Rat and Mouse
Tue
14
Feb
Less than half of residential property transactions funded by mortgages

Figures from Savills show that mortgages funded just 46% of residential property transactions in 2011, down from 55% in 2006 and 62% in 2001.

“Equity has replaced debt as the dominant source of funding of house purchase. It favours high-value markets, particularly those in the South of England.”

As a result, the total value of transactions was down 47% compared to the peak of the market, with the private rented sector growing by 42% in the last five years to help pick up the slack.

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