RICS

The defeat of a Conservative Party parliamentary motion to annul legislation introducing Home Information Packs has been welcomed by the housing industry.

Plans for a judicial review of the implementation of Home Information Packs (HIPs) have been dismissed as a "groundless challenge" by the Department for Communities and Local Government (DCLG).

House prices bounced back in March as the market absorbed the first round of interest rate rises, according to the Royal Institute of Chartered Surveyors.

Has no-one a good word to say about home information packs (HIP)? The government is facing a barrage of criticism from almost every quarter that has some connection with their introduction in a couple of months' time.

House prices are rising at their slowest pace since last June, giving further signs the nation's booming housing market may be running out of steam, reports the Guardian.

There is still strong growth in the market for loans and bridging finance secured against homes, Bank of England analysis of banking deposits suggests.

Schroders will try to fight back into the institutional market this month with a fund which allows small pension schemes to replicate the investment strategies of giant final salary schemes, according to the Times .

A first time buyer couple will have to save up to the equivalent of 81.8% of joint take home pay to be able to afford upfront buying costs on a typical home, according to the Royal Institute of Chartered Surveyors.

House price inflation reached a plateau in November but market conditions remain strong, according to the latest housing market survey from the Royal Institute of Chartered Surveyors.

Mortgage lending hit a three-year high of £9.8bn in October, according to the latest figures from the Bank of England.