Omaze house draw - expert reveals why lucky winners sell huge mansions within weeks
ok.co.ukThe winners of the Omaze house draw often end up selling their mega mansions within weeks, and an expert has now revealed why.
Omaze partners with charities to organise fundraising draws, offering participants the chance to win multi-million pound homes for a fraction of the price, along with cash to help cover running costs.
However, according to David Adams, head of David Adams Luxury Property, very few winners choose to live in their new homes permanently.This is largely due to the astronomical bills associated with such properties, which are barely covered by the cash prize.
Speaking to MailOnline, he explained: "The running cost of many of these properties can be £100,000 per year and with the cost of living these bills are rising." He added: "If you are used to living in a normal home where you pay a couple of hundred pounds a month in electricity, maybe a few thousand a year in council tax it comes as a huge shock when they receive the first bill for £20,000 or £30,000. "It is completely unsustainable and at that point a lot of people will decide it's not for them.", reports the Daily Star.
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