Increasing bank repossessions project UK property market as a bargain basement for foreign real esta

[Nicholas Wallwork]

The excess of the property boom in the UK when tens of thousands of people were given mortgages they couldn't really afford has resulted in the country being seen by bargain hunters as a preferred target as re-possessions rise.

Not only are foreign real estate investors increasingly viewing London as one of the best value place to buy, but the practice of lending more than a property is worth is fuelling the repossession figures and adding to the clamour.

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