New figures from estate agent Hamptons reveal the top 20 locations in the UK where homeowners own their properties outright, with The Isles of Scilly leading the list. The trend points to an ageing population, particularly among Baby Boomers.
The latest figures from the 2021 census reveal that around 32.8% of UK homeowners own their property outright. New data from estate agent Hamptons identifies the top 20 locations where this is most prevalent. The Isles of Scilly emerges as the region with the highest percentage of mortgage-free homeowners. David Fell, a lead analyst at Hamptons , attributes this trend to an ageing population, particularly among Baby Boomers who have paid off their mortgages.
Additionally, there is a higher prevalence of second homes in these areas, which may contribute to the high percentage of outright ownership
UK Homeownership Outright Ownership Hamptons Retirement Baby Boomers
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