In the early 90's from 1990 - 1995 many in the UK were effected by the boom in house prices coming to an end and house prices falling which left many with negative equity. House prices suffered sharp falls, particularly in southern Britain. The causes for house prices falling were due to a number of factors including, high interest rates, 1990 an inflation rate of over 10%, and the previous house price boom making many believe that property prices would continue to be the best form of investment and borrowers ending up with mortgage payments that were difficult to service.
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