Repossession capital of England still trying to build its way out of trouble | Business | The Observer

Repossession capital of England still trying to build its way out of trouble | Business | The Observer

"You could own this home for as little as £451 a month," yells the advert for a four-bedroom townhouse set in rolling green fields little more than an hour's train journey from London.

Welcome to Corby, Northamptonshire – or "North Londonshire", as the marketers would rather have you call it.

This rather nondescript former steelworking town may not have much in common with Bond Street or Brick Lane, but the local council believes it can tempt city-weary Londoners into relocating from the capital – and reviving the region.