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Falling house values and compulsory purchase

Falling house values and compulsory purchase - 1992 - Evening Standard 2 November 1992, 15(1) .

Some homeowners with a mortgage greater than the value of their property face losses if the property is compulsorily purchased and compensation is based on open market value.

Subjects--Topical Terms:
COMPENSATION
Compulsory purchase
HOUSING MARKET
NEGATIVE EQUITY

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