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Mr. Casey's cabin's minimal furnishings can only be described as spartan, while the stable house where he and his wife summer is comfortable but unfussy.
We expect ultra-low base rates to underpin stable house pricing and forecast mortgage lending to remain resilient despite heightened economic uncertainty.
Mr. Casey happily escaped to the cabin during the day to write, and then returned to the stable house in the evening to be with his wife and family.
The kitchen in the stable house is barely big enough for two people to get around in. BUT Mr. Casey, while fixing lunch in the tight confines, said he did not envy second-home owners of glorified mini-mansions.
Their property includes a converted stable house, where the Caseys have stayed most summers since the 1980s, and a spacious three-story, seven-bedroom house known as the Forester's Cottage, which is often filled with family and guests.
Howard Archer, chief economist at his Global Insight, said they averaged about 90,000 a month since 1993, while a level of 70,000-80,000 has in the past been considered consistent with stable house prices.
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