More than half of the UK's net housing wealth, specifically 55 per cent, is concentrated in the hands of owner-occupiers aged 60 and over, new analysis from a property firm indicates.
The study by Savills estimates this demographic collectively holds a staggering £3.84 trillion in housing equity. Approximately £2.92 trillion of this sum is tied up in main residences, with the remaining equity distributed across buy-to-let investments and other residential properties.
