Almost a quarter of young homeowners are worried about experiencing negative equity as a result of falling property prices, according to a survey by Fool.co.uk.
The survey also found one in eight homeowners aged 24-34 have put off plans to move until the housing market situation becomes clearer, while a similar number have decided to buy property if prices continue to fall. The website said fear among young homeowners provides further evidence that stamp duty thresholds should be raised to stimulate the housing market. The Fool.co.uk survey of those who have yet to work through a recession found 23% of young homeowners worried about negative equity. Furthermore, 18% admitted to making regular enquiries about the value of their home, fearing prop...
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