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.

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

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[ZakB]

Houses in UK are mental the 4 new houses that were built next to the Tesco Garage in Kingswinford were sold for 425k each I think somewhere around their only first time buyers would buy that 😭

[mokhachoka]

By the time the money gets to their hands they are looking to buy expensive caskets 😂

[The_Summit_Wanderer]

Let everyone know who ultimately benefits from the increase in value of the asset??? ...Not the dead person anyway

[tonyadams]

Money is the least of there problems when they get to that ladies age. Most of them would sooner be 30 years younger and in better health than old and knowing that they're going to pass away or gett very, very ill soon.

[TheAnxiousInvestor]

Some info in the description around the disparity of wealth between the boomers and others in regards to the housing market here in the UK.

[Maugirl]

But years ago it was still a lot of their money by comparison with today.