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Evening Standard
Evening Standard
Business
Ella Jessel

Return of ‘gazundering’ tactics on London house sales indicates property market is cooling

House buyers in London are ‘gazundering’ sellers by demanding thousands off an agreed sale price just before an exchange is about to take place.

According to property experts this latest wave of gazundering, also called ‘price chipping’, is gathering pace as the housing market slowly begins to respond to the UK’s wider economic problems.

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