英国全款买房比例超过三分之一

The share of UK homes being purchased entirely with cash has risen to a record high of more than a third, underscoring the two-speed housing recovery and casting doubt on fears of a new debt-fuelled bubble.

英国全款买房的比例已达到超过三分之一的创纪录水平，凸显房产市场的双速复苏，并给有关债务催生新泡沫的担忧带来问号。

The revelations, which come in the week that UK house prices surpassed their 2008 peak, complicates the picture for policy makers debating whether a rebound poses a systemic risk to the economy.

本周有报道称，英国房价已超过2008年峰值。在此之际，上述披露令政策制定者面对更复杂的局面，他们正就房价反弹是否对英国经济构成系统性风险展开辩论。

A comprehensive study of residential property transactions, compiled for the Financial Times by Savills and Hometrack, shows that £83bn of houses were bought without debt in the last year, out of a total £237bn of deals.

英国地产经纪公司第一太平戴维斯(Savills)和房地产研究机构Hometrack为英国《金融时报》编纂的住房物业交易研究显示，过去一年里全款购买的住房总额达830亿英镑，而交易总额为2370亿英镑。

That means cash-only purchases account for 35 per cent of sales by value compared with between 10 per cent and 15 per cent in the years before the financial crisis, underscoring the declining role of mortgage finance.

这意味着全款购买占销售总值的35%，金融危机之前的几年里，该比例为10%至15%，凸显抵押贷款融资所扮演的角色下降。

The total amount of equity-funded expenditure, including mortgage deposits and cash, now stands at 62 per cent, far higher than the historical average of below 50 per cent.

股权支出的总额（包括抵押贷款首付及现金）目前达62%，远高于历史平均（不到50%）。

The trend is being driven by London, where £9bn of cash has been spent on property in the past three months alone, much of it by foreign buyers from Singapore, China and Hong Kong. British investors are also attracted by the relatively high rental yields compared with ultra-slim savings rates at banks.

这一趋势以伦敦为首，仅在过去三个月里，投入伦敦房地产的现金支出就达90亿英镑，其中有很大一部分来自国外买家，包括新加坡、中国内地和香港。面对超低银行储蓄利率的英国投资者，也被相对较高的房租收益率吸引。