Retired Homeowners See a Market Slump

Summary


RETIRED homeowners have suffered a dramatic slowdown in the rate at which their property wealth is increasing due to the housing market slump, figures showed today.

The collectively value of equity in the homes of retired people in England and Wales increased by just 0.3% or pounds 2.27bn between October and February, well down on the jump of 2.5% or pounds 18.16bn reported between June and October.

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Extract


Retired Homeowners See a Market Slump

But Wales saw ...

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