| 29.10.2008 - Bank of England predicts 1.2 million property owners will fall into negative equity |
| From Propertywire.com: Over a million British properties could fall into negative equity as house prices drop faster in the UK than in the US, the Bank of England is warning. About 1.2 million British households could suffer outstanding mortgage debt higher than the value of their home, it said in twice-yearly Financial Stability Report..... Full Article: Source |