£5 million London property lottery

A couple plan to sell their £5 million home in the heart of Belgravia London in a competition where potential homeowners can buy tickets for just £50.

The winner has to guess the correct auction value of the house, which has been calculated by averaging valuations by three local estate agents.

Property competitions have become popular since the economic crisis with homeowners who are failing to sell in the traditional way.

Read the rest of the story @ Luxury Property Blog

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