Delay in housing market recovery
Delay in housing market recovery
- 1992
- Financial Times 4 July 1992, 4 (2) .
Some homeowners continue to be trapped in homes valued at less than the mortgage used to buy them and, in the south-east, with the prospect of prices only reaching 1988/89 levels by the year 2000, assuming a 5% annual rate of increase in prices. The number of house transactions for the first five months of this year from the Inland Revenue confirms the gloom.
EAST ANGLIA
FORECAST
HOUSE PRICES
HOUSING MARKET
NEGATIVE EQUITY
Some homeowners continue to be trapped in homes valued at less than the mortgage used to buy them and, in the south-east, with the prospect of prices only reaching 1988/89 levels by the year 2000, assuming a 5% annual rate of increase in prices. The number of house transactions for the first five months of this year from the Inland Revenue confirms the gloom.
EAST ANGLIA
FORECAST
HOUSE PRICES
HOUSING MARKET
NEGATIVE EQUITY