Homeowners investing more – Source: http://www.bankofengland.co.uk Housing Equity Withdrawal (HEW) was negative again at -£3.2bn in 2010 Quarter 1, continuing the recent trend for homeowners to invest more cash into their own homes.
Homeowners investing more – Latest statistics released by the Bank of England show that HEW was still negative at -£3.2bn in Q1 2010, although slightly less negative than the Q4 2009 figure of -£3.4bn (revised up from the previous published figure of -£4.0bn). Since Q2 2008, individuals have injected £38.3bn into housing equity, which was when the HEW measure turned negative. HEW as a percentage of post-tax income was also slightly less negative than the previous quarter, at -1.3% compared to -1.4% in Q4 2009 (up from the previously published -1.6%).
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