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House Prices in the South are Heading North

It appears that rising house prices and a more stable economy are helping drag the South from its burden of Negative Equity. With prices rising by 9pc in the last year alone more than 45,000 homeowners have seen their properties leave Negative Equity.

According to the ESRI's housing analyst Dr David Duffy if property values continue to rise at this rate nearly every home in the South will be free of Negative Equity by 2018. However he warns that the level of borrowing and property values pre 2007 mean that many homeowners will continue to be left trapped by the shackles of Negative Equity.

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