Repossessions up 50% and data indicates rise will continue
In the first quarter of 2023, the challenging economic conditions, with the rise in cost of living, has led to a significant increase in home repossessions, with over 1,000 properties being taken back by lenders due to borrowers struggling to meet their mortgage obligations.
Why invest in London in 2023?
As with the wider UK market, the luxury property market continues to be unpredictable in 2023. Experts have previously forecast a difficult year in a chaotic current climate but recent property price increases have provided investors much optimism.
Where are the Repossession Hotspots for Wales in 2023?
In early February, Gov.uk released the latest repossession figures which covered the period of October-December 2022. Repossessedhousesforsale.com has been reviewing the data and helping investors find hotspots when searching for repossessed properties for sale in 2023. We’ve covered every region in England so our final deep dive looks at the latest repossession figures for […]
Where are the Repossession Hotspots for North East in 2023?
Over the past few weeks, we have been analysing the latest Gov.uk repossession figures which covers October-December 2022. From reviewing the UK as a whole, to taking a deep dive into the subsequent regions, we’ve looked at the figures to help investors find hotpots when searching for a repossessed property in 2023. Our penultimate […]
Where are the Repossession Hotspots in East England for 2023?
In this article, we continue to review the latest Gov.uk repossessions figures which were released in early February, covering the period October-December 2022. Using the data, we’ll analyse the areas within East England to see where there have been increases and decreases in the number of repossessed properties recorded last year.
Which affordable UK cities are buyers interested in?
Mortgages are currently needed for 7 out of every 10 home purchases. Those seeking a mortgage are required to have more income now due to the rising mortgage rates. Due to this, buyers are becoming more and more selective with the areas they choose to invest in.
Where are the Repossession Hotspots in Yorkshire for 2023?
Our next deep-dive into the latest Gov.uk repossession figures see us reviewing the areas within Yorkshire and The Humber. In this article, we’ll look back on the number of repossessed properties recorded for 2022 and how this compares to previous periods in order for us to locate some key hotspots for investors searching for […]
UK house prices rise for third month in a row
The UK housing market is showing resilience as house prices edge higher in March according to the latest price index from Halifax. The increase has defied economists’ expectations of a 0.3% fall. The average house price in the UK now sits at £287,880 which results in a monthly increase of 0.8% and an annual […]