Price shock for home own­ers

Yorkshire Post - Property - - PROPERTY -

NEW re­search from prop­erty web­site shows that four out of five homes bought in Bri­tain since 2006 have a mar­ket value be­low their pur­chase price.

Of the 4.32m homes pur­chased since 2006 and where the own­er­ship re­mains the same, 80 per cent are worth less to­day than their pur­chase price, ac­cord­ing to

Worst af­fected are the home­own­ers who bought at the peak of the mar­ket – 93.2 per cent of homes bought in 2007 and 88.9 per cent of those bought in 2008 are now “un­der­wa­ter”.

The North-East is the worst af­fected area.

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