Tuesday, July 8, 2008
This demon of the property market caused nightmares for homeowners 20 years ago and it seems that history could be about to repeat itself. As house prices drop around the country, negative equity poses a real threat to property owners. Fortunately Nationwide released figures earlier this week that house prices only slipped by 0.9 per cent in June - half the rate it fell in May. And what is more comforting for those investing in property is that GE Money Home Lending has produced a reassuring picture of the chances of negative equity affecting homeowners.