British households injected a net total of GBP 8 billion into housing equity in the third quarter, a report on Housing Equity Withdrawal (HEW) from the Bank of England showed Monday.
This was slightly less than GBP 9. 44 billion injected in the second quarter.
The negative figure indicates a continued injection of housing equity by households overall, with the net flow of lending secured on dwellings remaining weaker than their investment in housing.
The flow of secured lending remained positive, the central bank data showed.
HEW as a percentage of post-tax income was -2. 9 percent in the third quarter, compared to -3. 5 percent for the second quarter.
2012-12-31 13:42