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Over 1m trapped in negative equity

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  • Over 1m trapped in negative equity

    Michael Saunders, head of European economics at investment bank Citigroup, has warned that every month 200,000 people are falling into negative equity, with around 1.2 million currently trapped in negative equity. Mr Saunders is predicting that the figure will rise to 3 million before the current housing crash comes to an end - this equates [...]

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