Property repossessions hit £426m over the last year

Property repossessions hit £426m over the last year

Across England and Wales, there have been just shy of 2,500 homes repossessed over the last year with an estimated market value of £426m - and that’s just their value as a repossession, not their value if sold in the current market.

Property purchasing specialist, HBB Solutions, has revealed where across the property market holds the unsavoury title of the nation’s repossession hotspot, as well as the huge loss in value that these unfortunate sellers face on the value of their home.
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Source: Property Reporter

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