearly the introduction of Hips is not popular with home movers and many think that the government should be doing more to help home owners improve the energy efficiency of their homes," he said.

It was recently revealed by The Hip Exchange that Energy Performance Certificates are currently trading at a price above that estimated by the government prior to the launch of Hips.

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