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Housing equity withdrawal static in Q4 2011

The Bank of England’s latest housing equity withdrawal in Q4 2011 was static on Q3 with another fall of £8.5bn.

The negative figures indicate a continued injection of housing equity by households overall, with the net flow of lending secured on dwellings remaining weaker than investment in housing.

Housing equity withdrawal is the balance on the effects of housing equity from changes in the stock of secured lending when households take out or repay debt or when new properties are built or improvements to existing properties have been made.

The overall balance of housing equity has been negative since the financial crisis hit, but the Bank says this is a sign that housing transactions have fallen with little sign that households are making an active effort to pay down debt anymore than they had done in the past.

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