Wednesday 24 May 2017

Still feeling the pain – first-time buyers and debt-laden owners

Thousands are still waiting on refund on property tax. Picture posed: Thinkstock
Thousands are still waiting on refund on property tax. Picture posed: Thinkstock
Charlie Weston

Charlie Weston

For some, house prices are not rising fast enough.

These are the boom buyers who bought between 2005 and 2012.

They are now stuck in negative equity, with their property's value having fallen so much it is only worth half of the value of the mortgage taken out on it. It is estimated that up to half of those with a mortgage are in negative equity.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Don't Miss