Happy Customers

"We wanted to up-size to make room for our growing family, but needed to sell our flat first and National Homebuyers enabled us to do this quickly. They simplified the whole process of selling and enabled us to purchase our dream property! National Cash Buyers Broaden Their House Search"

Mr & Mrs H, Space

"After inheriting a property from my late Mother, I approached National Homebuyers. I had been caring for my Mother for a number of years and the thought of selling the property using an Estate Agent was a hassle that I did not feel able to cope with. The sale of the property was a difficult […]"

Mrs J, Lydney, Gloucestershire

National Cash Buyers Broaden Their House Search

In the latest Market Insight from Hamptons International they have shown that UK cash buyers are now starting to broaden their horizons when it comes to buying a house.

The report shows that there was 92,845 cash only house transactions in the UK in the third quarter of 2016. This figure is a 5% fall compared with the same period last year.

This seems to be part of a consistent trend in the reduction in national cash buyers in the market since 2014.

This decline in the reduction in cash buyers seems to be the highest in the most expensive areas of the UK. Broken down into regions the report shows that in the South East, the number of cash buyers fell by 13% compared with 2015: in the East, it fell by 11% and in London by 9%.

In the past national cash buyers would generally buy property in and around the UK region they currently lived in. However, this report shows that in 2106 Cash buyers are broadening their horizons on their search for a home. Back in 2013 83% of national cash buyers bought in the same region they came from, but in 2016 this figure has fallen by 5% to 78%.
London cash buyers have now set their sights further afield in the search for debt-free homes.

The South West has seen an increase in the proportion of London cash buyers buying there. In 2013, only 7% of London cash buyers bought a home there but this has now grown to 10% in 2016. Similarly, only 2% of London cash buyers bought a home in the North in 2010 but this has now grown to 8%. South East national cash buyers also show a similar trend.

Here is the full Market Insight from Hamptons International

national cash buyers

 

 

 

 

Homebuyer Man is the public face of National Homebuyers’ expert property team, keeping up to date with all the latest industry news, property trends and market information.

Homebuyer Man’s experience in the property market is unmatched, providing expert information and exclusive insight on all things property, whether that be mortgage advice or drilling down into the best times to buy and sell in different areas across the UK. With more than 15 years’ experience, there isn’t much Homebuyer Man doesn’t know when it comes to the property market.

I’m a regular face on some of the country’s most popular TV channels including ITV, E4 and Nickelodeon.

What is my house worth?
Movers and shakers: The geographical lottery of house values