Sunday 2 September 2012

Pensioners gain £13 billion on property value - IFAonline

Pensioners gain £13 billion on property value - IFAonline

Retired homeowners gained a total of £13.66 billion on their property value in the past three months, research has found.
Figures from Key Retirement Solutions, an equity release specialist, shows the over 65s are sitting on £756.7 billion of property wealth and gained an average of £2,956 each as the market stabilised.
Dean Mirfin, group director at Key Retirement Solutions said: "That masks big differences with pensioners in London, Scotland and Wales seeing major gains while other regions are standing still or seeing losses."
rp-equityrelease

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