News

Gazumping Is Back As House Prices Rise - Daily Express March 06

Britain is the gazumping capital of Europe with millions of house hunters losing their dream homes.

And property experts last night warned the situation is going to get worse as demand for homesoutstrips supply.

Gazumping happens when, after accepting an offer from one buyer, a seller decides to go with a new, higher offer.

In the UK 3.3 million buyers get gazumped every year as they wait to get on, or move up the property ladder. The true extent of the scandal was revealed in a Europe wide study published today.