"Data from Savills shows that those aged 60 and over own 55 per cent of the UK's housing wealth, while those aged 40 and under own only 10 per cent, demonstrating a widening generational gap."
"The over-60s own a record £3.84 trillion without mortgages, including main and buy-to-let, with £2.925 trillion in main homes alone, up £35 billion from the previous year."
"People in their 50s own £1.139 trillion, making up 23 per cent of the market, while those in their 40s own £860 billion and those in their 30s own £536 billion."
"Separate analysis has revealed that over 65s make up 62 per cent of households that owned their homes outright in 2024/25, compared to 23 per cent of 55-64s."
Baby boomers aged 60 and over own 55% of the UK's housing wealth, while those aged 40 and under own only 10%. The over-60s possess a record £3.84 trillion in housing wealth, including £2.925 trillion in main homes. In contrast, younger generations collectively own just £1.526 trillion, representing 22% of the market. The trend shows a widening generational gap in home ownership, with over 65s making up 62% of households owning their homes outright in 2024/25.
Read at www.independent.co.uk
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