Analysis reveals how much property wealth has risen for retired home owners

propertywire | June 28, 2019

Retired home owners saw their property wealth increase by more than £1,000 in the past year despite ongoing housing market uncertainty, a new analysis shows. Overall, total property wealth owned by over 65s who have paid off mortgages is valued at £1.096 trillion, down from the £1,118 trillion recorded in February 2019, according to the report from equity release adviser Key. It says that this is due to the impact of the housing market slowdown, however on an annual basis from June 2018 to June 2019, retired home owners still saw an increase of £5.445 billion. Since Key started analysing the mortgage free property wealth of the over 65s in 2010 retired home owners have benefited from growth of 41, a total of more than £316 billion, earning them gains of £67,000 in almost a decade. Across Britain average gains for the over 65s in property wealth in the past year are equivalent to £1,160 each but the national average does not tell the whole story. The biggest winners are over 65s in the West Midlands who are nearly £7,500 better off than a year ago with retired home owners in Wales at £6,560 and those in the North West at £6,297. But retired mortgage free home owners in London have lost more than £1,000 a month in the past year while over 65s in the South East and East Anglia have also seen property wealth values drop. Scottish retired home owners saw property wealth slip slightly too.

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The REMM Group Real Estate Management Company of Orange County is National Top 10 Best Places to Work Multifamily®

The REMM Group | December 21, 2022

For the third year in a row The REMM Group has won a top 10 nationwide ranking on the Best Places to Work Multifamily® list. The REMM Group was awarded the honor at the Multifamily Innovation® Summit Scottsdale, AZ. Winners are selected after rigorous research and interviews conducted by Multifamily Leadership. The multifamily industry contributes $3.4 trillion dollars to the economy annually, supporting more than 17.5 million jobs. Talent recruitment for those jobs is competitive. The Best Places to Work Multifamily ranking helps job seekers choose companies that prioritize employee satisfaction. The REMM Group is a 3rd party management company, providing full service multifamily and commercial management for real estate owners in Southern California. "We are honored that Multifamily Leadership ranked us in the top ten Best Places to Work Multifamily Nationally for the third year in a row. Great people make all the difference in property management. Building a team of engaged, caring and skilled employees takes more than just providing a good paycheck. The in-depth interviews and research done as part of this award process helps us evaluate our culture, innovations, and policies to make sure they are hitting the mark with our team members." -Sara D'Elia, CEO of The REMM Group The REMM Group's Vice President of Marketing and Technology, Windell Mollenido, added, The REMM Group is on The Best Places to Work Multifamily list year after year because we constantly look for ways to improve. The reports show us what support our team members find most relevant and where we might need to make changes. In our constantly evolving industry, we need to stay vigilant to what matters today for our employees, this data helps us do that. Our vibrant and supportive culture allows us to recruit the best talent, Those caring team members make sure the residents and owners of the communities we manage are happy and thriving. That simple formula is a key to our success,said D'Elia. The REMM Group has over 5,000 apartments under management. They are an IREM Accredited Real Estate Management Organization (AMO) providing lease-up and property management for multifamily, mixed-use, office, industrial, retail, and BTR properties in Southern California.

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LendSure’s Bridge Financing program empowers borrowers to access equity from their current home to purchase a new home with no monthly payments on the bridge financing. Borrowers can gain a competitive advantage in a hot housing market by making a non-contingent offer on the new property.

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