40% of houses bought in cash sales: survey

Cash is still king when it comes to buying houses, with cash purchases accounting for four out of every 10 house sales.

According to the latest DNG House Price Gauge, house prices in Dublin show signs of levelling off. It also noted that cash transactions are still very prevalent, accounting for 35% to 40% of sales.

A significant proportion of these sales are block and fund sales and cash buyers are still likely to account for 35% to 40% of all non block/fund sales.