The amount of properties being put on the market had started to decline in June when the HIP was not a part of the selling process – a fact not put forward in the NAEA’s and Royal Institution of Chartered Surveyors’ arguments.
With most estate agents going on a big ‘market before the HIP’ campaign, no wonder there were fewer properties being placed on the market in August and September. Couple this with the fact that sellers now have to think twice before putting their properties on the market due to the financial consequences, we are now seeing less ‘toe dippers’ – something the HIP was designed to prevent.
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