In 2018, just under 285,000 properties across Great Britain were purchased with cash alone, comprising 29% of all property sales.
This is the lowest proportion of cash sales recorded since this record began. Between 2012 and 2017, more than 30% of transactions were cash sales.
The proportion of cash sales fell in each region of the country. With landlords facing increased costs and challenges, it seems that some have chosen to invest their cash elsewhere. It is no coincidence that as cash sales have dropped, so the proportion of sales to first-time buyers has increased.
Most popular regions for cash sales continue to be the South West and Wales, where more than 1 in 3 properties sold in 2018 were bought with cash alone.
On average 965 sales per week have been completed using Help to Buy across England and Wales during 2018 (to the end of September), according to data released by the Ministry of Housing, Communities and Local Government and the Welsh Government. Over 160 properties are purchased each week with the aid of Help to Buy […]
Just 6,950 homes were repossessed during 2018, the equivalent of just 0.06% of all homes with an outstanding mortgage. Repossessions are at their lowest level since 1981, with nearly 700 fewer properties repossessed than in 2017. To put this figure in perspective, there were nearly 50,000 repossessions at the height of the financial crisis in […]
2019 marks the 20th year of the Six Nations Championship and round two takes place this weekend. Ireland are looking to defend their 2018 title, although following England’s decisive win last week, the Grand Slam is no longer an option. Ireland, and wooden spoon recipient Italy, were top and bottom of the leaderboard in terms […]