Fresh government data shows that over 2021-22, some 12,965 rental properties were repossessed – a huge increase on the previous year, where figures were artificially low because of eviction bans imposed by government during the pandemic.
In fact, the 12,965 repossessions seen over the last year is actually 56 per cent fewer than the 29,347 recorded in the pre-pandemic year of 2019-20.
What’s more, the level of rental homes being repossessed on an annual basis had already been declining steadily year on year, down from 35,046 in 2017-18 to 33,113 in 2018-19.
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