HIPs 29 11 2007 - News Archive

HIPs

HIP’s are due to be rolled out to one and two bedroom properties by mid December. It is believed that this will not be good news for first time buyers who are still waiting to get on the property ladder. It could force some buyers to stay in rented accommodation where rents have also been increasing due to high demand.

This move means all residential property will need a HIP. RICS (Royal Institute of Chartered Surveyors) believe it will see around 300k less properties being put on the market, causing increased demand, higher property prices and no chance for first time buyers.
 
:: Added on: 29:11:2007 ::

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