Tuesday, July 6 2004 Mervyn King's warning that house prices could fall seems to have had a mixed impact on consumer confidence, according to research by Nationwide before and after the event. The mortgage lender found a shift in homeowners' perceptions of the likely value of their property in six months' time following his evidence, as fewer people expected to see a rise by Christmas. Before Mr King made his opinion known, 66% of homeowners said they expected the value of their homes to rise but following reports of his comments that figure now stands at just over half (52%). Stuart Bernau, Nationwide's executive Director said: 'Although more people are pessimistic about the future value of their homes, over half of them still expect them to be worth more by the end of the year. 'The short term economy continues to look robust with the jobs market remaining strong and interest rates continuing to be at historically low levels despite recent rises in the base rate. People feel more cautious about the state of the economy in six months time however, and this may lead to them revising future purchasing decisions.' Nationwide
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Chelsea Flower Show 2025: What else to do in SW3 if you're coming to the world's greatest flower showThere's more to Chelsea than just the Flower Show so we've rounded up some of the best places to eat, stay and shop.
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Uniquely unique? The Yorkshire grain silos transformed into a home that's a symphony in glass, steel and curvesAmid the beautiful countryside of North Yorkshire, on the edge of the Castle Howard Estate, The Silos is a property for which the word 'house' simply doesn't cut it. And that's not the only way in which it's made us throw out the dictionary.
