Bankers’ return sends house prices soaring
…Some owners have delayed putting houses on the market, betting that a Conservative election victory will lead to the abolition of home information packs (HIPs).
This gamble could cost them hundreds of thousands of pounds if they do decide to sell in the summer, according to one buying agent. FrancisLong, of Hanslips, which finds properties for the moneyed, said that owners were being put off by the cost of the HIP-about £500-and the red tape. “It’s an abnormal market,” Mr Long said. “Supply is artificially low.”