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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13 Articles
13 Articles
All
Left
2
Center
2
Right
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Coverage Details
Total News Sources13
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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