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Consumer confidence converging across UK

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  • 04/11/2002
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Consumer confidence in the North and South of the UK is beginning to converge, according to the Wool...

Consumer confidence in the North and South of the UK is beginning to converge, according to the Woolwich Mortgage Index.

In September 64.5% of people in the South and 62.6% in the North surveyed thought property prices would increase, compared to 73.5% and 63.3% last April.

Andy Gray, head of lending at Woolwich, said Britons’ confidence in the housing market is being driven by the North, and suggested the UK is heading towards a more balanced housing market.

Gray said: ‘Northerners’ confidence is catching up with their Southern counterparts and is ahead of the Midlands for the first time this year.’


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