The survey also revealed that over two thirds of agents are against plans for Home Information Packs (HIPs) despite the Government’s determination to press ahead with the Housing Bill in 2004.
An overwhelming 77.02% of the agents who responded to the survey stated that they expected house prices to rise, with the majority placing this rise between 2 and 5%, and 27.02% predicting an even larger hike. Only 5.40% believe that prices will fall, with the remainder expecting a static market.
Seasonal Slowdown
With the housing market shutting down for the festive season and homebuyers turning their attentions to Christmas rather than property purchases - transactions, viewings and registrations are all down on the previous months’ figures.
Melfyn Williams, President of the NAEA commented: “We usually expect to see a lull in activity around this time of year, as nobody is keen to be moving house over the Christmas period. Prices, registrations and interest will pick up again in January and we will be on track for another strong year for the housing market.”
Strongly Against HIPs
The survey also allowed agents to air their views on the Government’s proposed HIPs. Over two-thirds of the respondents are strongly or broadly against the packs, with only 12.99% in support.
Melfyn Williams commented: “This survey reiterates the point that the overwhelming majority of estate agents are against the introduction of Home Information Packs. The NAEA believes that the house-buying process does need some reform, but HIPs will become an unnecessary burden on the UK homeowner without achieving what the Housing Bill set out to accomplish.
“We are continuing to urge the Government to look again at the proposals and ensure that the change process moves forwards, but with a more practical solution that will actually speed up the process and make it more transparent.”
