Plans to end gazumping with binding agreements in house sales shake-up

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Plans to end gazumping with binding agreements in house sales shake-up 1 day ago Share Save Add as preferred on Google Rachel Clun, Business reporter and Kevin Peachey, Cost of living correspondent Getty Images Home buyers and sellers can expect an end to "gazumping" in a major shake-up aimed at speeding up housing sales. Legally binding sales agreements will be introduced earlier to stop buyers or sellers walking away at a late stage in the process without a legitimate reason. In England and Wales, buyers can currently be outbid at a late stage of the sale and chains can fall apart months into the process, causing huge frustration for buyers as well as being expensive. Previous attempts to improve the system have had limited success and few of the latest proposed changes will happen immediately. The planned reforms, first announced in October last year , will be introduced at the end of this Parliament in 2029. The changes include home buyers receiving more information abou...
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The Barakah nuclear power plant in the United Arab Emirates, the first in the Arab world


 



Is now fully operational following the activation of its fourth reactor. It generates 40 terawatt-hours of electricity annually, covering up to 25% of the country's electricity needs. Built at a cost of $24.4 billion, the plant began operations in 2020. The UAE, one of the world's largest oil exporters, is aiming to diversify its energy sources with nuclear and renewables. The plant will supply energy to major companies like ADNOC, Emirates Steel, and Emirates Global Aluminium.

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