West London is property hotspot for wealthy over-65s, study finds

Over 50,000 London pensioners are estimated to live in properties valued at over £1m. 

 

In Kensington and Chelsea the total value of properties over £1 million owned by pensioners was found to be a whopping £45 billion, with Westminster coming in second place at £24 billion, with the total for London amounting to over £127 billion 

A total of almost 52,000 people over the age of 65 in London were found to live in property with a price-tag of over £1 million. The only boroughs where over-65s did not own such high value properties were Barking and Dagenham and Newham.  

Data revealed by The Telegraph puts the combined property wealth of British Pensioners at £926 billion. The data, provided by CACI, provides stark contrast to the 20% drop in home ownership in under-45s.  

For specialist advice on buying and investing in property in West London, Horton and Garton have extensive knowledge of the housing market in Hammersmith and Fulham, and have advised buyers and renters of all ages.