Cash sales account for between 30% and 40% of all transactions at Great Britain level according to new information published by the UK House Price Index (UK HPI).
UK HPI have found that while cash sales account for between 30% and 40% of all transactions at Great Britain level, there are some variations at regional level. London has the lowest proportion of cash sales at around 25%, while the South West has the highest at around 40%.
From October, the UK House Price Index (UK HPI) will provide information on:
- cash sales transactions
- mortgage sales transactions
- registered new build and resold properties
All the new sales volume data are available at national, regional, county, local authority and London borough levels, enabling easy comparison with existing data. You can explore the data further through our downloadable data tables or via our Linked Data API.
The introduction of volume information improves the transparency of the number of new build properties registered across the UK. It also provides greater clarity on purchasing trends, helping users to understand the extent of household credit. To understand more about how this data is derived, refer to Calculating the UK HPI (section 4).
Original source http://landregistry.data.gov.uk/app/ukhpi