Home information packs and home condition reports may finally be introduced in the next Parliamentary year with the inclusion of the Housing Bill in the Queen's Speech.
The packs will require a seller to compile information about the property. Supporters say this will deter gazumping but critics believe that the information will become rapidly outdated and say the packs will increase the cost of buying and selling a house.
The National Association of Estate Agents says it continues to share the concerns raised by the Treasury select committee over sellers' packs and has urged the Government to listen to the industry before finalising its proposals.
Chief executive Peter Bolton King says: “From this scant mention, it is difficult to ascertain the Government's intentions in pressing ahead with the introduction of home information packs and the more controversial home condition reports. The association has always pointed out flaws in bringing in Hips, which ultimately may not speed up the housebuying process and will certainly increase costs to sellers.”