Signs of a market boom are starting to reveal themselves, with gazumping, open-house viewings and buying off-plan as evidence.
We shared our perspective on the changing UK property market in a new piece for The Telegraph this week: “Sealed bids are now more prevalent than at any time since the peak of the market in 2007,” Black Brick’s partner, Caspar Harvard-Walls said.
“Some agents use the tactic of pricing a property at a low level to attract competitive buyers. It can often work well for vendors. But the disadvantage is that if the buyer feels they have overpaid there is a greater likelihood of the sale falling through later.”, he continued.
Read the full article here.