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Pensioners "earn" £7k a year from their home

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2018-06-04

The average over-65 homeowner has “earned” £159,000 from their property - the equivalent to making £7,000 annually over the 23 years that pensioners have typically owned their home for.

Home owning pensioners in London are the biggest winners, according to over-55s financial specialist Key Retirement. Their homes have soared in value by £394,944 or £14,257 annually, over an average 27-year timespan.

Meanwhile, over 65s in the South East are more than £230,000 better off from buying a home, while those in East Anglia have seen gains of £206,000.

In total, mortgage-free pensioners own property worth a whopping £1.09trillion.