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.

How does the current house buying process impact buyers and sellers in England and Wales?

What criticisms do property experts have regarding the government's focus on the housing market?