Beware gazumpers?

A poll of 1,008 home buyers found that a quarter of them had been gazumped with London being the worst offender where almost two thirds of buyers have been gazumped. The table below shows that the rest of the country is less affected by the phenomenon. The fall in demand and competition may be seeing house sellers opting for a last minute higher offer, at the expense of the existing buyer.

Region                   Yes       No         Don’t Know
London                  66%     32%             2%
North East            22%     78%             0%
North West           21%     79%             0%
Midlands               21%     79%             1%
South West           19%     81%             0%
East Anglia           15%      78%           6%
N Ireland              15%      82%           3%
Yorkshire             10%      86%           3%
Wales                    10%     90%           0%
Scotland                8%      90%           2%
South East            7%       93%           0%

Knowledge is Key

Make sure you know all the steps in buying a property, check out our guide here.