TITLE

Repossessions up 32%, says RICS

AUTHOR(S)
Stavro-Beauchamp, Laura
PUB. DATE
September 2007
SOURCE
Mortgage Strategy;9/3/2007, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the result of the research regarding repossessions conducted by the Royal Institution of Chartered Surveyors (RICS) in Great Britain. It reveals that repossessions in the second quarter of 2007 rose by 32% compared with the first three months of the year. The majority of repossessions were in the North-West, where auction activity has also soared. RICS predicts that the rate of repossessions will continue to increase as base rate rises lead to higher mortgages.
ACCESSION #
26543994

 

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