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, new research has found.

Published by the Scottish Government, the Five Year Review 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 the research demonstrates a recognition among buyers and sellers that the Home Report is “working well and is improving confidence in the property market”.

She added: “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.”

RICS Scotland welcomed the publication and said it will continue to work closely with the Scottish Government to ensure that the recommendations are implemented effectively.

Sarah Speirs, director RICS Scotland said: “It is encouraging to see the research indicating the Home Report’s success in meeting its original objectives, and we welcome the proposal of further objectives regarding energy efficiency. Careful consideration will be required on how best to incorporate this together with the changes to energy report classification.

“The incorporation of a front page summary and key findings section should also help to provide clarity for the buyer and make the report more user-friendly for the consumer and we welcome this recommendation. As a public interest body we have always been fully supportive of potential purchasers being able to access free upfront information on the condition and value of a potential property prior to purchase and we will work with the Government and other key stakeholders to ensure that that the buyer and seller experience of the Home Report continues to be a positive one.

“The reintroduction of the Home Report Implementation Group will also allow for a more robust approach to conflict resolution and we look forward to working with the Government and other partners on this issue.

“Home Reports are carried out by chartered surveyors who are amongst the most highly regulated professionals in the UK. When carrying out survey reports, RICS members must adhere to a strict mandatory set of valuation standards which are internationally recognised, carry professional indemnity insurance, be a member of RICS’ Valuers Registration Scheme, have in place their own complaints handling procedure, be a member of a 3rd party redress scheme and undertake mandatory CPD. On top of this, they must also adhere to RICS’ own strict rules of conduct. The robust regulation of our members will continue to be upheld in relation to the changes as they are integrated.”