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The Masked Tulip

Repossessions Signal End Of Property Boom

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The property boom is at an end in Swansea and the surrounding areas, a local Assembly Member has declared. Liberal Democrat AM for South Wales West, Peter Black, was speaking after new figures revealed a 25 per cent increase in the number of repossessions.

The figures have been released for the first three quarters of 2005.

He said he believed it meant an end to the property boom and increasing pressure on council homelessness services.

In Swansea there were 97 repossessions in the first three quarters of 2005, compared to 83 in 2004, a rise of 17 per cent.

For the region as a whole there were 53 more repossessions this year than last, a 25 per cent increase.

http://www.thisissouthwales.co.uk/displayN...e=sidebarsearch

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The property boom is at an end in Swansea and the surrounding areas, a local Assembly Member has declared. Liberal Democrat AM for South Wales West, Peter Black, was speaking after new figures revealed a 25 per cent increase in the number of repossessions.

The figures have been released for the first three quarters of 2005.

He said he believed it meant an end to the property boom and increasing pressure on council homelessness services.

In Swansea there were 97 repossessions in the first three quarters of 2005, compared to 83 in 2004, a rise of 17 per cent.

For the region as a whole there were 53 more repossessions this year than last, a 25 per cent increase.

http://www.thisissouthwales.co.uk/displayN...e=sidebarsearch

repo's DO mark the end of a property downturn------but not while they are rising!

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The property boom is at an end in Swansea and the surrounding areas, a local Assembly Member has declared. Liberal Democrat AM for South Wales West, Peter Black, was speaking after new figures revealed a 25 per cent increase in the number of repossessions.

The figures have been released for the first three quarters of 2005.

He said he believed it meant an end to the property boom and increasing pressure on council homelessness services.

In Swansea there were 97 repossessions in the first three quarters of 2005, compared to 83 in 2004, a rise of 17 per cent.

For the region as a whole there were 53 more repossessions this year than last, a 25 per cent increase.

http://www.thisissouthwales.co.uk/displayN...e=sidebarsearch

All so predictable -- this is only the start though........... Really massive downturn on the way...

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The property boom is at an end in Swansea and the surrounding areas, a local Assembly Member has declared. Liberal Democrat AM for South Wales West, Peter Black, was speaking after new figures revealed a 25 per cent increase in the number of repossessions.

The figures have been released for the first three quarters of 2005.

He said he believed it meant an end to the property boom and increasing pressure on council homelessness services.

In Swansea there were 97 repossessions in the first three quarters of 2005, compared to 83 in 2004, a rise of 17 per cent.

For the region as a whole there were 53 more repossessions this year than last, a 25 per cent increase.

http://www.thisissouthwales.co.uk/displayN...e=sidebarsearch

lies, damn lies & statistics

Do we have any figures for the previous year? I'm no statistician but is a rise of 53 significant (statistically) against a poulation of 500,000?

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Guest Charlie The Tramp

lies, damn lies & statistics

Do we have any figures for the previous year? I'm no statistician but is a rise of 53 significant (statistically) against a poulation of 500,000?

Statistics from The Department Of Constitutional Affairs

Credit Action Stats

Servicing Debt: Figures from the Department and Constitutional Affairs showed that the number of households in the early stages of the repossession process rose sharply in the third quarter of 2005. Actions entered by lenders, the first stage of repossession, rose 55% over the past year to 29,991, the highest level since the third quarter of 1993. Orders made (orders made by courts to repossess properties) were 66% higher over the past 12 months at 19,687 in Q3, the highest level since the first quarter of 1996

Lies, all damn lies

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lies, damn lies & statistics

Do we have any figures for the previous year? I'm no statistician but is a rise of 53 significant (statistically) against a poulation of 500,000?

I suspect the problem is far worse and more widespread that just Wales:

http://uk.biz.yahoo.com/26102005/140/repos...mbers-soar.html

"the number of mortgage possession orders in England and Wales jumping 66%."

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lies, damn lies & statistics

Do we have any figures for the previous year? I'm no statistician but is a rise of 53 significant (statistically) against a poulation of 500,000?

P.G.

Why are you comparing amounts in HOUSES Reposessed = 53

to

Amount of GENERAL POPULATION in Swansea area = 500,00(your estimate)

The two have no relevance to each other!

And why do you take so long between replying to posts.

Is that because you spend ages correkting the speling and gramatickle erors?

For your additional info:

The Census figures indicate some 94,400 occupied households within Swansea

The population of the City and County of Swansea now stands at approximately 224,600

Lies - all LIES! :P

Edited by erranta

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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