Nationwide argues 'King knocks consumer confidence'

Latest research by Nationwide – conducted both before and after King commented on the current market boom – reveals a drop in the number of people who believe their homes will have increased in value by the end of the year compared with the period before he issued his warning. More people also think the value of their homes will fall, since King made his statement, Nationwide says. Research suggests 52% of homeowners now expect their homes to be worth more by the end of the year, whereas 66% believed their homes would increase in value before King’s speech. Twice as many people als...