New government gives the housing market a boost
The new Coalition Government is already making changes that will have a positive effect on the housing market. On 20 May, just a week after coming to power, they announced that vendors will no longer need to have a HIP (Home Information Pack) in order to put their property on the market.
The requirement to have a HIP prepared before putting your home on the market has been suspended with immediate effect while permanent legislation to abolish it is prepared. This is great news for prospective sellers as it will reduce their costs and speed up the process of getting homes on the market.
We’re finding that, as long as properties are priced correctly, the market is still buoyant. Over the past month we’ve been receiving high levels of enquiries and making regular sales of properties across the pricing spectrum.
On the lettings side we’ve seen an increase in enquiries from overseas tenants coming over here for work, to complete or start projects that were mothballed over the past 12-18 months due to the economic conditions. We’re keen to take on more quality rental properties in all price ranges.
If you have a high quality property to sell or let, or if you’re looking for a new nest to settle in, give us a call on 0118 960 1000 or pop into our office on Friar Street.
Steve Woodford
Managing Director
Posted on Thursday 17th June 10
