Boomers own 78% of the UKs Private Housing Wealth

The disparity in wealth between the Baby Boomers and other generations has been laid bare by recent research by Savills.

This data shows that over-50s now hold an eye-watering 78 per cent of all the UK’s privately held housing wealth, with over-65s, the wealthiest age group, owning property worth a whopping £2.587 trillion net.

In total, the housing stock owned by over-65s is valued at £2.735 trillion, £2.038 trillion of which is mortgage free.

The younger 50–64-year-olds haven’t fared too badly either, sharing a further £2.213 trillion of estimated housing equity.

Interestingly, the data also showed that 50-64-year-olds are the UK’s biggest landlord group and hold £679 billion of housing equity in the private rented sector, while landlords over 65, many of whom may have started to sell up to retire, still have housing investments worth £405 billion.

Source: https://www.standard.co.uk/homesandproperty/property-news/baby-boomers-property-wealth-uk-london-generation-property-gap-b1077686.html

#property #housingmarket #landlords #boomers #rent #renting #buyingahome #Buyingahouse #mortgage #propertycrash

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