Wednesday, Mar 07, 2007
Pre-Hips rush expected by agents
www.themovechannel.com: Pre-Hips rush expected by agents
Estate agents haart is expecting the spring market to be boosted with a sudden influx of properties to the market, prior to the introduction of home information packs.
At the moment the London house market has seen prices stabilise, with overpriced properties not selling. The average London house price saw a slight increase of 0.1% in February to £260,375 as buyers remain price sensitive despite a continuing shortage of available stock.
Posted by cash_buyer @ 01:18 PM (161 views) Add Comment
5 Comments
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1. paul said...
Aha, the 0.1% increase returns!
Good to see it back. For those new to this phenomenon, it's an increase small enough not to show up in actual figures terms (and thereby attract the attention of the Bank of England's monetary policy committee), but non-negative so that price falls don't have to be reported.
2. bidin'matime said...
Not seen since 2005, I believe, (the year I STR'd) when the crash should have happened, but was put off by the rate cut in August 2005. Hopefully this time round they wont make the same mistake again...
3. Cheekie Charlie said...
Lets see that sudden influx onto the market with plenty of buy to let, buy to sit, and repos'. + a few more IR rises should do nicely.
4. p. doff said...
Spoke to an estate agent on the subject of HIPS today - asked about the anticipated pre HIPS rush. He said that there were no signs of this and that most of his clients probably weren't aware of it anyway.
The masses are obviously far more interested in the tabloid sports pages and nudie photos!!!
5. tyrellcorporation said...
P Doff, I agree. I can't really see this having much impact at all. Why would anyone stress about getting an 800 quid pack together when their house is worth monopoly money when they come to sell?