In 2007 Halifax estimated that the UK’s housing stock was worth a total of £4,077bn, but over the past 10 years the figure has risen to £6,015bn. The big rises in the value of the UK’s housing stock have mostly taken place in the south. Among the biggest gainers of property wealth in the south have been landlords and second home owners. The vast majority of housing wealth is owned by the over-55s. Halifax estimated that under 35-year-olds own just 3.3% of the UK’s net property wealth, while the over-55s hold 63.3%.

Source: The Guardian November 29, 2017 06:00 UTC