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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. BMW returns to BNP Paribas Open with exclusive closed-room model preview
  2. St. John Knits promotes Mandy West to CEO
  3. Armani Beauty appoints actor Keith Powers as global fragrance ambassador
  4. St. Regis checks into Queenstown, signs on for first New Zealand hotel
  5. Armani opens up about beauty values with Tessa Thompson
  6. Armani names Tessa Thompson as newest ambassador
  7. Pomellato launches International Women’s Day 2026 initiative
  8. Porsche Experience Centers in Atlanta, Los Angeles log 1 million visitors
  9. YSL Beauty refreshes US ambassador roster
  10. Chanel returns to roots for J12 watch campaign
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