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Fears that negative equity could affect up to three million homeowners Fears that negative equity could affect up to three million homeowners
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Old 11-05-2008, 12:37 PM
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Post Fears that negative equity could affect up to three million homeowners
The Bank of England’s warning that the number of homeowners caught in negative equity could rise from about half a million at present to 1.2 million by 2011, has been considered to be too optimistic.Michael Saunders, a Citigroup economist, has pointed out that the Bank of England bases its figures on a survey of households [...]

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