This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Cash Buyers in London Increasing

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


real estate  London  Naomi Heaton  Property Buyers  Mortgage Availability  London Central Portfolio  West End Property 

Cash Buyers in London Increasing

By - Tuesday 08 February 2011

A growing number of investors are using cash to buy property in central London as mortgages become more difficult to get hold of, a local consultancy has claimed.

Naomi Heaton, chief executive at London Central Portfolio, has explained that the shortage of houses available for sale in central London has led to non-cash buyers missing out on property deals because they cannot move as quickly as those with readily available cash.

"Many properties are going under offer within days, if not hours, so only buyers offering cash can get a look in. Currently cash is the most potent negotiating tool in the marketplace – cash is king," she said.

However, simply acquiring real estate in central London is still considered to be a challenge, as stock levels remain "very tight" and the number of concluded transactions around 20 per cent lower than the average.

The consultant's comments come after it was revealed that the percentage of people buying West End property with cash increased from 66 per cent in the last quarter of 2009 to 88 per cent in the last three months of 2010.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus