A golden age for fiftysomethings

publication date: Mar 5, 2010
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

A golden age for fiftysomethings

The phenomenal rise in property values over the past 25 years has benefited one group of homeowners more than any other — the asset-rich, time-rich fiftysomethings who are coming up for retirement. Those in their sixties and early seventies may also find themselves in a strong position, equity-wise at least.

In many ways, they are the have-it-all generation: fiscally and physically fit, they are generally mortgage-free, often own a second home in Britain or abroad, and are healthy enough to make the most of it. They’re the ones with all the equity.

A typical professional on the verge of retiring is worth nearly £1m, according to a recent government report, and the over-65s are the country’s fastest-growing demographic group.

Read on for Kate's comments on 'A golden age for fiftysomethings'

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