Monday, May 21, 2007
Pensioners sitting on £1.25 trillion of property value
Homewise Pensioner Property Equity Index has revealed the value of pensioner property has risen by £41.5 billion over Q1 2007. The Index showed that equates to a collective increase of around £461.49 million every day. According to the retirement finance and property specialist, the nation's 6.3 million retired homeowners have each gained on average around £6,553 in property wealth since January. Over the past 12 months a pensioner can expect to have gained on average around £20,017 in the value of their home and the total collective worth of British pensioners' homes now stands at some £1.252 trillion.