Gazumping could be banned by Govt to cut 'stress' of buying a house

The video discusses the challenges faced during property downsizing, including issues like gazumping, where sellers accept higher offers despite prior agreements. The government plans to address these issues through a major housing market consultation, aiming to make buying and selling homes easier. The consultation will explore digital solutions and pre-exchange agreements to build trust. However, some experts criticize the focus on demand-driven schemes like Help to Buy, suggesting investment in new homes instead. The housing minister is considering borrowing to fund new housing projects.

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