What a tempestuous year it has been so far. If the elements, including snow and volcanic ash, were not enough to bring a level of uncertainty to the conveyancing market place this year, try adding a general election and a football world cup!
With David and Nick forming the first coalition government for more than 80 years we look ahead to see what this government has in store for the housing market and the investors that have driven it through the last few years.
The new government certainly hasn’t been slow to act in the removal of Home Information Packs. Some would say that their decisive action in suspending HIPs on the 21st of May was as reckless as the legislation was flawed, with potentially thousands of jobs lost as a result. I firmly believe that quick, decisive action is always necessary as far as the housing industry is concerned. If you are going to do it – do it. Delaying the inevitable would have certainly effected the market with vendors delaying putting their properties onto the market pending the abolition of HIPs.
It is definitely going to be a very interesting year for the housing industry, as
we wait to see what the new Housing Minister, Grant Schapps, has in store for us and the effect that these housing policies will have on the property market in terms of activity and prices.
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