'Billions' in botched banker bonuses spurs property market
There has been a flurry of activity in the UK property market over the last two weeks. The surge was fuelled by bankers, who have just received their hefty cash bonuses.
An increase in these so-called ‘bonus-buyers’ – cash-rich bankers who are in a position to speedily proceed with purchases – has forced other homebuyers to move quickly to find and secure properties for purchase. According to research carried out by property consultants ‘Cluttons’, there has been increased market competition since the start of banker bonus season.
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