The Carsberg Review of Residential Property will be chaired by Sir Bryan Carsberg, former director general of the Office of Fair Trading, and will focus on the standards, regulation, and redress of the residential sector and the buying and selling process.
Particular attention will be given to Government intervention in the property market with a key focus on the frameworks surrounding Home Information Packs and Energy Performance Certificates.
Carsberg says recent government initiatives raise interesting questions about attitudes to the residential property market.
He says: “The frameworks surrounding Home Information Packs and Energy Performance Certificates have introduced significant new regulatory and redress structures into relatively low risk aspects of the property transaction while leaving consumers in other parts of the sector, that may carry higher risks, apparently exposed.
“This contrasts with the government’s approach to regulation elsewhere, particularly in the financial sector, where a more holistic approach to the control of risk has been adopted.”