Darwen Pensioner Homeowners Are Now Worth £544,506,700
How wealth is distributed will always be a contentious issue, especially as the Baby Boomers (those aged between their late 50’s and late 70’s) wealth has grown exponentially over the last 20 years, compared to the wealth of the younger generation.
With most UK property in the hands of the older generation, with its total value about to smash through the £8 trillion barrier (up from £3 trillion at the start of the Millennium), is it right that so much wealth is concentrated in the hands of the older generations?
As national house prices have continued to grow unabated (for example in the last eight years by 49.9%, whilst real take home pay has only increased by 11.8%), this has meant younger people are finding it even harder to get onto the property ladder and those already on it to move up it.
Looking at the older end of the age range for home ownership … of the 12,363 homes in Darwen, 2,879 households are 65 years or older and 73.6% of those households (2,119) are owned (mostly without a mortgage)
With a full split as follows …
Owned 73.6%
Council house 17.7%
Privately rented 5.6%
Living rent free 2.0%
Shared ownership 1.1%
Share:
Please note that once you subscribe you will recieve a comfirmation email, it may go into your junk folder.
* required fields
Looking for Property Investment Opportunities in Darwen or East Lancashire? well your in the right place. In this blog, I will talk about what is happening in the Darwen property market itself, even looking at specific streets and estates in Darwen. At other times, I will post what I consider decent buy to let deals in the town. Some will be on the market with me (as I also sell property and source for investors from all backgrounds and levels of experience), but most will be on the market with other estate agents in Darwen. I like to look at the whole of market and give you, what I consider the best investment opportunities, regardless of which agent is selling it.
1 July 2021
Paul Ainsworth Lord from Ainsworth Lord Estates in Darwen talks about “Making Moving Easier” Moving day can be stressful enough, but a bit of forethought can go a long way. For example, many people take the opportunity to clear any unwanted junk out of their homes and lives....
9 June 2021
Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Darwen...
11 May 2021
Darwen Pensioner Homeowners Are Now Worth £544,506,700 How wealth is distributed will always be a contentious issue, especially as the Baby Boomers (those aged between their late 50’s and late 70’s) wealth has grown exponentially over the last 20 years, compared to the...