Wednesday, Jul 30, 2008
Socio-economic mood will worsen considerably if this is true
Telegraph Online: 1.7m UK homeowners to fall into negative equity, warns S&P
About 1.7m homeowners - or one in seven - may fall into negative equity over the next year as the UK housing market deteriorates further, the world's leading ratings agency has warned. According to a report today from Standard & Poor's, house prices across Britain could fall as much as 26pc before the market bottoms out next year, which will see 14pc of homeowners with outstanding mortgages slip into negative equity.
Posted by inthedelhi @ 05:36 PM (252 views) Add Comment
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