UK estate agents are against the introduction of new rules on home information packs (Hips), according to a new survey by the National Association of Estate Agents (NAEA) .
The NAEA said its findings showed that estate agents do not agree with new measures that require Hips to be in place before homes can be put up for sale, and labelled them as "pointless".
Just under two thirds (65 per cent) of estate agents questioned believed the new rules would discourage sellers from putting their properties on the market, while 89 per cent did not think they would benefit buyers at all.
Previously, homeowners were allowed to put a property on the market as soon as they had ordered one of the packs and could continue to do so for 28 days before it arrived.
NAEA chief executive Peter Bolton King said: "It is extremely worrying that the Government is pushing ahead with an ill-judged and unpopular scheme that, in the opinion of UK property professionals, will actually slow the market down.
"It reflects stubbornness on the part of the Government and a reluctance to admit that Hips in the main are pointless and expensive - and according to their own figures, ignored by the very people they claim benefit from them."
Under the new rules, which came into force on Monday, vendors and estate agents must also include a Hip and a PIQ (Property Information Questionnaire) when putting a property on the market, or risk facing fines of £200 or more.
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Estate Agents Oppose New Hip Rules Wed, 08 Apr 2009
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