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Dec. 23, 2025
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Government

Bank of England raises base rate, causing concern for luxury real estate owners

November 3, 2017

With the rising base rate, luxury real estate owners will be paying higher mortgages. Image credit: Knight Frank

 

By Danny Parisi

The Bank of England has raised the United Kingdom’s base interest rate for the first time in a decade, in an effort to combat spiraling inflation in the country in the wake of the Brexit vote.

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  1. Louis Vuitton introduces Visionary Journeys Seoul
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  3. Dolce & Gabbana debuts Devotion fragrance film
  4. Ennismore picks Bangkok site for first-in-region SLS Residences
  5. Laura Burdese to succeed Bulgari CEO
  6. Kering to acquire jewelry manufacturer Raselli Franco Group
  7. Luxury Unfiltered: The luxury market will lose the middle ground in 2026
  8. Exclusive Resorts purchases Inspirato for $59M
  9. Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’
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