英國全款買房比例超過三分之一
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.
英國全款買房的比例已達到超過三分之一的創紀錄水平，凸顯房產市場的雙速復甦，並給有關債務催生新泡沫的擔憂帶來問號。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.
本週有報道稱，英國房價已超過2008年峯值。在此之際，上述披露令政策制定者面對更復雜的局面，他們正就房價反彈是否對英國經濟構成系統性風險展開辯論。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.
英國地產經紀公司第一太平戴維斯(Savills)和房地產研究機構Hometrack爲英國《金融時報》編纂的住房物業交易研究顯示，過去一年裏全款購買的住房總額達830億英鎊，而交易總額爲2370億英鎊。
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.
這意味着全款購買佔銷售總值的35%，金融危機之前的幾年裏，該比例爲10%至15%，凸顯抵押貸款融資所扮演的角色下降。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.
股權支出的總額（包括抵押貸款首付及現金）目前達62%，遠高於歷史平均（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.
這一趨勢以倫敦爲首，僅在過去三個月裏，投入倫敦房地產的現金支出就達90億英鎊，其中有很大一部分來自國外買家，包括新加坡、中國內地和香港。面對超低銀行儲蓄利率的英國投資者，也被相對較高的房租收益率吸引。
