HIPs here to stay
Well 2007 will be remembered in the property industry in England and Wales as the year in which Home Information Pack (HIP) were introduced to revolutionise the home buying and selling process. Unfortunately for HIPs, the rollout has not been managed as well as it could have been and it has coincided with a slowdown in the housing market; this has provided the reactionary forces within the property industry with excellent ammunition to use against Home Information Packs. It is expected that HIPs will continue to come under pressure throughout 2008 and the benefits of the packs will only start to be widely accepted twelve months from now in 2009.