Scottish Government
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Update on Home Report

Help for house buyers and sellers

The Home Report has cut the number of surveys which buyers have to commission and helped stop artificially low asking prices since its introduction in 2008, according to new research.

The Five Year Review of the Home Report, published by the Scottish Government, shows that both buyers and sellers are positive about the Home Report and that buyers are typically using more Home Reports to inform their decisions than in 2009.

The report makes recommendations to further improve the presentation of information on energy efficiency and house condition, and to clarify the scope and operation of Home Reports.

Housing Minister Margaret Burgess said:

“This research demonstrates a recognition among buyers and sellers that the Home Report is working well and is improving confidence in the property market. It contains evidence that sellers are more confident about their property price and that the Home Report gives them a helpful ‘reality check’ on the condition of their property.

“The research also highlights a feeling from some industry professionals that buyers don’t always fully understand the scope and status of the Home Report. We will now consider the research’s recommendations within our five year review, including looking at whether to make the Home Report shorter, with a one-page summary at the front containing all key information, and if more guidance could be given to sellers and buyers before they begin marketing or looking for homes.”

Notes To Editors

The research can be viewed at: http://www.scotland.gov.uk/Publications/2015/01/6011

 

Channel website: http://www.gov.scot/

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