Cash purchases

At £14bn the value of unspent paper £20 and £50 notes equates to the equivalent of over 50,000 average priced homes.

After the 30th September 2022 paper £20 and £50 notes will no longer be legal tender in the UK. At the last count the Bank of England estimated there were over 460 million unspent paper notes, over £6bn unspent in £20s and £8bn in £50s.
Each month around 28% of all sales in England and Wales are cash purchases. In 2021, cash sales account for more than 1 in 3 property purchases in the South West and less than 1 in five in London.
The average price of a property purchased with cash is, on average, 8%-9% less than the average price of a property purchased with a mortgage. Source: Dataloft, Nationwide, UKHPI, Bank of England
**This week there are two versions of the infographic to chose from. One focuses on unspent notes and number of home it could buy and the other on the proportion of homes purchased with cash. Check the Infographic library**

Get in touch with us

First Name

Last Name

Mobile Phone

Your Email Address

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as our products and services. By confirming, you also agree to the use of cookies to enhance your experience. (You will always have the right to unsubscribe or manage your cookie preferences at any point in the future.)

Confirm

Looking to Buy? Be Ready for the Right Home

April is a good time for buyers to focus on readiness rather than guesswork. In a market where choice has improved but confidence remains mixed, being organised can make all the difference when the right home comes along.

CLICK HERE >

A Summer Check-In for Landlords

Rental growth has eased, but tenants are still searching carefully and landlords need to stay on top of pricing, compliance and property standards as the summer moving season continues.

CLICK HERE >

Thinking of Selling This Summer?

More homes are competing for buyer attention, so sellers need more than a hopeful asking price. A smart launch, realistic valuation and strong presentation can help attract serious interest.

CLICK HERE >

What More Choice Means for Buyers This Spring

As we move through May 2026, buyers are seeing more homes come to market, but affordability still matters. Here is what today’s mix of greater choice, steady demand and higher mortgage costs means if you are planning a move.

CLICK HERE >