Repossessions at their lowest level since 2010!

Brendan Burgess

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https://twitter.com/seamuscoffey/status/1106162248614064128

Figures released by @centralbank_ie today show that there were 28 court-ordered repossessions of primary dwelling houses in Q4 2018. This is the lowest quarterly figure since 2010.

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Is this:
  1. Policy by banks not to seek re-possession
  2. Vultures controlling more of the book and more prone to make offers
  3. Forced sales (especially with rise in house prices)
  4. Fewer 'hard cases' in the system
  5. Some combination of the above

I am a bit sceptical about (4) because the ultra-long arrears cases haven't really declined.

My own guess is that (2) and (3) explain a lot
 
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