1 min read

UK negative equity mapped

negequityProportion of borrowers facing negative equity in different regions of the UK. As you can see, more than one in ten in the North West and Yorkshire & Humber currently owe more than the value of their home. The proportion in London and the South East is lower than 1%.

During the early 1990s housing slump around 11% of mortgage borrowers across the UK were in negative equity; however, the pain was mostly felt in the South East and London, in stark contrast to the current situtation.

Nonetheless, it’s yet more evidence of the stark north-south divide we’ve covered in various pieces over the past year or so.

UPDATE: According to Steve Laird the figure for Northern Ireland is 35%, according to the CAB.

 

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