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.’
-
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.
-
Polluting water executives now face up to two years in prison, but will the new laws make much of a difference?The Government has announced that water company executives caught covering up illegal sewage spills could now be imprisoned for two years, under new laws — but many still have their doubts.
