HC Deb 14 December 1994 vol 251 c661W
Mr. Milburn

To ask the Secretary of State for the Environment how many home buyers who took out a mortgage in (a) 1988, (b) 1989, (c) 1990 and (d) 1991 are now experiencing negative equity in each region.

Mr. Robert B. Jones

An estimate of the number of home buyers who took out a mortgage in each of the years 1988 to 1991, still affected by negative equity, by region, based on Department of the Environment house price data is as follows:

(thousands)
Region 1988 1989 1990 1991
South East 73.5 105.0 94.9 65.8
Greater London 18.2 24.8 24.4 11.3
South West 20.7 36.6 33.5 18.3
East Anglia 10.1 18.7 11.7 6.6
East Midlands 3.6 3.1 3.5
West Midlands 0.8 3.8 1.5
Wales 2.9
Yorks and Humberside 6.3
North West
North
Scotland
Northern Ireland
United Kingdom 122.5 189.5 171.4 116.3

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