Thursday, June 26, 2008
Top Dollar for faulty new rabbit hutches – whatever next !
Seven in 10 buyers of newly-built homes found faults with the property, according to a study by the Office of Fair Trading (OFT). But most of the problems were only minor issues with decorating, glazing, plasterwork or appliances and did not cost the buyer anything to fix. Those whose moving-in date was delayed faced heavy costs, the study into the state of the homebuilding market said. The report also looked at allegations of firms hoarding land to boost profit. There was a scarcity of sites, and holding land could increase profits, the early findings concluded.