Gazundering increasing worry for home sellers

Home sellers in London and South East are increasingly concerned about “gazundering”, new data suggest. The term refers to when a buyer lowers their offer price just before contracts are exchanged and is becoming a serious problem for an increasing proportion of sellers. A survey of 2,000 people by campaign group the HomeOwners Alliance found that some 45% of people were concerned about the issue – an increase on 40% last year.

Daily Mail  (27/03/2019)