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Cancelled Hpis - Good News Surely?

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Cancelled HIPS. Why did so many people think in the VI camps think the introduction of compulsory HIPS would have brought about a housing slump?

To my mind, I am sure that in the run up to HIPS there would have been a glut of properties coming onto the market. However after the introduction there would have been far fewer coming on, & certainly no speculative sellers. On the face of it that might have been a good thing, but the reality is that with no more speculative sellers, there would have been far fewer new instriuctions. The result would have been raging HPI as a result of basic supply & demand mismatch.

Therefore, even for bears, stopping the compulsory HIPS must be a good thing.

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  • 301 Brexit, House prices and Summer 2020

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