The head of Barclays bank has predicted that house prices will fall in total by 30%. John Varley, group chief executive of Barclays, painted a bleak outlook in an interview on Sky News, during which he criticised mortgage borrowing levels over the last decade.
He warned the UK was only ‘halfway’ through the arc of house price falls. He said: ‘Our view was that from the top to the bottom, you would see a fall of something like 25 to 30%.
‘We're probably about halfway through that period, so in other words we've got another 10 to 15% to fall between now and the end of next year.’
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380 acres and 90 bedrooms on the £25m private island being sold by one of Britain's top music producersStormzy, Rihanna and the Rolling Stones are just a part of the story at Osea Island, a dot on the map in the seas off Essex.
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'A delicious chance to step back in time and bask in the best of Britain': An insider's guide to The SeasonHere's how to navigate this summer's top events in style, from those who know best.
