What the...

"Unfortunately gazumping has also made a comeback in the past few weeks as there's a severe lack of stock for sale and a huge amount of interest from cash buyers at all levels of the market."

Transactions in the prime London market, while still low, are rising quickly, but available stock isn't, apparently, keeping up. The article, quoting the Royal Institution of Chartered Surveyors, suggests HIPs might be a culprit. But I don't see the cost of a HIP being relevant at that end of the market... and, complicating things, RICS disputes M&P's assertion that transactions have lifted significantly. Interesting read, though.

Technorati Tags: London, property, real estate