By Daily Mail Reporter
Published: 00:57 BST, 17 June 2019 | Updated: 00:58 BST, 17 June 2019
View
comments
Renting among the over-50s has reached record highs.
More than 790,000 homes in Britain are now rented by the age group – a 61 per cent rise since 2012.
The figures, released by estate agent Hamptons International, mean that 15 per cent of rented homes are now occupied by households aged over 50, with pensioners making up nearly a third of this group.
Experts say a combination of rising house and stamp duty prices and changes in mortgage lending mean a growing number of families are unable to save enough for a deposit until their fifties [File photo]
In the South-East, where the cost of homeownership is the highest in the country, nearly one in five renters is over 50 – the largest proportion out of any region.
Experts say a combination of rising house and stamp duty prices and changes in mortgage lending mean a growing number of families are unable to save enough for a deposit until their fifties.
The cost of renting has also risen, however. It now costs an average of £977 a month to rent, up 2.6 per cent on last year.
Aneisha Beveridge, of Hamptons, said: ‘House prices have risen more than incomes, making it harder for people to
