Posted on August 26, 2009 - by admin

British pensioners own £654 billion in property equity

As house prices show signs of stabilising, the latest Prudential Equity Release Index shows gains for over-65 homeowners in Scotland, London, West Midlands, North West and Wales. According to the Index, homeowners in England and Wales aged 65 and over have retained £611 billion of equity in their property and a further £43bn is held in Scotland as the housing market begins to show signs of stabilising following two years of decline.

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British pensioners own £654 billion in property equity