Property market horror as 827,000 households are now in negative equity | Mail Online
More than three-quarters of a million homeowners are still in negativity equity, figures have revealed.
In the first three months of 2011, 827,000 households were in negative equity - where the value of their home has dropped to less than their outstanding mortgage.
The fall in the housing market since its pre-credit crunch peak means 7 per cent of mortgaged households would owe money if they sold at current prices, according to research carried out by the Council of Mortgage Lenders (CML).
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