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Evening Standard
Evening Standard
World
Seren Morris

What is gazundering? House buyers reducing offers before exchanging contracts

Housing Market

House buyers are reducing their offers before exchanging contracts

(Picture: Getty Images)

Property buyers are gazundering sellers as the housing market responds to the cost-of-living crisis.

Although it has been a sellers’ market for a few years, rising interest rates mean the market is cooling off and property prices are falling.

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