London retirees own £62 billion of under-utilised property

London retirees are sitting on £62 billion-worth of under-utilised property, new research has revealed. An independent report on the growing “later living market” found that many large, mortgage-free family houses, occupied by 1-2 retirees are putting a strain on the London housing market. Some 65 per cent of retirees are owner occupiers and these households, … Continue reading London retirees own £62 billion of under-utilised property