HIPs launch 'will damage 3-bed market'

However, other organisations say the roll out of HIPs for three bedroom properties is confirmation of the schemes validity and the Government’s commitment to HIPs. An NAEA survey, carried out following the launch of HIPs on 1 August, found almost two thirds of NAEA members reported a drop in the number of larger homes on their books, with an average decrease of 37%. The results of the survey suggest most homeowners are staying out of the market to avoid HIPs. Peter Bolton King, chief executive of the NAEA, comments: “Our concerns have always been that the introduction of HIPs would lead ...