Peter Bolton King, chief executive of the National Association of Estate Agents, said: “The housing market has seen a number of positive signs in 2009, particularly an increased demand for property and more sales being completed.
“However this will be unsustainable without a steady supply of housing. HIPs are controversial and in the NAEA’s opinion, relatively useless. That is bad enough, but these figures suggest that professional agents believe that they are actively harming the market.
“The figures are significant because of fears that housing market recovery is being stunted because increased demand for property among buyers is not being matched by a supply of houses for sale.
“The Government should look at scrapping these packs, at the very least until the market has recovered. At that stage they should be reviewed. The NAEA would be happy to offer its professional opinion as to the best way forward.”
Have your say on this story using the comment section below.