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Reduction in East Lancashire home reposessions
10:36am Friday 1st March 2013 in News
HOME repossessions in the North West have fallen by three per cent but remain the most in the country.
New Land Registry figures show that in November 2012 there were 347 houses in the region taken back by lenders compared to 356 in the same month in 2011.
The three per cent fall was the lowest for any England and Wales region compared to a national fall of 11 per cent and the 347 repossessions was the highest figure followed by 221 for Yorkshire and the Humber.
Average house prices in Blackburn with Darwen in January this year were up 1.6 per cent on December at £75,071 but down 4.4 per cent on the same month in 2012.
The rest of Lancashire - including Burnley, Pendle, Hyndburn, Rossendale, Ribble Valley and Chorley - saw prices fall by 0.6 per cent from December to £103,915, down 3.5 per cent on 12 months ago.
Nationally house prices rose by one per cent compared to January 2012.
The North-West region saw a 1.9 per cent fall between December and last month to £106,527 and a 4.2 per cent fall year on year.
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