HIPs... zombies that just won't die
They cling to life like their starring in a horror movie. And - more importantly - so do HIPs providers. Their last hope... a Labour-LibDem alliance, with the LibDems "conceding" on the (relatively trivial) Home Information Pack, in return for more important policy influence. For the housing market in general, I believe it's possible to only speculate. Political uncertainty is said to result in a wait-and-see approach to moving house and taking on greater debt. So a slower property market's a distinct possibility. Most interesting will be the combined effect of the current political confusion and the wider economic emergency. Would a lack of faith in the UK's ability to make decisions make borrowing harder for the Government and bring on those so-called "austerity measures"... and their effects on jobs (and house prices)? An interesting weekend awaits...
Technorati Tags: property, real estate