Cash house sales down by a fifth

Posted on Sunday, May 5, 2019

The latest updated data from the Office of National Statistics has shown that the number of cash property sales across the UK has decreased by just over 19%.

According to the data, the largest falls were seen in the capital where 1,157 cash transactions occurred in December 2018 – 29% lower than the previous 12 months.

This was followed by the North West which saw a 23% decrease (2,406 cash sales), the South East with a 22% decrease (2,834 cash sales), the South West and the East of England which both saw 20% decreases (2,557 and 1,919 cash sales respectively). The lowest drop was seen in Scotland where 2,283 properties were bought for cash in December 2018 (compared to 2,429 in the previous year, a 6% decrease).

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