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Estate agent offering free Range Rover with luxury flats

A Cornish estate agent is giving away free cars with luxury flats sold on August 1, hoping to incentivise buyers in a slowing property market.

Bradleys estate agents in Newquay is offering the deal to help boost sales of 150 remaining properties in a new build development on the coast.

The vehicles start with a £9,000 Smart ForTwo for the cheapest flats, up to a £60,000 Range Rover for the most expensive ones, all of which are paid for by the developer.

It reflects a much tougher housing market, with tighter finances and low availability of loans hitting consumer confidence.

According to the Council of Mortgage Lenders, the number of loans to buy houses in June was 44% down year on year, while Halifax reported a 6.1% drop in prices during the same period.

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