Supposedly 695k. Cash offer - but then every one of the last 6 or so properties I've called about have all supposedly had "cash" offers. Not sure what I believe anymore. I've visions of over eager property hunters hoping from house to house waiving fistfuls of euros. Or is that just the EA's wishful thinking?
The term 'cash buyer' has different meanings to different people.
In certain circumstances I have seen it to mean '50% cash'.
This was during the boom when everyone else was going for 92%+ mortgages, so 50% cash was unusual.
Now with the banks effectively bankrupt, it is easy to see how it means 100% cash.
Unfortunately, I think many 'cash buyers' out there need some form of borrowings.
It will be interesting to see how many recent 'Sale Agreeds' fall through on this basis.