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Toastie

Estate Agent Says Hips Will Cause House Price Crash

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Paul Smith, chief executive of Spicerhaart Group said the packs will be responsible for a repeat of the 1991 house price crash.

Nothing to do with the average property costing nearly 10 times the average wage, what a complete ***king c**khead.

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Guest d23
We are calling for the government to allow interim energy assessments to be used for all properties. These can be carried out by estate agents using a simple computer model, very much like that used by mortgage lenders to estimate property values

yup that really sounds fair and above board :rolleyes::rolleyes::rolleyes:

this kind of squealing and posturing (much like the RICS legal action against HIPS) the day before it gets debated in the commons is so transparent

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Hold on one darn minute there! Weren't the VIs telling us not long ago that there weren't that many properties coming on to the market in any case, so what's the beef? Or do they mean, once the stampede for the exits commences in earnest, HIPS will only serve to further panic the herd?

If it's none of the above, perhaps they're trying to warn us that once all the trees have gone because of HIPS (Kirsty Allsop), that many will die due to a lack of oxygen, thus freeing up more houses? :D

Maybe HIPS will trigger it. A concerted move toward the exit at a time like this could turn into a stampede, no matter what the initial cause.

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HIPs does seem to have caused quite a large number of poperties to market recently:

Findaproperty.com total availability

2007
Search 245,319 properties for sale and rent from 4,957 estate agents 17th January
Search 266,562 properties for sale and rent from 5,288 estate agents 17th February
Search 283,092 properties for sale and rent from 5,469 estate agents 17th March
Search 306,042 properties for sale and rent from 5,673 estate agents 23rd April
Search 311,107 properties for sale and rent from 5,776 estate agents 2nd May
Search 314,137 properties for sale and rent from 5,780 estate agents 8th May
Search 320,190 properties for sale and rent from 5,821 estate agents 15th May
According to Findaproperty, a new multiple branch agent was signed up in February. The wide variations in the number of EAs reporting is reflecting multiple branches within an EA organization reporting in with increasing numbers of available property. The large swings in the number of agent reporting are also due to individual policies of each EA signed up with Findaproperty. Some EAs report all new listings through one branch and others leave reporting to the individual branch. Thus, the figures are an indication of increasing supply only and are not an indication of more or less business per agent. The totals can vary from minute to minute as EAs upload.

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Guest d23
HIPs does seem to have caused quite a large number of poperties to market recently:

Findaproperty.com total availability

2007
Search 245,319 properties for sale and rent from 4,957 estate agents 17th January
Search 266,562 properties for sale and rent from 5,288 estate agents 17th February
Search 283,092 properties for sale and rent from 5,469 estate agents 17th March
Search 306,042 properties for sale and rent from 5,673 estate agents 23rd April
Search 311,107 properties for sale and rent from 5,776 estate agents 2nd May
Search 314,137 properties for sale and rent from 5,780 estate agents 8th May
Search 320,190 properties for sale and rent from 5,821 estate agents 15th May
According to Findaproperty, a new multiple branch agent was signed up in February. The wide variations in the number of EAs reporting is reflecting multiple branches within an EA organization reporting in with increasing numbers of available property. The large swings in the number of agent reporting are also due to individual policies of each EA signed up with Findaproperty. Some EAs report all new listings through one branch and others leave reporting to the individual branch. Thus, the figures are an indication of increasing supply only and are not an indication of more or less business per agent. The totals can vary from minute to minute as EAs upload.

not going to take the bait RB, you only succeed in making yourself look desperate banging on about FaP's figures <_<

change the record..........

Edited by d23

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Hold on one darn minute there! Weren't the VIs telling us not long ago that there weren't that many properties coming on to the market in any case, so what's the beef? Or do they mean, once the stampede for the exits commences in earnest, HIPS will only serve to further panic the herd?

If it's none of the above, perhaps they're trying to warn us that once all the trees have gone because of HIPS (Kirsty Allsop), that many will die due to a lack of oxygen, thus freeing up more houses? :D

Yes it only seems a fortnight ago that I was reading that EAs had a desperate shortage of property and it was going to get worse when HIPs came in as 'speculative' sellers would withdraw from the market thereby driving prices up even further. The VIs said this would be very bad for FTBs. Now it seems that there are too many properties can that be bad for FTBs as well?

Which is the right answer: HIPs will cause a shortage of property or a glut or is it actually none of these because they are actually irrelevant to the decision whether to sell or not - but interest rates and the availbility of credit are!

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"The head of a major estate agency firm has said the implementation of home information packs (Hips) in June will cause a house price crash. "

Maybe it's my imagination but a year ago I'm sure the word crash was never mentioned except on this site.

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HIPs does seem to have caused quite a large number of poperties to market recently:

Findaproperty.com total availability

2007
Search 245,319 properties for sale and rent from 4,957 estate agents 17th January
Search 266,562 properties for sale and rent from 5,288 estate agents 17th February
Search 283,092 properties for sale and rent from 5,469 estate agents 17th March
Search 306,042 properties for sale and rent from 5,673 estate agents 23rd April
Search 311,107 properties for sale and rent from 5,776 estate agents 2nd May
Search 314,137 properties for sale and rent from 5,780 estate agents 8th May
Search 320,190 properties for sale and rent from 5,821 estate agents 15th May
*yawn* BS (bear s) a 5 year old immigrant can work out the staggering increase of properties per agent
:P

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*yawn* BS (bear s) a 5 year old immigrant can work out the staggering increase of properties per agent :P

Still way below the numbers that caused the blip the other year. My local '1/2 mile radius' survey 2 years ago was about 100 properties on the market. Earlier this year it was down to 30. We're now in the high 40s. I don't think any bears should start breaking out the champagne yet.

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