Property cash buyers at record high, Nationwide says

Nearly four out of 10 homes were sold without the need for a mortgage in the first quarter of the year - a record high, the Nationwide has said.

The building society - the UK's second biggest mortgage lender - said that 38% of properties were sold to cash buyers.It said that low interest rates had encouraged investment in bricks and mortar, while mortgage lending had been squeezed in recent years by the banks.It also said that UK house prices in May were 4.6% higher than a year ago.
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Semi-detached homes drive property price rise

The price of semi-detached homes rose at the fastest rate of any property type in England and Wales in the year to the end of April, data shows.The value of semis rose by 5.6% over the year, the Land Registry figures show, ahead of flats (up 5.4%) and detached homes (up 5.1%).Overall, property prices increased by 5.1% over the year and by 0.9% from March to April.The average home was valued at £179,817, the Land Registry said.Prices rose the fastest in London over the year, up 10.9%, and in the...

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UK house prices set to surge over rest of 2015 as election uncertainty clears

Growth in average home value paves way for a further boom over the coming months, although some experts warn against making ‘overblown’ presumptions

Boom conditions are back in the UK housing market and prices look set for a new surge before the end of the year after the Conservative election victory has galvanised buyers and sellers.As the Land Registry reported prices in England and Wales had risen in April – leaving the average value of a home just £1,200 below its ...

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