HC Deb 20 December 1995 vol 268 c1238W
Mr. Welsh

To ask the Secretary of State for the Environment what was the percentage of home buyers in each of the past five years experiencing negative equity in England. [7247]

Mr. Clappison

Estimates of negative equity are sensitive to underlying assumptions such as changes in house prices. Using the Department's house price index, it is estimated that, in each of the last five years, the percentage of households in England buying their home with a mortgage who experienced negative equity was as follows:

  • 1990: 3 per cent.
  • 1991: 6 per cent.
  • 1992: 10 per cent.
  • 1993: 11 per cent.
  • 1994: 8 per cent.
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