Agent turns swap-shop for houses
bbc.co.uk: Richard Elliott-Ogden bbc.co.uk
bbc.co.uk     Jul 11, 2008          

Richard Elliott-Ogden has just bought a £500,000 beachside apartment, by handing over his £70,000 Maserati sports car in part exchange. It is the latest innovative idea from estate agents desperate to put some va va voom back into the property market. Plymouth agent Trathen is offering to part exchange anything of value from jewellery to Jet Skis. Chartered surveyor Mr Elliott-Ogden said he got 20% more than he would have done from trading the car in. He told BBC News: "My initial reaction was that they would offer me an insignificant amount for the car. I can exchange an asset that's depreciating in value for one that given a long period of time will only increase in value "But I have been offered an excellent deal. "I think it's an innovative way of trading so I can exchange an asset that's depreciating in value for one... [read full story]                    


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