Homeowners Wealthier than Renters
By |Published On: 30th October 2012|

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Homeowners Wealthier than Renters

By |Published On: 30th October 2012|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Young homeowners are an average of seven times wealthier than those who are renting, according to insurance company Aviva.

Homeowners Wealthier than Renters

Homeowners Wealthier than Renters

Aviva’s data, of 25-35 year olds, revealed that those who own their house held assets worth an average of £98,686. In contrast, renters own assets of just £14,258.

In the future, it may be possible for renters to catch up with homeowners, but only by a little. By 65 years old, renters own an average of £62,258 in assets; however, homeowners are still miles ahead with assets of £306,147; around five times higher.

The rising number of young people in Britain struggling to get into the housing market is widening the gap between homeowners and renters. High deposits are forcing people off the property ladder.

Housing evaluation firm The Model Works’ Brian Hall says that this will “group people into a property owning elite and those unfortunates who are forced to rent from them. It will hit young people at the most fundamental level in terms of their ability to put a roof over their heads, pay for the essentials, start a family and plan for the future.”1

However, it may be possible for renters to invest in the market, in other ways.

A number of financial businesses currently provide the opportunity to invest in the housing sector, without having to own a house.

Castle Trust offer their Housa product, and Hearthstone Investments can also deliver the chance to invest a minimum of £1,000 into the property market, allowing renters to profit from the increase in house prices, without the need to buy a house.


About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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