Estate agents voice opposition on new Hip rules

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Estate agents voice opposition on new Hip rules

Estate agents are opposed to the introduction of new rules on home information packs (Hips), according to a new survey.

The National Association of Estate Agents (NAEA) claims that 89 per cent of property professionals do not agree with new measures that require Hips to be in place before homes can be put on the market.

Such measures will not benefit buyers, respondents claimed, while 65 per cent went further to suggest that the rules will discourage sellers from putting properties on the market.

The NAEA believes the government should put the Hip scheme on hold during the recession.

"It is extremely worrying that the government is pushing ahead with an ill-judged and unpopular scheme that, in the opinion of UK property professionals, will actually slow the market down," said Peter Bolton King, chief executive of the association.

Among the changes are the introduction of a new property information questionnaire and the removal of the first day marketing rule, which allowed sellers to put a home on the market after applying for a Hip.

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