Step by step, slowly but surely, Home Information Packs are entering our lives and, although it is probably too early to assess their long-term impact on the market, anecdotal evidence suggests that, so far, they have been largely perceived as negative.
As expected, there was a surge in 4 bedroom properties coming onto the market in order to beat the 1st August implementation deadline, and a further, lesser, surge before 3 bedroom properties came into the regime on 10th September. The subsequent decrease in properties coming on sale was widely expected, and the impact of the ‘credit crunch’ has added to this number, at least in the short term. Post implementation market research shows that the public are still largely unaware of the new regime. Neither do potential home-buyers perceive any real benefits, with less than 10% of prospectiv...
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