Prop­erty wealth rises over decade

Yorkshire Post - Property - - FRONT PAGE -

TO­TAL house­hold wealth in the UK has in­creased by £2.36 tril­lion (55 per cent) in the past decade, ac­cord­ing to lat­est re­search by Lloyds TSB Pri­vate Bank­ing.

The in­crease is equiv­a­lent to £86,342 per house­hold since 2001. The value of house­hold wealth has grown at a faster rate than the over­all in­crease in con­sumer prices, with the re­tail price in­dex up by 38 per cent over the past ten years, as well as gross house­hold dis­pos­able in­come, which grew by 44 per cent.

Bricks and mor­tar as a per­cent­age of house­hold wealth in­creased from 36 per cent in 2001 to 40 per cent in 2011. How­ever, the to­tal value of mort­gage debt more than dou­bled (111 per cent) from £591bn in 2001 to £1.25 tril­lion in 2011.

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