Figures just out from the bank of England show that home owners injected £6.1bn of equity into their homes in Q3 2010 compared with £5.8bn in Q2.
It was the 10th consecutive quarter in which the amount of money people extracted from their homes was negative. Individuals have injected £49.7bn into housing equity since Q2 2008 when the housing equity withdrawal measure turned negative.
The figure is also the biggest net injection of equity people have made into their homes since Q1 2009.
Housing equity withdrawal as a percentage of post-tax income was -2.4% in Q3 2010 compared with -2.3% in Q2 2010.
No comments:
Post a Comment