The Evening Standard commissioned a survey by debt ratings company Fitch into national home repossessions trends, and found that London's high property prices combined with rising interest rates are creating a fertile ground for foreclosure. Apparently, there were 6,282 repossessions in London in the first nine months of 2006, a rise of 30% on 2005. And it's going to get worse.

'If, as expected, London prices continue their relentless upward trend, this coupled with the latest round of interest rate rises should see London retain its dubious crown as king of the repossessions castle.'

... warns Fitch MD Stuart Jennings, retaining his dubious crown as king of the tortured metaphor castle. So who's most at risk? According to the RICS, anyone who bought in the last few years and stretched themselves until they squeaked... More here.

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