HC Deb 28 July 1997 vol 299 cc46-7W
Mr. John M. Taylor

To ask the Secretary of State for the Environment, Transport and the Regions what estimate he has made of the number of United Kingdom properties in negative equity in each year since 1979. [10962]

Mr. Raynsford

Estimates of the number of households in the United Kingdom with negative equity based on the Department's mix adjusted house prices index are available from 1989. The figures for the final quarter of each year are as follows:

  • 1989: 78,000
  • 1990: 340,000
  • 1991: 507,000
  • 1992: 1,221,000
  • 1993: 894,000
  • 1994: 677,000
  • 1995: 907,000
  • 1996: 287,000.

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