Economics
UK Consumer Confidence Drop Feeds Concern About House Prices
- YouGov survey shows first negative reading since 2020 lockdown
- Outlook for house prices plummets with rising mortgage rates
This article is for subscribers only.
UK consumer confidence slipped into negative territory for the first time since the pandemic lockdown in the middle of 2020, with homeowners more concerned the value of their property could be at risk.
YouGov Plc said its reading of sentiment dropped 4.2 points to 98.8 in August. Pessimism fed into perceptions about where house prices are headed, job security and the outlook for personal finances.