‘Generational divide’ widens as UK housing wealth held by over-65s hits record high of over £2.6 trillion
'The generational divide in housing wealth sits at the heart of a lot of the tensions around housing, and how these older home owners elect to deploy their equity has the potential to shape the market for the next generation,' says Savills' research chief, Lucian Cook.
What to read next
Total UK housing value climbs 1.5% to record high
Savills estimates the combined value of British homes currently stands at £9.18 trillion.
Over‑60s hold majority of UK housing wealth, Savills analysis reveals
'The passing of equity between generations is going to be a prominent feature of the housing market in coming years,' comments research chief Lucian Cook.
UK set for record wealth exodus in 2025
This is a 'pivotal moment' in global wealth migration, says Henley & Partners as Britain 'leads the world in millionaire outflow'.
Most read
Savills consolidates flagship PCL teams
Big-brand agency is relocating its Knightsbridge operations to Sloane Street.
Super-prime buying ‘flurry’ drives London’s £5mn+ market
New analysis reveals how many high-value sales went through in Q2, plus which outer-prime neighbourhood has joined London's top three £5mn+ enclaves for the first time.
High-profile buying agency toasts 20 years in business
Sloane Square-based firm reveals acquisition record and says industry shifts have made the market 'increasingly difficult' for buyers to navigate.
Full-floor shell penthouses atop Park Lane ‘Grande Dame’ building seek £50mn
Agents instructed on 19,000 sq ft with planning for four big laterals in Art Deco landmark overlooking Hyde Park.
Veteran sales director joins Douglas & Gordon
Former Aspire, KFH and Fine & Country operator joins London agency's self-employed network.
What do the wealthiest want? Four questions, 32 experts, ten key findings
'Something has shifted at the very top of the market,' declares LPF boss Priya Rawal after consulting a panel of luxury property insiders.
High-profile developer wins £1.9mn SDLT battle over Chelsea mega-mansion
Upper Tribunal dismisses HMRC appeal in long-running tax dispute.
Knightsbridge Estate & Harrods begin Hans Crescent revamp
Public realm upgrade will bring new planting, trees, seating and lighting to the well-trodden Knightsbridge route.
Developer offers £42k private school sweetener to homebuyers
Two years of fees are on the table at a north London scheme as firms look to tempt purchasers with increasingly inventive incentives.
Burnham ‘rules out’ scrapping Stamp Duty in the next Budget
But other reports suggest the new government is 'actively looking' to replace council tax & stamp duty with a new system.
LATEST ARTICLES
Super-prime construction firm builds leadership team
Knowles makes trio of senior appointments amid ‘increasing demand’ for top-end services in London and further afield.
‘2026 likely to prove one of the lowest years for London transaction volumes on record,’ warns Foxtons boss
Major estate agency's profits hit hard by 'materially lower' sales volumes and 'short-term volatility' in the lettings market.
Agency reports flurry of high-end rental deals in St John’s Wood
Recent run of activity in the NW London enclave included the off-market letting of a £20k pw mansion.
My Property Career: Quickfire Q&A with Craig Draper
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Sea-view asking prices up 27% since 2019
Properties with watery views have seen higher price growth than those without over the last seven years.