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Over 65s hold £726bn in home equity Prudential’s latest Equity Release Index has revealed that homeowners aged 65 and over still have £726.43 billion of equity in their homes. The Index, which tracks the amount of equity held in the properties of people aged 65 and over in England and Wales, discovered that over 40% of equity belongs to those living in London and the South East. The value of property equity belonging to homeowners aged 65 and over fell by £7.7 billion between February 2008 and May 2008. However, Prudential says this decline in value is very recent because between June 2007 and May 2008, the figure increased by £12.731 billion. Between February 2008 and May 2008, London was the only region in England and Wales to see an increase in property equity values. The average homeowner aged over 65 in the South West saw the value of equity they have in their home fall by £6,117, the highest decline for any part of the UK. This was followed by £2,964 in the North East and £2,645 in the South East. Homeowners in London saw the equity in their homes increase by an average of £954.   By KS Date 01-09-2008 Print this article | Send to a friend | React to this article Your advertisement here