HIPs depress housing market

Typical 4 bedroom property

Estate agents are claiming that the sale of 4-bedroom homes has been depressed by the introduction of Home Information Packs (HIPs).

The packs, introduced at the start of August for houses for sale in England and Wales with four or more bedrooms, are being blamed for a slump by the property website Rightmove. Its September House Price Index said there had been a 41% fall in the number of homes with four or more bedrooms coming on to the market, down from an average of 40,000 a month to 23,400.

View the report here