House Price Bubble, Uncategorized

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The Tale of the Fisherman’s Cottage

October 28th, 2009
Author: Jeff Taylor

Do you recall this quaint fisherman’s cottage? It was advertised as close to a nature reserve and was a 3 bed-roomed opportunity not to be missed. But if you remember, the estate agent Geering and Colyer of the Countrywide Group, failed to point out one minor fact ……

Fisherman's nuclear cottage

Fisherman's nuclear cottage

That the cottage was in rather close proximity to the Dungeness Nuclear Reactors. Far from the manager of the estate agency concerned getting a rocket though, they were, according to informed sources, feted as a hero for managing to sell the property! Not only that, they have also been flooded with enquiries for other properties and are doing rather nicely thank you.

Who said that the Property Misdescriptions Act was a good thing? Being rather ‘reserved’ with the truth seems to have worked for one agency.

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One Response to “The Tale of the Fisherman’s Cottage”

  1. [...] An Office of Fair Trading draft report into the state of the property market has slammed the estate agency profession for dishonesty when presenting properties to the buying public. One of the most recent highly publicised cases was that of the agent selling a cottage neglecting to mention the nuclear reactors next door. [...]

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