Globes website published recently that the real estate industry in London and South UK is hitting new highs. Businessman Eitan Eldar explains that the article included a review of the condition of the British real estate market.
According to the data, in London there are eight buyers on any one asset seller. The rate of increase in house prices and houses grows by 50 thousand pounds a month, which brings new heights.
Eitan Eldar points out that the method of operation, according to the article, used by agents, is a byproduct of the real estate frenzy in the UK. Its goal is to get a high amount of buyers and take advantage of their desire to purchase the property before the other competitors.
One of the cases described in the article, explains Eitan Eldar, it is completely dark apartment with no electricity connection, which its price was £250,000. In such cases as well, as described in the article, the potential buyers give up the possibility to know the flaws in apartments, wanting to close the transaction as quickly as possible, before other buyers will close a deal before them.
Businessman and entrepreneur Eitan Eldar deals with a variety of activities, including real estate projects in Israel and abroad. The subject is taken from discussions held by Eitan Eldar who lectures at IDC Herzliya .