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Home-owners face wait for profit

Language: English Series: Daily Telegraph ; 21 April 1992, 2(1)Publication details: 1992Subject(s): Summary: Large numbers of unsold houses, vacant after repossession, inheritance or builder`s completion, and, according to figures released by the Council of Mortgage Lenders, 380,000 householders whose mortgages are larger than the value of their homes, are likely to delay any recovery in the housing market.

Large numbers of unsold houses, vacant after repossession, inheritance or builder`s completion, and, according to figures released by the Council of Mortgage Lenders, 380,000 householders whose mortgages are larger than the value of their homes, are likely to delay any recovery in the housing market.