Sunday, Jul 02, 2006

Ooooh my Hip!

Telegraph: When an inspector calls 'It will be like a doctor examining a patient with their clothes on'

Every night when Paul Taliotis gets home from his job as a carpenter on the building sites of High Wycombe he tries to fit in two hours of revision.

It is hard work, he says, learning how to become a Home Inspector, qualified to carry out the "home condition reports" that will be an integral part of the Government's Home Information Packs (HIPs) when they become compulsory for anyone selling their house from June 1, next year.

Posted by tyrellcorporation @ 08:44 AM (1524 views)
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1. bidin'matime said...

A separate report by the Council of Mortgage Lenders speculates that this will itself distort the housing market, with a glut of homes coming onto the market as sellers try to beat the HIPs deadline next year...

First time Ive seen anyone point out this seemingly obvious impact however, what they dont point out is the corollary of this a fall in prices. Simple economics surge in supply, price comes down.

I wouldnt put it past the government thinking that HIPs will prop up the market by slowing down the rate of sales (which it may do in the longer term), but they havent considered the rush for the door before they come into effect. Looking forward to seeing the outcome of this little ripple, which could turn into a tidal wave.

Sunday, July 2, 2006 10:18PM Report Comment

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