Over-60s now own 55% of all property in the UK

Baby boomers now own the majority of the country’s housing wealth, new analysis shows, as younger generations are waiting increasingly longer to get on the property ladder.

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.