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People over 60 hold more than half of the UK’s housing wealth: Savills

  • Older homeowners in the UK aged 60 and above hold over £2.89 trillion of net housing wealth, which is more than 50% of the total owner-occupied housing wealth in the nation, according to Savills.
  • Homeowners aged over 75 account for nearly 23% of the total housing wealth, while those under 35 hold just 6%.
  • Older homeowners have £60 billion in outstanding mortgage borrowing, which is 2% of their total home value, according to Savills.
  • Lucian Cook from Savills emphasizes that providing more retirement housing is fundamentally important to help younger generations access the housing market.
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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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Evening Standard broke the news in London, United Kingdom on Sunday, April 27, 2025.
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