Pensioners gain £13 billion on property value

Figures from Key Retirement Solutions, an equity release specialist, shows the over 65s are sitting on £756.7 billion of property wealth and gained an average of £2,956 each as the market stabilised. Dean Mirfin, group director at Key Retirement Solutions said: "That masks big differences with pensioners in London, Scotland and Wales seeing major gains while other regions are standing still or seeing losses." Pensioners in London fared the best, with average gains of £15,954. Over 65s in Scotland saw an increase of £12,720 and Welsh pensioners had gains of £5,811 on their property pri...