Trade and representative bodies representing law, investigation, real estate companies and property management departments (including transfer associations) have initiated the sixth iteration of Baspi – a dataset of real estate information for buyers and sellers.
The BASPI, developed by the Housing Sales Commission (HBSC), is a “single source of truth” data set, designed to include all the information required for the property when it is put on the market for sale.
It is divided into two parts, Part A covers the disclosure of material information required by regulations, while Part B includes other information required for legal proceedings. The information provided in BASPI allows sellers to ensure that their property has both “market ready” and “sales ready”.
This new version of BASPI introduces some tweaks to existing and new issues, focusing on electric charging points, flat roofs, properties, energy efficiency remodeling activities, and more information about any planned licenses and any heating system installations.
