Sussex Property Market View

Average pensioner earns £7k a year from their home

New data and analysis from Key Retirement has revealed that on average, Great Britain's pensioners have gained £159k in the 23 years they have owned their home.
 
The figure equates to £7k per year for most, however, over-65s in London have seen property prices soaring by £394,944 over the 27 years they have on average owned their homes – equivalent to £14,257 a year.
 
Homeowners in the South East (21 years) are more than £230,000 better off from buying a property while over-65s in East Anglia (18 years) have seen gains of £206,000 during the average time they have owned their current home...continue reading this interesting article from Property News here
 
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Neil Moore of GL and Co.

With these updates, I follow the property market across Sussex and pass all our knowledge and findings on to you, the buyers, sellers, tenants and landlords of Sussex.

If you are thinking of buying a property for rental and would like to discuss this or if you see a property for sale and would like an opinion on the rental return and investment potential, email me at neilmoore@glproperty.co.uk or call me on 01903 742354.

Neil Moore