Saturday, January 8, 2011
Held to ransom – or too heavy to support?
The article cites analysis of UK homes over the past decade from Savills, and includes an interactive chart of regional 'worth' each year over the period. Notable points include: - London and the South East comprise more than a third of UK housing wealth. - Those aged over 45 account for approx. 83% of UK housing wealth. - 40% of equity in the UK housing market is governed by those aged over 65. - Savills' analysis claims that the average LTV across the whole of the UK residential market is 30%. You'll need to register (free for 10 articles a month) with the FT to read the piece, in respect of copyright.