The drop in house prices and the desperation of some homeowners to sell before prices fall any lower is resulting in many buyers getting a raw deal on the value of their home, as buyers take advantage of the difficulties in the housing market by engaging in a practice known as gazundering. Whilst not illegal, this practice is seen as highly unethical but a number of buyers are trying their luck in the hope of being able to pick up a property at a bargain price. (more…)
Tags: gazundering, london homes