Barking and Dagenham has been identified as one of the most severely impacted regions in terms of eviction claims, having the highest rate of possession claims in England and Wales. Recent statistics indicate a surge in landlord possession claims, with a notable 39% increase in just one year. This situation is fueled by rising property prices and stagnant wages, creating a challenging environment for renters. While overall property values in London have seen a decline, rental prices continue to soar, putting significant financial strain on residents.
It's concerning that Barking and Dagenham has the highest rate of possession claims in England and Wales, indicating a rising crisis for renters and leaseholders.
The significant rise in eviction claims illustrates the pressures residents face due to soaring living costs and stagnant incomes, making housing unsustainable.
Despite a decrease in overall property prices in London, rental costs in Barking and Dagenham continue to climb, exacerbating the housing stability crisis.
Landlords are increasingly leveraging possession claims, which surged 39% in the second quarter of 2024 compared to the previous year, underscoring the urgency of the housing issue.
Collection
[
|
...
]