§ Mr. MilburnTo ask the Secretary of State for the Environment, pursuant to his answer of 30 November,Official Report, column 726, if he will now update the table on negative equity.
§ Mr. Robert B. JonesEstimates of negative equity are sensitive to the house price index used. Based on Department of the Environment house price data, an estimate of the number of households affected by negative equity in the fourth quarter of 1994 and the value of negative equity by region are as follows:
Region No. of households (thousands) Value (millions) South East 334.68 -1576.97 Greater London 96.80 -363.39 South West 82.82 -282.18 East Anglia 61.59 -238.33 East Midlands 13.67 -19.02 West Midlands 15.32 -15.99 Wales 17.45 -45.94 Yorks & Humberside 30.54 -28.67 North West 6.47 -1.46 North 8.52 -10.12 Scotland 8.52 -6.12 Northern Ireland 1.06 -1.15 United Kingdom 677.44 -2589.34