{"id":140066,"date":"2023-10-30T07:01:01","date_gmt":"2023-10-30T00:01:01","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-rises-caused-sharp-drop-in-uk-household-wealth-report-finds\/"},"modified":"2023-10-30T07:19:21","modified_gmt":"2023-10-30T00:19:21","slug":"interest-rate-rises-caused-sharp-drop-in-uk-household-wealth-report-finds","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-rises-caused-sharp-drop-in-uk-household-wealth-report-finds\/","title":{"rendered":"Interest rate rises caused sharp drop in UK household wealth, report finds"},"content":{"rendered":"


\nResolution Foundation says higher interest rates have led to a fall in house prices and pension potsThe recent rise in interest rates has been blamed for ending Britain\u2019s wealth boom and causing total household wealth to plunge by a quarter since the Covid-19 pandemic.A report by the Resolution Foundation, a thinktank, and Abrdn, the asset manager, said the fall was due to a drop in house prices and pension pots, which account for about \u00a34 out of every \u00a35 of total wealth, and played a leading role in rising wealth across the country over the 40 years leading up to the pandemic. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Interest rate rises caused sharp drop in UK household wealth, report finds<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Resolution Foundation says higher interest rates have led to a fall in house prices and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-140066","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Ar8","jetpack-related-posts":[{"id":58248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wealth-gap-rises-as-home-ownership-falls-says-study\/","url_meta":{"origin":140066,"position":0},"title":"Wealth gap rises as home ownership falls, says study","date":"June 18, 2017","format":false,"excerpt":"\r Resolution Foundation finds that half the nation\u2019s wealth belongs to a tenth of adults as property ownership declinesA fall in home ownership is fuelling the return of rising wealth inequality across Britain, it has emerged.Booming house prices in the run-up to the financial crisis had led to a decade-long\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64038,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/second-home-ownership-up-30-since-2000-research-finds\/","url_meta":{"origin":140066,"position":1},"title":"Second-home ownership up 30% since 2000, research finds","date":"August 19, 2017","format":false,"excerpt":"\r According to thinktank the Resolution Foundation, the proportion of adults owning no property has also risen, leading to wealth inequalityOne in 10 UK adults, or 5.2 million people, own a second home, while four in 10 adults own no property at all, according to new research that highlights the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-rate-since-2009-after-interest-rate-rises\/","url_meta":{"origin":140066,"position":2},"title":"UK house prices fall at fastest rate since 2009 after interest rate rises","date":"August 1, 2023","format":false,"excerpt":"\r Nationwide says cost of a typical home is \u00a3260,828 after 3.8% year-on-year drop in JulyBusiness live \u2013 latest updatesUK mortgage approvals rise despite surge in interest ratesAnalysis \u2013 mortgage rates show sign of easingUK house prices fell last month at the fastest annual rate in 14 years, as higher\u2026","rel":"","context":"In "Property 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