Repossessed House for Sale in Southampton

In 2018 so far there has been a small number of repossessed houses for sale in Southampton, as research from gov.uk reveal that 7 of every 100,000 households in the area were repossessed in the year’s first quarter. However, as the city that ranked in the top 10 for 5 year house price growth, it might indicate that the long-term residents are not experiencing pay-rises proportional to the housing and mortgage demands, which would eventually lead to higher levels of repossessions. Away from distressed property, there are a number of developments currently in progress which allows investors the opportunity to become a landlord in the buy-to-let hotspot of the UK, at prices that are below market value. This is because, similar to repossessed property, off-plan investment can provide a cheaper way for individuals to buy property – you secure the investment at the preliminary phase, therefore value would have likely increased by the time development is complete.