Negative Equity Four Years

Published / Last Updated on 30/08/2010

The National The National Housing Federation (NHF) has said that people who bought homes at the property height in 2007 should expect to be in negative equity until 2014.

The average house purchase in 2007 was £216,800. The NHF expect average prices to rise steadily now until 2014 by 22% from its current level to £226,900.

In short, those who bought in 2007 will have to wait another four years until 2014 before coming out of negative equity.

This of course may mean it is a fantastic buying opportunity for new home owners and investors.

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