Blog Post

Cash is King

TomS - Head Tom Simper May 13, 2024, 10:00 AM

There is a strong presence of cash buyers in the market. 35% of sales in Great Britain are currently cash, compared to 30% the same month the year before.

The proportion of cash buyers has risen in all regions over the last year, with the exception of Scotland.

Higher mortgage costs have impacted affordability in the past twelve months, meaning cash buyers have an advantage.

The South West has the highest proportion of cash buyers at 43%, up from 35% a year ago. Meanwhile, London has the lowest share of cash buyers in the country at 27%, however this has still risen from 20% a year ago. Source: #Dataloft by PriceHubble, UK HPI. February 2024

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Abby was prompt to respond to inquiries and very pleasant"

- Christian

"Sean was really lovely on our inspection. Quick, easy and efficient. Thank you!"

- Roberta

"nothing written"

- Nadeeka Edirisinghalage

"Went above and beyond helping us secure a home, truly kind people"

- Anya

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"A great company and great experience."

- Andrew

"I was shown around a property by Abbey Bird, it was a lovely viewing"

- Sophia

"Abbey was very nice and explanatory in all she was saying and Gill is quick to respond"

- Tope