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Written question asked by Tom Brake (Liberal Democrat) on Wednesday, 20 February 2008, in the House of Commons. It was due for an answer on Friday, 22 February 2008. It was answered by Angela Eagle (Labour) on Wednesday, 27 February 2008 on behalf of the Treasury.


Negative Equity: Greater London

Question
To ask the Chancellor of the Exchequer what estimate his Department has made of the number of people who have gone into negative equity in each London borough since 2000.
Answer

The Government have made no estimate of the number of people who have gone into negative equity in each London borough since 2000. Land Registry data shows an average monthly increase in house prices since May 2000 in each London borough of between 0.7 per cent. and 1.0 per cent., reducing the probability that individuals in London boroughs will have experienced negative equity in that period.


Secondary information

Type
Written question
Reference
188971; 472 c1641-2W
Session
2007-08
Subjects
Housing Greater London Negative equity
Link
View this Written question on www.publications.parliament.uk