HC Deb 22 November 1994 vol 250 cc65-6W
Mr. Milburn

To ask the Secretary of State for the Environment if he will estimate the number of households with negative equity in each of the last two years.

Mr. Robert B. Jones

Estimates of the number of households affected by negative equity are calculated on a quarterly basis. Based on Department of the Environment house price data, around 644,000 households were affected by negative equity in the third quarter of 1994, compared with around 801,000 in the same quarter last year.