Barclays head predicts further house price falls
The head of Barclays bank has predicted house price falls in total of 30% from top to bottom


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.’
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
Country Life is unlike any other magazine: the only glossy weekly on the newsstand and the only magazine that has been guest-edited by HRH The King not once, but twice. It is a celebration of modern rural life and all its diverse joys and pleasures — that was first published in Queen Victoria's Diamond Jubilee year. Our eclectic mixture of witty and informative content — from the most up-to-date property news and commentary and a coveted glimpse inside some of the UK's best houses and gardens, to gardening, the arts and interior design, written by experts in their field — still cannot be found in print or online, anywhere else.
-
You’ve got to have a lot of balls: Wimbledon by numbers
How many strawberries are consumed, how many petunias purchased and just how much racket string is required at the world’s oldest tennis championships? Lotte Brundle serves up the numbers.
-
Chatsworth's winning £4 million Lottery ticket means it can restore beloved water feature
The Chatsworth House Trust will use the money from The National Lottery Heritage Fund to restore their Cascade — beloved by Alan Titchmarsh.