15% increase to end negative equity
15% increase to end negative equity
- 1994
- Financial Times 4 August 1994, 16&15 Guardian 4 August 1994, 17(2) .
The Joseph Rowntree Foundation in two separate reports predicts firstly that average prices in England would need to rise by 15% to eliminate negative equity and secondly that equity withdrawal will add billions of pounds to consumer spending by the end of the decade. ("Home owners in negative equity" "Mortgage equity withdrawal: causes and consequences" Joseph Rowntree Foundation).
CONSUMER SPENDING
HOUSE PRICES
INFLATION
NEGATIVE EQUITY
The Joseph Rowntree Foundation in two separate reports predicts firstly that average prices in England would need to rise by 15% to eliminate negative equity and secondly that equity withdrawal will add billions of pounds to consumer spending by the end of the decade. ("Home owners in negative equity" "Mortgage equity withdrawal: causes and consequences" Joseph Rowntree Foundation).
CONSUMER SPENDING
HOUSE PRICES
INFLATION
NEGATIVE EQUITY