![Savills](https://img.resized.co/myhome-ie/eyJkYXRhIjoie1widXJsXCI6XCJodHRwOlxcXC9cXFwvYmxvZy1kZXYubXlob21lLmllXFxcL3dwLWNvbnRlbnRcXFwvdXBsb2Fkc1xcXC8yMDEzXFxcLzA5XFxcL1NhdmlsbHMtMzAweDMwMC5qcGdcIixcIndpZHRoXCI6XCIzMDBcIixcImhlaWdodFwiOlwiMzAwXCIsXCJkZWZhdWx0XCI6XCJodHRwczpcXFwvXFxcL25ld3MubXlob21lLmllXFxcL2ltYWdlc1xcXC9uby1pbWFnZS5wbmdcIixcIm9wdGlvbnNcIjp7XCJvdXRwdXRcIjpcIndlYnBcIn19IiwiaGFzaCI6Ijk1NTRiZWI3OTM1M2NkODg2Nzg2MzNkM2QyYTczYTJlYjg2MzM1NTMifQ==/more-than-half-of-property-transactions-now-being-paid-for-with-cash.jpg)
New research from estate agency Savills has found that 57% of transactions are now being paid for in cash.
The research by former CSO statistician John McCartney has shown that more than half of all sales are now being completed without a mortgage – up from fewer than 5% in 2010.
Mr McCartney said that cash buyers were helping to drive prices up and were squeezing families who need mortgage finance out of the market.
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