HIPS hinder market

The market-wide introduction of home information packs (Hips) has failed to improve conditions in the UK housing market, it has been claimed.

Hips were introduced to streamline the process of home sales in the UK, allowing entrants to the market access to relevant information which it was hoped would speed up home sales.

However, according to research from estate agent Hamptons International in the fact the reverse has occurred and they have prompted stagnation in the market.

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HIPS hinder market