Tuesday, March 26, 2019

‘Gazundering’ Hits House Prices in U.K. Property Market - Bloomberg

‘Gazundering’ Hits House Prices in U.K. Property Market - Bloomberg



...Gazundering, where a buyer lowers their offer for a home at the last minute, is becoming a growing problem, according to a report.

Some 45 percent of people surveyed think gazundering is a serious problem, up from 40 percent when similar research was carried out last year.
Gazundering can happen just before a sale is set to go through, with sellers sometimes feeling under pressure to accept the lower price to stop the deal collapsing.

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