British million homes paid more cash

london - Who wants to buy a house should therefor usually a mortgage. Especially if it is a property of more than a million. However, in the UK it is becoming more common for a million homes straight cash are settled.

Research shows according to the British newspaper The Guardian that the last five years one third of the houses that cost 1 million pounds or more, was purchased with cash. Especially in England and Wales happen that often. In London, since 2011 almost 23 000 houses paid off in this way. It is unclear why this is the last five years is more common.