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Negative equity trap

Language: English Series: Independent ; 25 November 1993, 8(1)Publication details: 1993Subject(s): Summary: Four out of five recent homebuyers in London are trapped in homes worth less than they paid for them and face a lifetime of debt according to a survey by the Association of London Authorities. Table.

Four out of five recent homebuyers in London are trapped in homes worth less than they paid for them and face a lifetime of debt according to a survey by the Association of London Authorities. Table.