Monday, April 9, 2007

What will this do to the so called

Rush to sell homes before cost goes up

Estate agents are predicting a six-week stampede to sell houses, beginning this weekend, as anxious owners try to avoid paying for the controversial new Home Information Pack.The Easter weekend traditionally kicks off the house-hunting season, but experts say the market is being driven artificially because anyone selling a property after June 1 will have to provide prospective buyers with a Home Information Pack (HIP). The looming deadline, coupled with the Bank of England's decision on Thursday to keep interest rates pegged at 5.25 per cent, has prompted fears that the market will be flooded in the short term.

Posted by cash_buyer @ 08:19 AM (450 views)
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