Property News · April 18, 2017

Older people due to pass on property ‘wealth mountain’ worth £400bn


Housing inheritance will benefit younger generations selectively, with less than a quarter of under-45s likely to gainProperty worth more than £400bn is set to cascade down from grandparents to younger generations in the coming decades, though only a minority of those under 45 are likely to benefit.According to research by the insurers Royal London about 4 million of the 17 million people aged 25 to 44 are in the “fortunate position” of being in line to inherit from grandparents who have bought property. Continue reading…

Source : theguardian.com
Read more…Older people due to pass on property ‘wealth mountain’ worth £400bn

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