Retired hold £1.1trn in property wealth… – DOCKLEYS

Compare Listings

Retired hold £1.1trn in property wealth…

Retired hold £1.1trn in property wealth…

The Mail’s Jo Thornhill offers insight into equity release plans, highlighting research from a financial planner which suggests housing wealth among the retired stands at more than £1.1trn. She also looks at how older homeowners are increasingly releasing equity in their homes to help give younger family members a leg up onto the property ladder.

… but older owners not to blame for housing woes

At the same time, with an MPs’ inquiry suggesting that older homeowners should be given support to downsize their homes, it is said that it is important not to put too much focus on older people in larger homes when analysing the housing crisis, saying Government policy is to blame and must deliver the solution.

“It’s unfair to imply that elderly people choosing to stay in their homes are even mildly responsible for younger, poorer people struggling to be housed,” the Observer’s journalists comment.

img

Adam Dockley

Related posts

What tenants should expect from a property inspection

If you’re new to renting, you might be surprised to hear that your home is going to be inspected...

Continue reading
by Adam Dockley

Bunhill Heat and Power – greener, cheaper energy for Islington homes

If you’re considering investing in one of the units at the new City Road development, you’ll be...

Continue reading
by Adam Dockley

Three reasons why you should choose a local estate agent to sell your property

With larger estate agents choosing to cover all of Greater London, and the rise of online estate...

Continue reading
by Adam Dockley

Join The Discussion

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close