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Tuesday, May 25, 2010

HIPs suspension boosts market

Was it the sun or was it the suspension of HIPs? No one knows for sure but agents were certainly reporting an upward tick of activity over the weekend.

Robert Scarff, managing director of Countrywide’s estate agency division said: “Feedback from our network of 34 managing directors reveal that there was a noticeable increase in activity over the weekend. Sellers are becoming more receptive and we’re already seeing more requests for market appraisals to help with the ever growing buyer demand. Our branches are also reporting that sellers who were in two minds about putting their property in the market are now doing so – it appears that the suspension of HIPs is already having the desired effect and giving the market the boost it deservedly needs.”



Specialist landlord insurance


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1 comment:

Anonymous said...

Is the saving of £300 on a HIP really going to persuade someone to sell? Hardly.

The resi market in Scotland is doing well and they have retained their vesion of the HIP (which includes a surveyor's report too). If HIPs were so bad then surely sales north of the border would be slower.