The start of a recovery in house prices, which is clearly under way, was always expected to allow lenders to repossess more properties as it became worth selling them. So the absence of any clear downward trend in the figures is not a surprise. However, they do emphasise the most serious problem hanging over the housing market. That is the concentration of misery among certain groups of people.
The fact that the housing market recovery is greater for the upper sectors of the market and more prosperous areas is only increasing the divisions between the property market haves and have-nots.Reuse content