Thirteen days ago, the Lib-Dem Conservative Coalition culled the HIP industry overnight. Thus far, the response from from estate agents has been overwhelmingly positive, with many citing a surge in the number of houses going to market. However, the ten thousand or so workers directly involved in the HIP industry have been left facing bleak and uncertain futures. Below is a brief selection of articles covering varying viewpoints of the fallout.
HIPs are history, but does that help the housing market?
An insightful article featured by My Introducer. It contends that the initial boost gained from the removal of HIP's may be short-lived, as structural, deep-rooted problems still affect the housing market's recovery.
Housing market benefits from scrapping of Hips
Nine days after the abolishment of HIP's, this article from the Telegraph details Countrywide Estate Agent's claim that they have seen a 34% rise in the number of instructions. Is this increase a post-election pick-up or all down to HIP's demise?
Given that Energy Performance Certificates will remain, many HIP's providers might be considering taking up roles as Domestic Energy Assessors (DEAs). Concerned by the likelihood of increased competition, this article from the Institute of Domestic Energy Assessors urges anyone considering training as a DEA to think again.
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