The number of repossessions and mortgage cases in arrears throughout the greater Britain area have reported declined substantially over the past few quarters according to many analysts. In the fourth quarter of 2009 alone the number of arrears cases dropped by 9% to 41,000 according to the Financial Services Advisory (FSA). As of right now that puts the most home buyers into a fairly comfortable position, with the lowest drop occurring most noticeably in terms of those home owners facing new possessions (with the tremendous drop of 15% in the last quarter of 2009 alone serving to return the number to a paltry 11,800, the lowest it’s been since mid 2008.

The primary reason behind this according to most experts is the continuation of the low interest rates that provides new, first-time buyers and re-mortgagers to keep in the market and help stimulate home prices with the top mortgage rates available today (as opposed to just a few short years ago.

Should this growth be sustained throughout the year it would mean a substantial boost to the currently shaky UK property market, though at the same time the likelihood of this occurring is slim as the government may be likely to reverse many of those conditions they have put into place in previous years now that the economy is recovering in the new decade. This means that the booming real estate market is significantly strong now, however be additionally careful as always to watch out for any small shift that could signal the end of the current trend and the issuing in of potentially less-than-desirable new legal conditions.

With this in mind many people have taken to the streets to seek out new homes before any other big change is made, thus only further driving up home values and in turn helping to limit the number of cases in arrears even further. This is expected to continue at least through the second quarter of 2010 and is set to be a strong boost to the already fragile (yet recovering) UK economy that was hit particularly hard during the tough economic times that hit the European sector particularly hard overall compared to other parts of the world.