04.05.2011 - UK: The uncomfortable truth about the housing market
The latest Council of Mortgage Lenders (CML) figures on house purchases tell an interesting tale, but not the one to which headlines wish to draw our attention. It's been widely reported that cash purchases now make up 40% of transactions, a dramatic rise from the 18.7% that cash purchases made up in June 2005. Shady oligarchs buying up their latest des res with untraceable cash that was the story most commentators have gone with..............................................Full Article: Source
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