Welsh repossession court action 'soars'

02-Mar-2007

Prospective first time buyers in Wales may be interested in data showing an increase in the instances of court action to repossess houses across the region.

In news which may concern potential first time buyers worried about rising house prices, according to data released by the Department for Constitutional Affairs, the number of repossession claims in Wales increased by 26 per cent between 2005 and 2006, reports Inside Housing

During the period, repossession claims rose to 8,294 from 6,559 across Wales.

"The Welsh have a lower than average income than residents in the UK, but the ratio between house prices and income is much lower in Wales," said John Puzey, director of Shelter Cymru.

In England, over the same period, the number of repossession claims rose by 13 per cent.

Shelter Cymru is a Wales-based housing and homelessness charity that provides a number of services, including the deliver of in-house training services.

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