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Summer Slump Expected By Vested Interest

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Cash buyers leading property market to summer dead cat bounce

Property market recovery could slump away come the summer as the boost provided by cash buyers disappears.

Chartered surveyors e.surv finds the level of cash buyers moving into the market is more than double the usual level – as those with backing look for bargains.

However...............................

http://www.myfinances.co.uk/news/mortgages...036;1298545.htm

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Was never going to last long - herding cash buyers back into the market by destroying savings rates.

Wonder who the sellers were, maybe they were well connected and this whole fake recovery was brought about to goove them an exit route.

Next the slam dunk.

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supports what a lot of posters have been saying

any bounce will certainly run out of steam v soon if true

is there a graph anywhere which shows cash sales v mortgaged sales?

if not I've got the number of completed mortgaged sales from the CML for the past 2 years - just need an equivalent dataset for cash sales or total sales to do a graph

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I think a lot of people here do not realise how much real estate is bought without gearing in normal times. It’s about 25%.

“This gives the FTHPI-MA an almost complete sample with the advantage of including the (approx) 25% of property that is bought with cash rather than a mortgage and useful because cash purchases sometimes follow trends different from those of mortgaged purchases.â€

http://www.houseprices.uk.net/articles/ft_house_price_index/

Please correct me if I am wrong but ….

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Oh, we are in for absolutely huge falls this Autumn and Winter- the Government have been frantically trying their hardest to delay the worst until after the General Election with their flawed economic policies but they have simply run out of time.

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I think a lot of people here do not realise how much real estate is bought without gearing in normal times. It’s about 25%.

“This gives the FTHPI-MA an almost complete sample with the advantage of including the (approx) 25% of property that is bought with cash rather than a mortgage and useful because cash purchases sometimes follow trends different from those of mortgaged purchases.â€

http://www.houseprices.uk.net/articles/ft_house_price_index/

Please correct me if I am wrong but ….

when I've totted up the number of LR sales from the past two years against the number of mortgage completions for house purchase from the CML, there only seems to be 8% more sales than completed mortgages for house purchase

which would mean only 8% cash sales - can't be right - so what have I done wrong

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when I've totted up the number of LR sales from the past two years against the number of mortgage completions for house purchase from the CML, there only seems to be 8% more sales than completed mortgages for house purchase

which would mean only 8% cash sales - can't be right - so what have I done wrong

got it - CML figures are for UK

LR only for E&W

otherwise graph works well

anyone know how I can get sales figures for Scotland and NI?

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