Thursday, Jul 27, 2006

RICS critiques Australia HIPs model

Real Estate Enthusiast: Real Estate Enthusiast

The Royal Institution of Chartered Surveyors (RICS) has sternly criticised the UK Governments decision to scrap the Home Condition Report (HCR) from Home Information Packs (HIPs). They claim that the Government failed to allow sufficient time to iron out the problem of training adequate numbers of Home Inspectors - an issue the RICS identified over a year ago.
"If the Government had worked together with industry, as suggested, a workable solution would have been possible" the influential body stated in a press release.
RICS research into the effect of HIPs on the UK housing market suggests the Governments decision leans towards the low-regulatory model used in Australia where their version of the Home Information Packs are compulsory, but the HCR equivalent is not. The Australian model is a low cost approach to simplify the home buying process, and when introduced back in June 1988 had no effect on housing market activity.

Posted by harvey @ 07:47 PM (594 views)
Add Comment
Report Article

No comments have been submitted.

Be the first person to add your comment by completing the form below.

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies