The cost of the housing crash is laid bare tonight in exclusive analysis for ITV News. It reveals that more than a hundred thousand families have lost a total of three billion pounds.
Analysis by Castle Trust of every housing transaction in England and Wales shows that those who bought in the good times and have subsequently sold have taken a huge hit to their bank balances, an average of £24,000 each if they bought and sold between 2007 and 2012.
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London councils recorded the largest surpluses, with the capital's 33 local authorities accounting for 44% of the total figure.
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