New research suggests that as many as 170,000 people will fall into negative equity by the end of next year if house prices continue to drop.
The research, by Goodbody Stockbrokers, expects that by the end of 2009 house prices will have fallen 30% from their peak in 2007.
Combined with the fact that one in three homebuyers took out 100% mortgages at the peak of the boom, the research concludes that thousands will fall into negative equity.
Half of those who bought between 2005 and 200... read more »
