HIPs will hit economy says new research

June 29, 2006
Home information packs (HIP) will reduce the number of housing transactions and could send Britain’s economy into decline, according to new research. Oxford Economic Forecasting, which carried out the research for mortgage lender GMAC-RFC, said that a reduction in housing transactions was inevitable and it predicted two possible scenarios. The first, a 25% fall in transactions, would prompt a 0.5% …

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