The number of people who think property prices will fall has doubled since the recent warning by the Governor of the Bank of England.
The Nationwide building society said just five per cent of people thought their home would have lost value by the end of the year before Mervyn King's warning last month but this had since doubled to ten per cent.
At the same time the number of people expecting the value of their property to continue rising during the coming six months has fallen from 66 per cent to 52 per cent.
Mr King warned house prices were now "well above what most people would regard as sustainable in the longer term".
Wednesday July 07, 2004
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