|
Homeowners cope with price falls
|
|
|
Posted on
May 16 2008 2:50 AM
by
adeal
|
Homeowners are far better placed to weather a house price crash than they were in the early 1990s, analysis for the BBC has suggested. House prices would have to fall by 56% to put the average mortgage borrower in negative equity.
Government figures suggest the average borrower has an outstanding mortgage worth 44% of their property's value.
The analysis was done for the BBC programme the Truth About Property, by housing intelligence monitor Hometrack. According to Hometrack, the average homeowner has equity worth £167,000.
|
|
No comment found for this blog
|
|