Many homeowners in the north of England remain trapped in negative equity, with research by HomeSimple showing the average price of a property in Blackpool and Middlesbrough has fallen 30% since a peak in 2007.
The research, covering a total of 75 towns and cities in England and Wales, showed that 17 of the 20 places worst affected are in the north.
The north of England has been slower to recover from the losses suffered in and after 2008, HomeSimple’s chief executive, Alex Gosling, said.
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