http://www.telegraph.co.uk/finance/p...ty-market.html
Gazumping 'returns to London property market'
Estate agents have claimed that would-be buyers are again entering into last-minute bidding wars to secure properties as house prices rose for the first time in 11 months in January.
Charles Peerless, the manager of London's West End and City branches of agents Winkworths, said: "We've had gazumping on two lower priced properties – around the £360,000 mark – in January.
"We had abuse from the buyers because they think the market is dreadful and they couldn't believe they had been outbid," he told The Guardian.
Ed Mead, the director of the London estate agents Douglas & Gordon, told the newspaper his company's Wandsworth branch had seen one buyer attempt to gazump a rival by £50,000.
Well that's it isn't it? Officially it's back to boom. I mean one estate agents says that two properties sold at a higher price. Can't argue with evidence like that.
Gazumping 'returns to London property market'
Estate agents have claimed that would-be buyers are again entering into last-minute bidding wars to secure properties as house prices rose for the first time in 11 months in January.
Charles Peerless, the manager of London's West End and City branches of agents Winkworths, said: "We've had gazumping on two lower priced properties – around the £360,000 mark – in January.
"We had abuse from the buyers because they think the market is dreadful and they couldn't believe they had been outbid," he told The Guardian.
Ed Mead, the director of the London estate agents Douglas & Gordon, told the newspaper his company's Wandsworth branch had seen one buyer attempt to gazump a rival by £50,000.
Well that's it isn't it? Officially it's back to boom. I mean one estate agents says that two properties sold at a higher price. Can't argue with evidence like that.
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