Monday, 19 September 2011

Ganzanging is the new gazumping: Latest peril in buying a new home (and 54,000 have fallen victim this year) | Mail Online

Ganzanging is the new gazumping: Latest peril in buying a new home (and 54,000 have fallen victim this year) | Mail Online

Over the years, the ups and downs of the property market have spawned a whole host of perplexing terms.
Now experts have coined another to add to the lexicon – gazanging.
The term is used to describe when a buyer is ‘left hanging’ as a seller pulls the plug on a deal at the last minute, often due to market uncertainty or a lack of a suitable home to move to.

1 comment:

  1. Here in Western Australia you have to sign a contract when you make an offer. I wonder why the UK don't adopt a similar idea - certainly makes it a lot less stressful for all concerned.

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