Henley Standard Property
HOME

Date:

Order your copy Advertise with us! HENLEY PAGES
Delivering the news from Henley on Thames and South Oxfordshire for over 100 years
  News     Sport    Celebrity   What's On Regulars Community Info Henley Standard TV Lifestyle Property Jobs Classifieds Gallery Trade
                               Follow us    Follow us    Newsfeed Search the Henley Standard  
Cash buyers are leading the recovery
Published 28/04/14



LATEST research from Hamptons International shows that cash buyers and first time buyers are leading the housing market recovery.

Cash buyers and first time buyers are more active than any other buyer groups and are driving growth in both housing market transactions and prices, according to new research from the leading residential agent.

Over the course of 2013, Hamptons International’s research showed the number of cash buyers grew by 33 per cent while data from the CML shows the number of first time buyers with a mortgage grew by 23 per cent.

In 2013, 350,000 properties were purchased with cash, equating to 36 per cent of the market in England and Wales, the highest number since 2007. Meanwhile, 28 per cent of the market was accounted for by first time buyers with mortgages.

Johnny Morris, head of research at Hamptons International, commented: “Cash buyers have been at the vanguard of the housing market recovery in recent months, with the number of cash buyers increasing at a faster rate than those purchasing with a mortgage.


“At a time when the number of properties available to buy is five per cent lower than this time last year (in London this figure rises to 20 per cent) Hamptons International’s research highlights how the increased activity of cash and first time buyers is an important contributory factor to the shortage of stock.

“While some cash buyers — such as downsizers — will release a home for sale at the same time, so there is no net effect on the stock of property for sale, others — such as second home buyers or buy-to-let investors — snap up available stock for sale, without adding to it, at least in the short term. Hamptons International’s research shows that 70 per cent of cash buyers in 2013 weren’t selling a property to fund their purchase at the point of sale.

“The increase in numbers of first time and cash buyers without a property to sell has meant fewer homes coming to the market. Low levels of stock have been a factor driving rapid price increases, particularly in the South of England. Until we see more owners moving home, who have properties to sell as well as buy, the shortage of homes for sale is likely to continue, the result being that 2014 looks to remain resolutely a seller’s market.”

Published 28/04/14

MOST POPULAR
Father fights ban on climbing frame in garden
Enigma of a maths genius is laid bare
Henley gets festive with Switch On & Shop
Opposition to Tescos' 24-hour deliveries
Man airlifted to hospital after fall
Henley shows its best side in photo contest
Henley shop windows get festive
Shops ready for new Christmas late night
LATEST BUSINESS NEWS HEADLINES
Ristorante Reno for sale
Post Office returns to Stoke Row
Henley gets festive with Switch On & Shop
Henley shop windows get festive
Meeting to discuss congestion
Architects win heritage award
Bridge appeal
Latest Video View more from   Henley Standard TV
ADVERTISE WITH US
LATEST SPORTS HEADLINES
Late fight back maintains Hawks winning run
Henley swimmers pick up a record medal haul
In form Gupta makes it two in two for Henley
Kites receive knock out blow
League leaders net late goal
Top Videos
 
Most Popular
 
 
 
 
Higgs Group
HIGGS GROUP
Tel: 01491 419400
www.higgsgroup.co.uk
HENLEY PAGES
Tel: 01491 419419
www.henleypages.com
HIGGS PRINTING & DESIGN
Tel: 01491 419429
www.higgsprinting.co.uk
HIGGS OFFICE SUPPLIES
Tel: 01491 419499
www.higgsofficesupplies.co.uk
HENLEY LIFE MAGAZINE
Tel: 01491 419449
www.henleylife.co.uk
HIGGS GROUP, Caxton House, 1 Station Road, Henley on Thames, Oxfordshire, RG9 1AD.

Cookie Policy | Copyright and Terms | Competition Rules | Contact Us | Advertise with us | Site Map
© Higgs & Co (Printers) Limited 2013  |  Registered in England number 1418717