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February 8, 2010

AHIPP claims Hips are benefiting housing market

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by Kay Mitchell

AHIPP claims Hips are benefiting housing market

The Association of Home Information Pack Providers (AHIPP) has today claimed that Home Information Packs (Hips) are benefiting the housing market.

According to the Government, Hips were introduced to speed up the home buying and selling process.

However, the controversial packs have long been branded “a waste of time” by critics since their inception in August 2007 and can cost anywhere in the region of between £200 and £400.

They were introduced in August 2007 and many believe they have contributed to the fall in house prices and many estate agents have frequently called on the Government to review the packs.

However, a report from Connells Survey and Valuation has led AHIPP, the body that represents Hip companies, to claim that Hips have not hindered the housing market.

Ross Bowen, managing director of Connells Survey and Valuation, said there were 9% more valuations in January compared with the same month a year earlier.

Mr Bowen said that it was the fifth month in a row that monthly valuations activity was higher than that of the same month in the previous year.

Mike Ockenden, director general of AHIPP, said the report “clearly negates claims that the property market is in any way adversely affected by Hips”.

Mr Ockenden adds: “We will work tirelessly in the coming months to ensure that the truth about Hips and their role in the buying and selling process is getting to the people that count – the British electorate.”

Shadow housing minister Grant Shapps has been negative about the packs and has blamed them for slowing the property market.

If the Conservative party wins the next general election, it has pledged to scrap the packs “in a matter of weeks” after coming to power.

Many industry bodies, in particular the National Association of Estate Agents who have been against the packs since day one, have claimed they are a “failure” and are “costly and unnecessary”.


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