Homeowners who bought at the peak of the market face four more years of negative equity, a housing group said.
The National Housing Federation (NHF) said the average buyer in England paid £216,800 for a home in 2007.
They may now have to wait until 2014 before prices recover enough to make their homes worth more than their loan.
Meanwhile, figures from the Bank of England show that the number of mortgages approved for UK home buyers was barely changed in July at 48,722.
You can read more at the BBC Website here.
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