80% of homes worth less than they were five years ago

New research by the property website Zoopla.co.uk shows that 3.5 million properties bought since 2006 are now worth less than what they were sold for. This figure equates to 80% of all homes since 2006. The study went on to conclude that many homeowners who have seen a drop in the value of their home and who want to move, are setting unrealistic sale prices which buyers will not pay and are therefore finding themselves stuck and unable to move. Nicholas Leeming, business development director at Zoopla.co.uk, said: "There is an unprecedented number of homeowners 'stuck' with homes they bought in recent years ...