UK House Price Index: Cash Buyers Revealed
In this financial landscape where house prices are increasing by the year, having up-to-date information on housing prices and statistics can help navigate the difficult world of real estate. The UK House Price Index will now even divulge how best to pay for the next home. Statistics for those who use cash to pay for their new home are now available on the Index.
Those who cash buy appears dependent on regional location, with London residents only using cash for 25 percent of purchases. The UK House Price Index allows access to the numbers of mortgage sales transactions as well as registered new build and resold properties.
By making this information available for users of the Index, potential buyers are able to view more easily any new build properties registered across the UK. By treating its users in this more transparent manner, people are able to make a more informed decision on personal and financial matters such as the extent of household credit.
UK House Price Index will continue to make enhancements to the data based on user feedback. This includes making all data available in the UK House Price Index app later this year.
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