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