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Housing Today
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Housing wealth held by over 60s hits record-high £2.9 trillion, says Savills
Head of residential research says there is ’little incentive’ for boomers to downsize
Owner-occupiers aged 60 and above are sitting on a record £2.89 trillion of net housing wealth in the UK, according to estimates by property firm Savills.
The new research revealed this age group controls more than half (56%) of the UK’s owner-occupier housing wealth, while those over 75 control almost a quarter (23%). By contrast, under 35s hold just 6%.
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