Baby Boomers hold more than half of the UK’s housing wealth
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Baby Boomers’ housing wealth swells to record £2.9 trillion
- Homeowners aged 60 and over in the UK hold over half (a record £2.89 trillion) of the nation's owner-occupied housing wealth.
- Baby Boomers’ share (56 per cent) contrasts with the younger generation's 6 per cent share.
- Over-75s account for almost a quarter (23 per cent) of the total housing wealth.
- While holding substantial wealth, the over-60s still have around £60 billion in outstanding mortgage borrowing.
- Savills suggests providing more retirement housing and downsizing incentives to free up equity and help younger generations enter the housing market.