Retire! London homeowners

cells

London has about half as many folk over 65 than England (as a percentage of the population) So a lot of Londoners did and are moving out.

Big difference between inner and outer London.
Lots of people age 20-40 in London

System

Interesting, so mission already accomplished beforehand really. I do wonder who it is who owns these £1m properties, I suppose you have some who are just so rich that it makes no difference to them, but someone whose merely a 1 or 2 equity millionaire, then housing is a consuming part of their finances

ukcarper

cells wrote: »

London has about half as many folk over 65 than England (as a percentage of the population) So a lot of Londoners did and are moving out.

Big difference between inner and outer London.
Lots of people age 20-40 in London

As you keep telling us the population of London is increasing so it could be possible that the number of older people has stayed the same, but the number of younger people is increasing.

GunJack

cells wrote: »

London is too big a market to generalize

A nice terrace in Hackney is £1.5m while similar in Walthamstow is £800k and the same in Enfield is maybe £500k and the same in Blackburn £250k

To make the retirement from sale of property worthwhile you really need to start with a nice house in an expensive area of London and move out of London. Or you could just move five miles away from the centre of London towards zone 4 and get almost the same spare cash. eg £1m going from hackney to enfield rather than £1.25m going from Hackney to Blackburn

:rotfl: you can get "nice" in Blackburn for a lot less than that....sell nice terrace in Enfield, move up North to nice detached and still have £250-350k left over if you plan it right.....

...you Southern-centrics don't have a scooby sometimes