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.

IN FULL

Baby Boomers hold more than half of the UK’s housing wealth