Around £360bn in today's money of housing assets will pass from one generation to another over the next 15 years, research from Halifax Financial Services claims.
The Halifax Savings Report says the value of housing assets inherited every year will more than double from £14bn in 2003 to £32bn (in today’s money) 15 years from now. The report also claims the number of estates with property assets is expected to increase from 104,950 or 59% of the total in 2003 to 115,347 or 65% in 2020. The 'baby boomer' generation will also play a role in the transfer of housing wealth that is to come. More baby boomers (78%) own their own home than any other UK age group. And baby boomers have witnessed an extraordinary transformation in British society: the rise ...
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