[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated:  Wednesday, 5 March, 2003, 00:05 GMT
House boom boosts wealth
Britons are richer than they were two years ago despite stock market falls, a report has revealed.

British homeowners have reaped an estimated 1 trillion dividend through increased house prices, offsetting a 182bn loss in stock market investments, a report from IBM Business Consulting claims.

As a result, the average UK adult has seen their total net wealth increase from 64,000 in 2000 to 70,000 last year

However, the IBM report warns that wealth has become too tied up with the value of their homes, and that Britons had become "cash poor."

The report found that the proportion of wealth which could be described as "liquid" - in cash and shares - had fallen from 30% to 23% between 2000 and 2002.

Nation's wealth to be 'mapped'
31 Jan 03 |  Business
Britons prefer spending to saving
19 Jun 02 |  Business

The BBC is not responsible for the content of external internet sites


News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific