LONDON (Reuters) - British house prices could fall by 10%, an executive at Lloyds Banking Group (LON:LLOY) told an industry event on Tuesday, as the economy adjusts to higher costs of debt and living expenses.
Roselyne Renel, group chief credit officer at Lloyds - Britain's biggest mortgage lender - said the bank expected prices to correct by around 10% but did not see a collapse.
"I think we look at maybe a 10% correction," Renel told a Moody's banking conference in London.