Home information packs 'speed up' market Published: 14/08/2008

Home information packs help speed up the time it takes for buyers to move into a new property, according to a new study.

Research by the Association of Home Information Pack Providers found that the packs cut 12 days off the time it takes to complete contracts in the housing market process.

Representatives of the association say the packs are providing "real benefits" to homeowners after they were first launched last summer.

Paul Broadhead, deputy director general of the Association of Home Information Packs, said despite the fact that the pack process has not yet been finalised, they are still having a "positive impact on the market".

He said: "Consumers are benefiting from faster transactions, reduced stress, cheaper searches and better protection.

"With more consumer-friendly information in packs from the beginning of next year along with the ending of estate agents marketing homes without packs, the benefits will be increasingly obvious for all to see."

But it is not all praise for the home information packs, with some industry commentators suggesting they have a "crippling effect" on the property market.

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