Jump to content
House Price Crash Forum
Sign in to follow this  
Guest muttley

Are Hips Bringing The House Down?

Recommended Posts

Guest muttley

Are HIPs Bringing the House Down?

Fifty-three per cent of chartered surveyors reported a drop in the number of four-bedroom houses put up for sale in August, compared with the same month last year. The average reported drop was 51 per cent - rising to 67 per cent in London and 62 per cent in the North-West.

Well that's the kite flyers taken care of. How will EAs survive if this goes on?

Share this post


Link to post
Share on other sites
Are HIPs Bringing the House Down?

Well that's the kite flyers taken care of. How will EAs survive if this goes on?

I think that the HIP's are being used as an excuse for faltering house prices. As if anyone selling a £200k+ house is really going to baulk at having to pay £700 for one of these packs (Less than 1% of house price) all just trying to cover the complete balls up that has been allowed to continue for the last few years

Share this post


Link to post
Share on other sites

I'm just not sure if this 53% figure carries any meaning unless we can get a graph of the number of 3 bedroom + 'other room' houses that have appeared on the market at the same time.

I found this site on HIP avoidance. It's chaotic but I guess it carries some truths. They seems to suggest describing a house as having 'N' upstairs rooms avoids the need for the HIP. I guess alongside a plan of the house for each floor it would be pretty self-evident what the purchaser is getting.

Share this post


Link to post
Share on other sites
Guest muttley
Wasn't there a thread about 4 beds suddenly becoming 3 beds ?

As from tomorrow those 4 beds will have to become 2 beds + 2 studies to avoid the HIP. It has always been the intention of the government to introduce HIPs for all residential property. They agreed to stagger the introduction after complaints from RICS.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 356 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.