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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At first glance, UK house prices rising tens of thousands of per cent since 1900 look absurd. But annualised over 126 years, growth averages around 4.5 to 5 per cent a year. It is not sudden surges but steady compounding that drives values higher, showing property rewards time in the market more than attempts to time it.

Welcome back to the latest insight into Attleborough’s property market. This month’s £ per square foot snapshot offers a fresh look at the market’s underlying rhythm. It reflects the mix of homes currently for sale rather than headline price swings. Curious how your property fits the picture? Let’s arrange a relaxed, no obligation chat.

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At first glance, the difference between Attleborough and the national housing picture may seem small. Yet beneath the surface, it reveals something far more telling about the town’s homeowners, renters and overall market balance. To understand what these figures really say about Attleborough, read on.