Sale of repossessed housing doubles

Sales of repossessed properties in the first quarter of 2009 are double the figures from a year earlier, according to research by the Asset Management Group (AMG). Its figures show a month on month increase in properties ‘under offer’ since the beginning of the year. Managing director of AMG said that predictions of repossession levels this year ‘continue to be high’ but the number of sales suggests an ‘underlying confidence’.