Repossessions up 26% in twelve months

The firm has observed sustained growth in valuations on repossessed property for almost two years, and has seen the trend accelerate since the beginning of 2008. Repossession valuations climbed 26% in the year to May 2008, according to e.surv. Richard Sexton, business development director at e.surv, says: “We have seen a sustained and steady growth in repo valuation volumes for almost 2 years now, and there has been a clear acceleration since January 2008.” Between January and May 2008, the number of new repossession instructions rocketed by 33%, according to e.surv. The Council of ...