Evening standard - Housing bosses' anger as November Budget is axed
Trevor Abrahmsohn, managing director of North London estate agent Glentree International, urged the government not to neglect the sector.
Gazumping and Guzendering have long been a buyer's and seller's worst nightmare (if they are the ones losing out). At the moment, sellers in England and Wales can change their mind late in the day if they get a higher offer - gazumping. And an offer can be withdrawn by the buyer at any time until contracts are exchanged , leading to guzundering - a purchaser demanding a last minute price reduction. "The principle is sound, in that buyer and seller both need 'skin in the game' when they have agreed a deal and the conveyancing is being processed" says Trevor Abrahmsohn, founder of Glentree Estates, a high-end North London estate agency.
New trial will see buyers and sellers pay a fee of up to £1,000 in an attempt to stop gazumping, says Helen Crane. "The twin evils of gazumping and guzundering send buyers' and sellers' blood pressure through the roof, whilst mugging their bank accounts, " says Trevor Abrahmsohn, who runs North London property agent Glentree Estates. "Anything that can ameliorate this pain must be encouraged."
Hampstead Garden Suburb, Temple Fortune and Golders Green have always been stable areas for purchasers. Even though an economic downturn, properties in these areas will retain their values, due to the plentiful amenities that the areas provide - from the 800 acres of Hampstead Heath, to the shops and restaurants, and the quick connections into central London.
Trevor Abrahmsohn , managing director of Glentree, is selling a six bedroom house on the edge of Hampstead Garden Suburb for £8.65m. The seller, who has planning permission to replace the 5,390 sq ft house with a 13,000 sq ft property with a pool, originally asked for more than £10m.
Trevor Abrahmsohn at Glentree International estate agents – which sells some of the most expensive properties in London., says “A neo-marxist Corbyn government scares the living daylights out of the middle and upper middle classes. There will be a run on the pound and a fight of the capital leaving the UK, the like of which we have not seen for 40-50 years.
Eleven individually designed apartments in London, NW7 with views across Mill Hill Conservation area and its 152 acres of farm and parkland are on the market with Glentree New homes. Karen Morris, Head of Glentree’s New homes said , “Rosary Manor must represent one of Mill Hill’s best kept secrets! I doubt you will find another place quite like it in the area.”
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